Fashion and luxury brands worldwide have launched a wide ranging array of sustainable initiatives, timed to coincide with the 50th anniversary of the day dedicated to environmental reform on Wednesday, April 22.
Animal rights organisation Peta has taken advantage of the downturn in the stock markets. Peta’s U.S. subsidiary has bought shares in around 20 businesses including Kering, Burberry, Ralph Lauren, and Guess.
Versace and Jimmy Choo made huge progress in accessories in the latest quarter at Capri Holdings, but with 150 out of the group's 225 Chinese stores currently closed, it still faces challenges, its CEO said.
The owner of the Michael Kors brand beat analysts’ expectations with the announcement of solid growth in both sales and earnings in the third quarter on Wednesday but dampened the news by reducing its annual guidance.