The year to early April was a largely good one for luxury group Burberry, despite the undeniable challenges that it faced during the 53-week FY22 period and the pandemic causing problems in China during Q4.
Capri Holdings on Monday named Alexander McQueen chief Emmanuel Gintzburger as the new CEO at Versace, effective this September. On the same day, Kering named Gianfilippo Testa as CEO of McQueen, talking over in May.
Burberry staged its first show in over two years on Friday, and the result was Riccardo Tisci’s best collection for the house, where he properly embraced the brand’s codes, even as he injected in his own DNA.
Anti-Putin protestors made their first manifestation in fashion with banners against the invasion of Ukraine, outside Versace's latest show. A day that included shows by Tod’s, Luisa Beccaria, Etro and Durazzi.
Burberry’s full-price sales continued to grow in double-digits compared with two years ago in the 13 weeks to December 25, underlining the ongoing recovery both at the company and in the luxury sector as a whole.
Capri Holdings sees the accessories businesses at both Jimmy Choo and Versace as underdeveloped and has high hopes for their future, it said, as it also hailed Michael Kors' potential, despite weakness in watches.
Michael Kors may have seen its shares falling sharply after sales missed analysts’ forecasts, but the message from the company’s top team was (almost) all positive as it looked to a time when it will be an $8bn group.