
In H1 of the 2021-22 fiscal year, closed on September 30, French leather goods label Lancel saw its sales increase by 36.4%, driven by strong performances across all its distribution channels.
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In H1 of the 2021-22 fiscal year, closed on September 30, French leather goods label Lancel saw its sales increase by 36.4%, driven by strong performances across all its distribution channels.
Richemont, France's second largest luxury group, announced on Tuesday the departure of Eric Vallat, the head of its fashion and accessories division. Vallat will pursue professional opportunities outside of the group.
The YNAP buy lit a rocket under Richemont sales last year, but it dented profitability. Yet the group remains strong with jewellery and watches buoyant while Chloé and Dunhill have seen good reactions to new products.
Place de l'Opéra is the French centerpoint of a great historic brand that has been bleeding cash at the bottom line for the past few years. Marco Palmieri plans to change that at Lancel.
Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
First Heritage Brands, the owner of Sonia Rykiel, has entrusted the position of managing director to Perry Oosting, replacing Eric Langon who has been in the role since 2012, FashionNetwork.com has learned.
M&A deals in the luxury sector grew in number in 2017, proof of the interest investors have in a market which, according to a survey by Deloitte, is set to grow strongly for another 3 years.
Richemont has appointed Eric Vallat (with previous tenures at Louis Vuitton and Bonpoint) as its first-ever director of fashion and accessories brands, a newly created role for the Swiss luxury group.
Luxury giant Richemont said Monday that it has completed the sale of its underperforming Lancel brand to accessories specialist Piquadro. It didn't reveal the terms of the deal.
Acne is reportedly up for sale and Carven on the look out for new investors. Add to this the recent announcement of Piquadro's potential acquisition of Lancel, and the fashion and luxury sector looks set for a shake-up.