EssilorLuxottica is targeting a recovery in its business this year to levels seen before the COVID-19 crisis after the Oakley and Ray-Ban maker's fourth-quarter revenue showed further signs of improvement.
Milan Fashion Week, almost wholly digital, will run until March 1. Italy’s top labels will all take part, except Versace, alongside many debut names like Del Core, a new entry premiering with a real show.
Top luxury groups are taking concrete steps to promote ethical fashion, especially in the areas of diversity, inclusivity, environmental and social responsibility, as shown by recent projects by Capri, Prada and Kering.
Capri beat holiday-quarter profit estimates on Wednesday as the luxury fashion house boosted its margins by selling more products at full price and cutting manufacturing costs, sending its shares up nearly 7%.