Michael Kors parent Capri Holdings Ltd on Friday raised its annual forecasts for the second time after trouncing Wall Street estimates for quarterly results, as shoppers splurge on its high-end clothes and bags.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
Michael Kors parent Capri Holdings raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging from lockdowns look to upgrade their wardrobes.
The luxury parka maker said on Thursday it would stop making its products with fur by the end of 2022 as the company looks to become more environmentally conscious after years of backlash over its use of coyote fur.
Esteban Cortazar, who began his fashion career as a teenage wunderkind, returned to his pre-teen days in halcyon hipster days of nineties Miami for his new linkup with Spanish label Desigual that launches today.
The Federation de la Haute Couture et de la Mode has confirmed that French authorities will allow live catwalk shows in July's haute couture season in Paris; and added Pyer Moss as one of its guest members.