Tiffany & Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home.
Some two weeks into the fashion season, designers who truly understand the concept of avant garde tailoring and a certain insurrectionary air, albeit with a hopeful tinge, dominated the past two days in Paris.
As part of its new marketing strategy, luxury fashion house Balmain is launching an app that will livestream its runway shows and use new technologies such as augmented reality to create new experiences.
Klarna, the Swedish payments specialist has a new minority investor - rapper Snoop Dogg via his Casa Verde Capital fund. The company has also just unveiled a new marketing campaign starring the celebrity.
Millennials-focused high-end slipper brand Mahabis has been rescued. The label that thought differently about the slipper market, has been acquired by an entrepreneur who did the same in the mattress market.
Fossil Group said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.