Valentino has switched eyewear partners in a deal with Akoni Group for the design, manufacture and worldwide distribution of its eyewear after previously working with Luxottica in a partnership that has ended early.
Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
Thailand’s Central Group has denied it’s in talks to buy Selfridges after it was reported globally that the firm will buy the business perhaps as soon as this month.
Joseph Altuzarra introduced on Thursday a new "genderful" brand, dubbed 'Altu', that aims to reimagine and challenge traditional notions of dress.
The Bolingbrook, Illinois-based cosmetics retailer revealed on Thursday that its net sales for the third quarter totaled $2.0 billion, up 28.6% from $1.6 billion in the same period in the previous year.
Zegna may have just celebrated its 110th anniversary, but this is one brand that keeps on evolving. On Friday, the Italian marque will launch a new collection, Zegna Outdoor Capsule, and also unveils a brand new logo.
The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
Fast Retailing announced on Thursday that it’s “advancing” its LifeWear concept and has “formulated Fiscal 2030 Targets and an Action Plan for core aspects of sustainability”.
Thailand’s Central Group has denied it’s in talks to buy Selfridges after it was reported globally that the firm will buy the business, perhaps as soon as this month.
The German sportswear giant announced on Wednesday that it has completed its second share buyback program of the year, repurchasing 1,619,683 shares for a total of 450 million euros.
Global sneaker and streetwear retailer Snipes announced on Wednesday the acquisition of American sneaker chain Jimmy Jazz. The terms of the deal were not disclosed.
Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
The owner of the Tommy Hilfiger and Calvin Klein brands announced a year-over-year increase of 10% in its third-quarter revenue on Wednesday, with progress driven by the company’s wholesale operations.
The parent company of brands including Donna Karan, DKNY and Sonia Rykiel has reported net sales of $1.02 billion for Q3, reflecting a 22.8% increase from $826.6 million in the same period in the previous year.
The Italian fashion group owned by Renzo Rosso has created BVX (Brave Virtual Xperience), a company that will develop projects and content for the virtual world of the metaverse, headed by Renzo’s son Stefano Rosso.
