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.
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.
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 fashion events calendar is struggling to get back to some sort of normality as UK lockdowns end while the pandemic rumbles on, and the menswear edition of London Fashion Week is being affected by this.
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.
For the year-end festivities, the French designer has dropped a collection of objects in a pink colour palette, including for the first time a few items for children aged 3-10, a way to test the childrenswear market.
Red carpet events may have been thin on the ground in the past 18 months, but they still have the power to influence consumer fashion choices. And two high-profile red carpets have shown that in the past few few days.