Q1 figures for Farfetch were more muted than some of its recent results and the company warned about the near-term impact of the macroeconomic backdrop that’s currently hurting fashion businesses at all price levels.
The next landmark fashion exhibition to be seen at the V&A in London will focus on Gabrielle Chanel. Opening next year, it will be the first time a major UK museum has dedicated an exhibit to the trailblazing designer.
British designer label A-Cold-Wall has begun a six-week “residency” at the Doha Festival City Mall in Qatar. Its new shop-in-shop 7.2 sq m space is located in the three-storey Harvey Nichols store there.
Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base.
Etro, the luxury Italian label controlled by the L Catterton fund, has named Marco De Vincenzo as its new creative director. Starting early next month, he’ll be in charge of the women's, men's and home collections.
Exor, the holding company of Italy’s Agnelli family, said on Tuesday it has appointed Axel Dumas, CEO of French fashion house Hermes , as a non-executive board member, its latest move in the luxury sector.
Last Friday, Canada announced a ban on trade in luxury goods with Russia, and added 14 other individuals, including known oligarchs, to the list of sanctions imposed in connection with the Russian invasion of Ukraine.
Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Kim Jones, artistic director of the Dior house, chose Los Angeles and the Venice district to present his 2023 capsule collection, produced in collaboration with Californian designer Eli Russell Linnetz.