The strategies of Coach, Michael Kors and Kate Spade have been scrutinised by Lectra’s data analysis solution Retviews, as inflation is pushing all three labels to revise their plans for price rises and promotions.
Farfetch shares are more than a quarter down from where they were this time last week. And the reason? The company held a capital markets day Thursday and the cost of its ambitious plans didn’t please its investors.
Founded in Paris in 2013 by Sabrina Marshall and Sofia Bernardin, the high-end second-hand site welcomes Michael Dayan (ex-Showroomprivé), producer Darren Star and entrepreneur Shari Glazer to its capital.
G-III Apparel Group announced on Wednesday a 6% sales uptick for the third quarter, as higher inventory levels caused logistical challenges within the U.S. company's distribution centers, hindering its bottom line.
Luxury accessories brand Mulberry reported its results for the 26 weeks up to 1 October on Wednesday and seemed upbeat, calling the performance “resilient”, despite a small sales dip and a swing to a pre-tax loss.
Italian fashion group Prada is set to hire former Luxottica chief executive Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, as said by a source.