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Marchetti steps down at YNAP CEO, remains Chairman, Lefebvre takes helm

Marchetti steps down at YNAP CEO, remains Chairman, Lefebvre takes helm

​Yoox Net-A-Porter has named a new CEO with Geoffroy Lefebvre, currently Group Digital Distribution Director at parent company Richemont, taking the helm on January 4.
Luxury
Harvey Nichols owner Dickson Concepts in profit, despite tough H1

Harvey Nichols owner Dickson Concepts in profit, despite tough H1

​The six months to the end of September may have been a devastating time for retailers, but Dickson Concepts managed to turn a profit in the first half of its financial year, despite lower sales.
Luxury
Net-A-Porter MD Brandolese exits after streamlining

Net-A-Porter MD Brandolese exits after streamlining

​Net-A-Porter’s managing director Nicola Brandolese has left his role at the Richemont-owned luxury e-tailer after little over a year at the helm.
Luxury
YNAP publishes major new sustainability strategy

YNAP publishes major new sustainability strategy

​Yoox Net-A-Porter has unveiled a new sustainability strategy called Infinity that’s “designed to bring luxury and fashion back into balance with our planet”.
Fashion
Alexander McQueen introduces seamless omnichannel strategy

Alexander McQueen introduces seamless omnichannel strategy

​Alexander McQueen has embarked on a new omnichannel strategy having spent the last two years (and especially the last few months) preparing its stores for the new seamless physical-to-digital world.
Luxury
LVMH commits to campaign to stop violence against women

LVMH commits to campaign to stop violence against women

LVMH has announced plans to enhance its commitment to the campaign to prevent violence against women. The luxury group revealed it will donate funds to cover 1,000 hotel nights for the non-profit “Fondation des Femmes." 
Fashion
Gucci's evolution from aspirational label to inspirational brand

Gucci's evolution from aspirational label to inspirational brand

Faced with consumers who are increasingly demanding in terms of brand values, luxury labels are undergoing a sea change, extending their vision beyond products. Gucci more than others, through its unique initiatives. 
Luxury
German online retailer Mytheresa confidentially files for U.S. IPO

German online retailer Mytheresa confidentially files for U.S. IPO

German online luxury retailer Mytheresa Group GmbH’s parent company said on Monday it had confidentially filed for an initial public offering in the United States.
Luxury
Luxury giants increase their grip on sector, growth continues but landscape shifts

Luxury giants increase their grip on sector, growth continues but landscape shifts

​The luxury goods industry was expanding healthily before the pandemic hit, but while sales were strong, a select group of luxury giants dominated the sector overall. 
Luxury
Tom Ford launches watch made from 100% ocean plastic, partners with 52HZ for The Tom Ford Plastic Innovation Prize

Tom Ford launches watch made from 100% ocean plastic, partners with 52HZ for The Tom Ford Plastic Innovation Prize

The timepiece, made from 100% ocean plastic, launches alongside The Tom Ford Plastic Innovation Prize, a prize that aims to fight against ocean plastic pollution, offering an award total of $1 million.
Luxury
Global luxury goods sales set for largest ever fall in Bain forecast

Global luxury goods sales set for largest ever fall in Bain forecast

Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros this year, their largest ever drop and first since 2009, due to the fallout from the coronavirus pandemic, consultancy Bain said on Wednesday.
Luxury
Burberry gets sustainability index boost

Burberry gets sustainability index boost

​Hot on the heels of Moncler revealing its strong showing in the new Dow Jones Sustainability Index (DJSI), Burberry said it has been included in the ranking for the sixth consecutive year with its highest ever score. 
Luxury
Kris Van Assche revamps Hublot’s iconic Big Bang Unico chronograph

Kris Van Assche revamps Hublot’s iconic Big Bang Unico chronograph

It’s Big Bang time again at Hublot, where the watchmaker has entrusted Berluti’s Kris Van Assche to revamp its most iconic watch, in a fresh collab' between two noted LVMH luxury marques.
Luxury
Gucci unspools new collection in online fashion TV series, Ouverture of Something That Never Ended

Gucci unspools new collection in online fashion TV series, Ouverture of Something That Never Ended

Gucci debuted its fashion TV series on Monday evening, featuring its latest collection, an online innovation entitled Ouverture of Something That Never Ended, jointly directed by Alessandro Michele and Gus Van Sant.
Luxury
Farfetch losses continue but CEO hails GMV surge, paradigm shift to e-luxury

Farfetch losses continue but CEO hails GMV surge, paradigm shift to e-luxury

​Farfetch is rarely out of the news these days and it’s currently making headlines with its Q3 results. It's still loss-making, but appears to be riding the wave of the "paradigm shift in favour of online luxury".
Fashion
Fossil swings to profit in third quarter

Fossil swings to profit in third quarter

The Richardson, Texas-based watch and accessories group reported Q3 earnings of $16.0 million on Wednesday, progress which led shares in the company to shoot up more than 32% in after-hours trading.
Luxury