LVMH Group’s new bag manufacturing plant, ‘Fendi Factory,’ is set to open in 2022 in Bagno a Ripoli in the south of Florence, Italy. It will employ 380 people with an investment of close to €60 million ($71 million).
THG is continuing its drive to grow its Ingenuity service and on Monday announced new Ingenuity deals with fashion and beauty labels. It’s partnering with Lulu Guinness, Orlebar Brown and beauty firm BWX.
Just when you thought the entire menswear industry was going to be enveloped in streetwear, along comes Dior with its new menswear collection, Modern Tailoring, a surprising blend of chic and sartorial.
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".
Brothers Giuliano and Giordano Calza have sold a majority stake in their high-end streetwear brand to Italian investment firm Made in Italy Fund, but will continue to play an active role at the company.
Italian luxury brand Salvatore Ferragamo recorded a net loss of €96 million ($113.15 million) during the first nine months of 2020, hurt by sales which also fell 38.5%, due to the impact of the Covid-19 pandemic.
Accra might have had to cancel its fashion season this fall, but a quintet of the Ghanaian capital’s most happening new designers have been able to present their creations via a novel photo shoot backed by Mercedes-Benz.
The footwear group owned by the Della Valle family rallied in Q3, losing only 12.3% through strong growth in China and e-tail. Its January-September revenue was €452.6 million, and the recovery continued in October.
Yoox Net-A-Porter has launched a luxury ready-to-wear collection with The Prince’s Foundation, the charity headed by the UK's Prince Charles. The collection is available across all of YNAP's owned webstores