Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann.
The fashion group, which has owned 70% of its flagship brand since 1999, has purchased the remaining 30% from Italy's Siny, taking complete control of the business. The value of the transaction was 66.5 million euros.
If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
At a time when the French luxury industry’s craft trades need to hire over 8,000 new artisans each year, the luxury giant has involved its 75 labels in a drive to promote craftsmanship skills and attract talent.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Italian brand Dolce & Gabbana will present its latest couture collection in Venice from August 28 to 30. On the occasion, the brand will also unveil its first homeware line and unprecedented digital collection of NFTs.
The group has announced the final of its competition for young designers. Set to take place on September 7 at the Fondation Louis Vuitton, the event's highlights will, for the first time, be broadcast via social media.
The Browns kidswear entry announced back in May has finally touched down, the retailer "catering to the cool kids, with the best in fashion alongside some exclusive capsules from brands entirely new to the category".