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Valentino moves to Akoni under new eyewear deal that starts in 2022

Valentino moves to Akoni under new eyewear deal that starts in 2022

Valentino has switched eyewear partners in a deal with Akoni Group for the design, manufacture and worldwide distribution of its eyewear after previously working with Luxottica in a partnership that has ended early.
Fashion
Top 100 luxury companies generated $252 billion in 2020

Top 100 luxury companies generated $252 billion in 2020

Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
Luxury
Thailand's Central denies Selfridges buy after news that it won £4bn race for firm

Thailand's Central denies Selfridges buy after news that it won £4bn race for firm

​Thailand’s Central Group has denied it’s in talks to buy Selfridges after it was reported globally that the firm will buy the business perhaps as soon as this month.
Fashion
The RealReal reports 51% GMV increase in November

The RealReal reports 51% GMV increase in November

The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
Fashion
Thailand's Central wins Selfridges in £4bn race for firm

Thailand's Central wins Selfridges in £4bn race for firm

Thailand’s Central Group has denied it’s in talks to buy Selfridges after it was reported globally that the firm will buy the business, perhaps as soon as this month.
Fashion
Luxury goods groups Hermes, Richemont enter blue-chip Euro STOXX 50 index

Luxury goods groups Hermes, Richemont enter blue-chip Euro STOXX 50 index

Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
Luxury
LFW's men's event won't happen in January, labels to join women's event again

LFW's men's event won't happen in January, labels to join women's event again

​The fashion events calendar is struggling to get back to some sort of normality as UK lockdowns end while the pandemic rumbles on, and the menswear edition of London Fashion Week is being affected by this.
Fashion
G-III tops guidance with 23% sales rise in third quarter

G-III tops guidance with 23% sales rise in third quarter

The parent company of brands including Donna Karan, DKNY and Sonia Rykiel has reported net sales of $1.02 billion for Q3, reflecting a 22.8% increase from $826.6 million in the same period in the previous year.
Fashion
Prada sees second-hand fashion as opportunity, weighs partnerships

Prada sees second-hand fashion as opportunity, weighs partnerships

Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships.
Luxury
Armani to ban angora wool from next winter season

Armani to ban angora wool from next winter season

Armani Group said on Wednesday it would no longer use angora wool starting from the 2022-23 autumn/winter season, adding it to the list of excluded materials under its fur-free policy.
Fashion
Fashion Awards red carpet drove search spike for floral print dresses

Fashion Awards red carpet drove search spike for floral print dresses

​Red carpet events may have been thin on the ground in the past 18 months, but they still have the power to influence consumer fashion choices. And two high-profile red carpets have shown that in the past few few days.
Fashion
Gucci family slams House of Gucci movie release

Gucci family slams House of Gucci movie release

The Gucci family has hit out at the new House of Gucci movie, accusing it of inaccuracy and slamming the film’s makers for not speaking to the family before making it.
Luxury
Luxury brands that reject resale risk losing out, says study

Luxury brands that reject resale risk losing out, says study

According to a new report from McKinsey, exploring the rapidly growing resale market not only opens a new revenue stream for luxury labels but could also have a positive effect on brand loyalty and desirability.
Luxury
House of Gucci: The label's clothes and accessories ride high after movie release

House of Gucci: The label's clothes and accessories ride high after movie release

Released in theaters on November 24, the "House of Gucci" movie has caused searches for clothing and accessories from the luxury fashion house to soar.
Luxury
Gucci heirs say "House of Gucci" portrays family as 'thugs'

Gucci heirs say "House of Gucci" portrays family as 'thugs'

The heirs of Aldo Gucci, the man who transformed the Florentine label into a global phenomenon, are not happy at the way their family is portrayed in Ridley Scott's "House of Gucci" film.
Luxury
Gucci heirs threaten legal action over Ridley Scott film

Gucci heirs threaten legal action over Ridley Scott film

The heirs of Italian fashion house Gucci on Monday threatened to take legal action over Ridley Scott's new film "House of Gucci" for depicting members of the family as "hooligans".
Luxury