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Footwear

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Michael Kors, Versace owner Capri cuts forecasts as demand slows, shares plunge 24%

Michael Kors, Versace owner Capri cuts forecasts as demand slows, shares plunge 24%

Michael Kors and Versace owner Capri Holdings on Wednesday cut its annual profit forecast and provided a dour outlook for 2024, blaming a slowdown in demand from department stores for its luxury handbags and apparel.
Luxury
Matchesfashion names John Mooney its creative director

Matchesfashion names John Mooney its creative director

​Luxury retailer Matchesfashion has continued to boost its top team, and has named a new executive creative director, finding him – like current Matches CEO Nick Beighton – among the ranks of ASOS execs.
Fashion
Luxury: heels and moccasins make a comeback after years of sneaker dominance

Luxury: heels and moccasins make a comeback after years of sneaker dominance

With the passion for trainers waning, luxury brands are revamping their offerings by expanding their formal shoe category with significantly higher prices, according to a study by Retviews by Lectra.
Luxury
China's luxury market shrank 10% in 2022 -Bain

China's luxury market shrank 10% in 2022 -Bain

China's luxury market contracted 10% in 2022 on the year, snapping a five-year streak of high growth, as Beijing's zero-COVID policy and a slowing economy hit spending, Bain & Company said in a report on Tuesday.
Luxury
Me+Em opens at Battersea Power Station

Me+Em opens at Battersea Power Station

​Me+Em is the latest fashion name to open a store in the prestigious Battersea Power Station mall that opened last autumn.
Fashion
Burberry reveals Daniel Lee's "first creative expression" for label

Burberry reveals Daniel Lee's "first creative expression" for label

​The Burberry show at London Fashion Week is set to be the hottest ticket in town as the industry gets to see what new creative director Daniel Lee has up his sleeve. But first it's released a taster campaign.
Luxury
Hugo unveils "daring and defiant" SS23 campaign

Hugo unveils "daring and defiant" SS23 campaign

​Hugo Boss has unveiled the SS23 campaign for its Hugo label saying “individuality, attitude and breaking the rules – Hugo takes this anthem to new altitudes in the brand’s most daring and defiant campaign yet”.
Fashion
Affluent Gen-Zers are actively more eco-conscious when buying fashion - report

Affluent Gen-Zers are actively more eco-conscious when buying fashion - report

​Brands ignore environment, social and governance (ESG) issues at their peril with Gen Z’s fashion choices now being increasingly divine by a label’s ESG stance.
Fashion
Moncler Genius collaborators to include Alicia Keys, Pharrell Williams, Mercedes-Benz

Moncler Genius collaborators to include Alicia Keys, Pharrell Williams, Mercedes-Benz

​We’re used to the big-name luxe designers that Moncler works with for its Genius offer. But for 2023 it had said it will be taking a new approach. And now the names of its latest collaborators have been revealed. 
Luxury
Adidas by Stella McCartney kicks-off Grammy weekend festivities with A-List, young Hollywood crowd bash

Adidas by Stella McCartney kicks-off Grammy weekend festivities with A-List, young Hollywood crowd bash

The designer used the occasion to show her spring/summer 2023 collection, which marks 18 years with the German sports giant.
Luxury
Investor Ryan Cohen takes stake in Nordstrom

Investor Ryan Cohen takes stake in Nordstrom

Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom and plans to urge the department-store chain to make changes to its board after a decline in share prices, the Wall Street Journal reported.
Luxury
Cristina Betts bullish for Iguatemi, explains the Brazilian giant’s future M&A roadmap

Cristina Betts bullish for Iguatemi, explains the Brazilian giant’s future M&A roadmap

This past week in Paris, Brazil’s most important luxury retailer Iguatemi feted its rebound from the pandemic, as its CEO Cristina Betts explained its M&A plans and predicted double continued digit growth in 2023.
Fashion
Prada tops Lyst Index for first time, Saint Laurent bag is top product

Prada tops Lyst Index for first time, Saint Laurent bag is top product

Prada hit something of a low just a few years ago due to the pandemic. But its impressive recovery was underlined on Thursday as the latest instalment of the Lyst Index showed it as the hottest brand in the world.
Fashion
Nicholas Kirkwood closes, hopes to return with new green concept

Nicholas Kirkwood closes, hopes to return with new green concept

​Luxury footwear designer Nicholas Kirkwood is closing his 18-year-old business, he announced on instagram on Wednesday, also hinting at a new path he'll be following.
Fashion
Care & repair arrives at Net-A-Porter, Mr Porter and The Outnet in The Seam deal

Care & repair arrives at Net-A-Porter, Mr Porter and The Outnet in The Seam deal

​In another sign that repair is one of the key trends for 2023, YNAP said its in-season and off-price e-tailers Net-A-Porter, Mr Porter and The Outnet are launching their first dedicated customer care & repair offers.
Fashion
UK's competition body investigates Richemont-Farfetch deal for YNAP

UK's competition body investigates Richemont-Farfetch deal for YNAP

The UK’s Competition and Markets Authority (CMA) is looking into Farfetch’s purchase of a stake in Yoox Net-A-Porter, owned by Swiss luxury goods group Richemont, claiming it might reduce competition in the UK market.
Fashion