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 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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.