×

Luxury

The latest news

W Magazine furloughs majority of staff, suspends print

W Magazine furloughs majority of staff, suspends print

The Future Media Group-owned publication has suspended its print edition indefinitely, and those who work on W's online edition will continue to work with reduced salaries. 
Luxury
EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
French luxury group Hermes reduces proposed dividend

French luxury group Hermes reduces proposed dividend

French luxury goods group Hermes said on Monday it has decided to trim its planned 2020 dividend to shareholders in response to the coronavirus outbreak.
Luxury
Neiman Marcus to furlough nearly 14,000 workers amid virus crisis

Neiman Marcus to furlough nearly 14,000 workers amid virus crisis

Luxury retailer Neiman Marcus said on Monday it would furlough most of its about 14,000 workers, as the coronavirus crisis forced it to close all stores till the end of April.
Luxury
Coronavirus leads to further cancellations and postponements of international events

Coronavirus leads to further cancellations and postponements of international events

Monte-Carlo Fashion Week 2020, the 1.618 Biennale and the OpenMyMed Prize 2020-21 are the latest international events to announce their postponement, while the Milan Furniture Fair has cancelled its 2020 edition.
Fashion
Spanish designer dresses last brides as coronavirus halts weddings

Spanish designer dresses last brides as coronavirus halts weddings

Wearing a surgical mask and latex gloves, Spanish wedding dress designer Inma Garcia cuts lengths of ivory satin and frothy net in her Barcelona workshop to make a bridal gown for a Mexican client.
Luxury
Kering postpones annual shareholders meeting

Kering postpones annual shareholders meeting

Kering, the world’s second largest luxury conglomerate, has decided to postpone its annual shareholders meeting, the latest major publicly quoted company in fashion to delay its ASM in the wake of coronavirus.
Luxury
Burberry to make masks and gowns, helps fund vaccine research

Burberry to make masks and gowns, helps fund vaccine research

Burberry has announced a raft of initiatives designed to support global efforts to combat the outbreak of Covid-19, including the delivery of thousands of surgical masks.
Luxury
LoveTheSales says Moschino, tee-dresses are most liked Instagram influencer picks

LoveTheSales says Moschino, tee-dresses are most liked Instagram influencer picks

Website LoveTheSales.com has carried out artificial intelligence-based analysis of Intagram and its influencers and said white T-shirt dresses accessorised with hats and handbags are top for generating likes.
Luxury
Fabergé owner warns of significant Covid-19 impact

Fabergé owner warns of significant Covid-19 impact

Gemfields, the British mining corporation, has revealed that the global health crisis will have a “significant detrimental impact” on its operations, revenues and business during 2020 and possibly beyond.
Luxury
Hammerson rents fall short across Europe, reassures on liquidity

Hammerson rents fall short across Europe, reassures on liquidity

Malls giant Hammerson said Monday it has received “a variety of requests for rent deferrals, which we are reviewing on a case-by-case basis” across its properties in the UK, Ireland France and other European countries.
Fashion
Chanel turns its workshops to making face masks as coronavirus spreads

Chanel turns its workshops to making face masks as coronavirus spreads

Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country.
Luxury
CFDA cancels Resort 2021 and postpones men's shows

CFDA cancels Resort 2021 and postpones men's shows

The CFDA, along with New York Men’s Day, Liberty Fairs and Project, has decided to postpone the June men’s shows and are working with the tradeshows to align on future dates.
Fashion
LVMH says Q1 sales could decline by "10 pct to 20 pct" vs Q1 2019

LVMH says Q1 sales could decline by "10 pct to 20 pct" vs Q1 2019

Louis Vuitton owner LVMH said on Friday it could “accurately” calculate at this stage the impact of the closures of production sites and stores linked to the coronavirus outbreak around the world.
Luxury
Paris and Milan postpone menswear and haute couture seasons

Paris and Milan postpone menswear and haute couture seasons

The governing fashion bodies in France and Italy have decided to postpone their next menswear seasons and the Paris haute couture runway season this summer.
Fashion
Petra Diamonds suspends 2020 production outlook

Petra Diamonds suspends 2020 production outlook

Africa-focussed miner Petra Diamonds on Friday suspended its production forecast for fiscal 2020 and said it was in "active talks" for near-term financing, amid worries over the worsening coronavirus crisis.
Luxury