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Kering and LVMH continue their share buyback program

Kering and LVMH continue their share buyback program

Kering is launching the third tranche of its stock repurchase program, covering a volume of nearly 0.5% of its share capital. Meanwhile, LVMH is launching a similar program worth “a maximum amount of one billion euros."
Luxury
Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

The French fashion house will unveil its new men's collection this Thursday, May 19, on Venice Beach, as well as on Facebook. Creative Director Kim Jones will also present a collaboration with the label Erl.
Luxury
Shannon Abloh appointed CEO of Virgil Abloh Securities

Shannon Abloh appointed CEO of Virgil Abloh Securities

Virgil Abloh Securities, a creative corporation founded by the late designer has announced Shannon Abloh as CEO and managing director of the organization.
Luxury
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Fausto Puglisi unveils his first couture collection for Roberto Cavalli

Fausto Puglisi unveils his first couture collection for Roberto Cavalli

The designer launched his first couture collection for the Italian fashion house. The capsule consists of 15 couture looks, most of which will be presented at the Cannes Film Festival.
Luxury
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
Chanel Watch and Fine Jewelry President Frédéric Grangié on the brand’s experiential super boutique; helming talent and brainstorming at high speed

Chanel Watch and Fine Jewelry President Frédéric Grangié on the brand’s experiential super boutique; helming talent and brainstorming at high speed

This Wednesday, Chanel unveiled its new experiential super-boutique in Place Vendôme, the mecca of the fine jewelry industry, and like the house’s founding designs, it feels both luxurious and yet iconoclastic.
Luxury
Private equity firm buys luxe retailer Hervia, has big growth plans

Private equity firm buys luxe retailer Hervia, has big growth plans

​Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
Fashion
Burberry annual sales and profits rise, despite Q4 headwinds

Burberry annual sales and profits rise, despite Q4 headwinds

​The year to early April was a largely good one for luxury group Burberry, despite the undeniable challenges that it faced during the 53-week FY22 period and the pandemic causing problems in China during Q4.
Luxury
Strong U.S. retail sales, manufacturing output boost economic outlook

Strong U.S. retail sales, manufacturing output boost economic outlook

U.S. retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful boost to the economy.
Fashion
Michael Kors' latest collaborations steer the brand to new audiences

Michael Kors' latest collaborations steer the brand to new audiences

The American luxury brand steeped in classic glamour has launched several partnerships geared toward new audiences in recent months. 
Luxury
Millennials, Gen Z to drive luxury market growth in APAC: GlobalData

Millennials, Gen Z to drive luxury market growth in APAC: GlobalData

Millennial and Gen Z locals are forecast to drive luxury market growth in the Asia-Pacific region, according to GlobalData, as internet penetration levels and social media brand engagement increases in the region. 
Luxury
Shaftesbury boosts London's Berwick Street ownership with new buy

Shaftesbury boosts London's Berwick Street ownership with new buy

Landlord Shaftesbury, which owns a 16-acre portfolio in London's West End, has just got a little bigger in the retail area. ​The property giant has acquired a long leasehold in the lower floors of 92-104 Berwick Street.
Fashion
Landsec success heralds return to profit, launches new leasing partner model

Landsec success heralds return to profit, launches new leasing partner model

​Property giant Landsec — which owns most of Bluewater — spoke of its strong financial and operational position Tuesday, “expecting to deliver material growth in income”. And that's with UK economic turbulence factored in.
Fashion
UK footfall slips back in latest week

UK footfall slips back in latest week

​UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period. 
Fashion
Filippa K unveils first campaign under new creative chief

Filippa K unveils first campaign under new creative chief

​Swedish label Filippa K has unveiled its first campaign under its recently appointed Creative Director, Liisa Kessler, who previously designed for Saint Laurent, Chloé and Y/Project.
Fashion