Kering's shares fell by nearly 6 percent on Thursday after signs of a slowdown at the French fashion company's Gucci brand, particularly in the United States, took the shine off a broader rise in sales.
Time Magazine has named Clare Waight Keller, the artistic director of the house of Givenchy, and Valentino's Pierpaolo Piccioli to its '2019 Time 100' list of the 100 most influential people in the world.
Gucci growth is slowing but Kering is OK with that as it's still surging. Meanwhile Saint Laurent and Balenciaga are powering ahead and Bottega Veneta sales may be down, but the omens are good for Daniel Lee's designs.
Neiman Marcus has announced its acquisition of a minority stake in Fashionphile, making it the first major luxury retailer to directly invest in resale, a market segment projected to grow to $51 billion by 2023.
The Italian luxury label closed 2018 with a revenue of approximately €1.2 billion, growing at a slower rate than before. All of Valentino’s markets are thriving in early 2019, except for Macao and Hong Kong.
After doubling the size of the Turin branch, the department store chain is making over the interiors of the Florence one, and renovating its second branch in Rome, as the group posted a 21% sales rise in 2018.
Climate change protestors are continuing to disrupt the West End and with a threat on Wednesday to target the London Underground too, retailers are increasingly worried that the Easter shopping season is at risk.
Coal Drops Yard, the major retail development that opened next to London’s King’s Cross Station last autumn, has announced a mix of globally known and local labels that will open there by this summer.
A worldwide influencer marketing survey confirmed the rising importance for marketers of results-based remuneration and appropriate returns on investment, with campaign budgets in France higher than elsewhere.
The late German designer's namesake brand has announced the appointment of Nicolette Veendorp as its new sales director, a role to which she brings years of experience gained at luxury group Richemont.