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Luxury

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Tod's sees possible venture with LVMH, but no talks ongoing

Tod's sees possible venture with LVMH, but no talks ongoing

Italy's Tod’s could further strengthen its ties with LVMH but there are no ongoing talks and no decision has been made, a top Tod’s executive said after the French giant increased its stake in the group.
Fashion
Ralph Lauren to sell Club Monaco and focus on eponymous label

Ralph Lauren to sell Club Monaco and focus on eponymous label

Ralph Lauren Corp will sell high-end apparel brand Club Monaco to private equity firm Regent LP for a undisclosed amount, as the apparel retailer doubles down on its eponymous label.
Luxury
Canada Goose expects annual sales above C$1 billion for first time

Canada Goose expects annual sales above C$1 billion for first time

Canada Goose Holdings Inc on Thursday forecast annual revenue above C$1 billion for the first time, after surging online sales and strong Chinese demand helped the apparel maker post a surprise profit.
Luxury
Beauty and fashion are top-performing categories on TikTok

Beauty and fashion are top-performing categories on TikTok

Small businesses in the beauty and fashion sectors are outperforming on TikTok, new research shows, with consumers responding to a wide variety of content.
Fashion
John Lewis opens revamped Edinburgh store

John Lewis opens revamped Edinburgh store

​John Lewis unveils its revamped Edinburgh store on Friday after a major refurbishment. The focus is on making the store a must-visit destination, with experiences and expertise that can’t be replicated online.
Fashion
Covid dents Burberry sales but bounce-back has begun

Covid dents Burberry sales but bounce-back has begun

​The last year has been a bruising one for many and Burberry’s results for FY21 have illustrated that perfectly, But they also show how it has learned to navigate the pandemic and is bouncing back strongly.
Luxury
Pandemic hurts Wolford, but debt-free firm is on recovery trail

Pandemic hurts Wolford, but debt-free firm is on recovery trail

Wolford released its delayed results for its shorter fiscal year late on Wednesday and while it swung  to a profit, the upscale hosiery and bodywear firm also talked of “significant business losses” due to the pandemic.
Fashion
Prada sets succession process in motion as Lorenzo Bertelli joins board

Prada sets succession process in motion as Lorenzo Bertelli joins board

The Italian label has convened an AGM to renew its board of directors, which is set to co-opt the son of CEOs Miuccia Prada and Patrizio Bertelli, whose respective remuneration package was also disclosed.
Luxury
ITS competition opens entries for 2021 edition

ITS competition opens entries for 2021 edition

Registrations have opened for ITS 2021, a competition dedicated to young design, based in Trieste. Scheduled for October, the contest will feature a new digital prize this year. Registrations close on June 24.
Fashion
Ferragamo sees sales growth, loss reduction in Q1

Ferragamo sees sales growth, loss reduction in Q1

In Q1 2021, the Italian luxury label reported a better-than-expected net loss of €0.6 million, down from €41 million YOY, as business was “volatile” owing to the Covid-19 pandemic.
Luxury
London's West End to see high summer footfall says NWEC survey

London's West End to see high summer footfall says NWEC survey

​Central London footfall may still be well down on pre-Covid levels, but an uptick is expected this summer with a new study suggesting consumers are keen to get back to the UK’s premier shopping district.
Fashion
Copenhagen Fashion week plans physical return in August

Copenhagen Fashion week plans physical return in August

​Copenhagen Fashion Week is to return physically for SS22 in August. It will run at the same time as tradeshows CIFF and Revolver as fashion events across Europe start their physical comeback.
Fashion
Instagram tiara and Kashmir sapphire shine in Geneva auction

Instagram tiara and Kashmir sapphire shine in Geneva auction

A Savoy royal tiara which everyone could try on via Instagram, and the largest Kashmir sapphire ever auctioned sold for millions of dollars each on Tuesday.
Luxury
Lyst raises new cash, mulls IPO - report

Lyst raises new cash, mulls IPO - report

Lyst, the London-based upscale fashion search-to-retail platform, is reportedly mulling an IPO, having raised $85 million from a variety of investors.
Fashion
Safilo bags five-year DSquared2 eyewear deal

Safilo bags five-year DSquared2 eyewear deal

​Safilo announced on Tuesday that it has struck a global eyewear license deal with the DSquared2 label with the company to make eyewear for Dean and Dan Caten’s brand for the next five years.
Fashion
Palais Galliera to reopen, and extend Gabrielle Chanel: Fashion Manifesto exhibition

Palais Galliera to reopen, and extend Gabrielle Chanel: Fashion Manifesto exhibition

About time: Paris’ famed Palais Galliera fashion museum is about to reopen next week, allowing visitors back into its hit exhibition on Gabrielle ‘Coco’ Chanel - and extending it until July 18.
Luxury