Luxury
LVMH’s growth slows in the third quarter
The French-based luxury conglomerate posted an organic revenue growth of 9% in the third quarter, as compared to an organic growth of 17% recorded in the previous quarters of 2023
Manolo Blahnik’s sales and profits soared in 2022
The UK-based footwear and accessories brand posted a “record financial performance” in 2022, and thanked its employees by distributing more than 1 million euros in bonuses last November
The Burberry Foundation announces programme to support young Ukrainians
The foundation set up by the Burberry Group is partnering with the organization Save the Children to launch the Life Chances programme, which aims to support young people affected by the war in Ukraine
Prada appoints Luigi Preziotti as Design Director
The Italian-based luxury group has appointed Luigi Preziotti as Design Director and also confirmed Dario Vitale in his current role as Miu Miu's Design Director
LVMH's Métiers d’Art acquires Spanish tannery Grupo Verdeveleno
The LVMH subsidiary designed to preserve the group's expertise in luxury raw materials and craftsmanship has acquired the Grupo Verdeveleno, a Spanish tannery specialising in exotic skins
Golden Goose posts strong first half
The Italian-based luxury sneaker brand saw its revenue increase by 21% in the first half of the year, as compared to the same period in 2022, with all its markets showing double-digit growth
Alessio Vannetti is the new Chief Brand Officer of Gucci
The changes continue at Gucci. The Italian luxury brand has announced the return of Alessio Vannetti as Executive Vice President and Chief Brand Officer as of today
Farfetch remains optimistic despite stumbles in the second quarter
The UK-based luxury platform posted a small drop in revenue in the second quarter of 2023, as compared to the same period of 2022, while profits remain in the red zone since the first quarter
Prada announces partnership with ZDHC
The Milan-based group announced as a “Signatory Friend” the launch of the partnership with ZDHC - Zero Discharge of Hazardous Chemicals, the global multi-stakeholder initiative
LVMH: Premium Partner of the Paris 2024 Olympic and Paralympic Games
According to LVMH, this partnership will enable the artisans across the group to contribute their creativity, know-how, and sense of French art de vivre to the organization of the high-level sports competition
Ferragamo's revenue and profit dropped in the first half
The luxury group reported a 4.8% fall in revenue in the first half of 2023, as compared to the same period of 2022. In addition, net profit for the period plunged by 65.4% year-on-year
Tapestry acquires Capri in 8.5 billion US dollars deal
The two houses announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction the total enterprise value will be of approximately 8.5 billion US dollars
Ferragamo's CFO resigns
Alessandro Corsi, the manager overlooking Salvatore Ferragamo's financial reporting, resigned and will terminate his employment agreement with the company on the 30th of September, 2023 to take on a new professional challenge
Farfetch appoints Tim Stone as Chief Financial Officer
The UK-based luxury e-tailer has announced that Tim Stone will succeed Elliot Jordan in the role of Chief Financial Officer (CFO), effective from the 1st of September
Tod's reports strong first half
The luxury group reported a 21.7% revenue increase in the first half of 2023, as compared to the same period in 2022, with double-digit growth across all brands and product categories-
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