Luxury
Hermès delivers a robust first half
The French-based luxury company's sales reached 6.70 billion euros in the first half of 2023, up from 5.48 billion euros in the same period of 2022, driven by strong momentum across regions
Richemont acquires a controlling stake in the Italian shoemaker Gianvito Rossi
The Swiss-based luxury group has announced the acquisition of a controlling stake in the Italian shoemaking Maison Gianvito Rossi. The amount of the transaction was not disclosed
Prada posts robust growth in sales and profits
The Italian-based luxury group posted a 17% net revenue growth and a 62% net income increase in the first half of 2023, as compared to the same last year's period. Rebound in Asia continues
Kering buys a 30% stake in Valentino and announces first half results
The owner of Gucci will take a 30% stake in Valentino for 1.7 billion euros, with an option to buy 100% of the Italian brand's capital until 2028. Meanwhile, Kering's first half results disappoint
Strong first half for LVMH
The luxury group posted a 15% revenue growth and a 30% net profit rise in the first half of 2023, as compared to the same period of 2022, driven by a strong performance in Asia and Europe
Burberry's flagship store on New Bond Street has reopened
The iconic global flagship store, located at 21-23 New Bond Street in London, has reopened to the public to reinforce Burberry's positioning as the modern British luxury brand
Gucci CEO Marco Bizzarri to step down
Kering has announced the impending departure of Gucci's CEO as part of a wider executive shakeup that includes the naming of Saint Laurent CEO Francesca Bellettini to lead the group's portfolio of brands
Canada Goose introduces its first sneaker line
The Canadian-based luxury outwear brand is expanding its footwear offering with the launch of the Glacier Trail sneaker in both high and low-top silhouettes. It arrives in stores today
Burberry delivers a strong first quarter
The luxury group posted an 18% growth in comparable store sales in the first quarter of fiscal 2024, as compared to the same period of last year, driven by the ongoing recovery in Mainland China
Mariano Shoes launches wedding collection
The Portuguese luxury shoe brand launched the Wedding Collection, composed of models that aim to provide the bride and groom with all the elegance and comfort for their special day
Tod's Creative Director to step down
The Italian-based luxury group has announced that Walter Chiapponi is stepping down from his role as Creative Director by mutual agreement. Search for a successor is now underway
Manolo Blahnik opens its first men's pop-up at Harrods
Until the end of the month, customers can visit the shoemaker's first men's pop-up at Harrods for a sneak peek at the Autumn 2023 collection, along with over 60 models from the current one
Global personal luxury goods market set to continue growing in 2023
After registering a record year in 2022, and despite uncertain macroeconomic conditions, the global personal luxury goods market is expected to grow between 5% to 12% in 2023
Gabriela Hearst leaves Chloé
The Richemont-owned luxury fashion house has confirmed that its creative director, Gabriela Hearst, will step down later this year. No reference was made to the creative succession plan
Clergerie has found a new owner
Clergerie has been acquired by the California-based footwear company Titan Industries. The French-based luxury shoemaker had been placed into receivership on the 29th of March-
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