Luxury

Mytheresa joins Vestiaire Collective to offer resale service

Jun 14, 2021 / Germany

Luxury e-commerce platform Mytheresa announced a partnership global app Vestiaire Collective. The partnership aims to drive the fashion industry’s shift towards more sustainable practices by introducing a resale service dedicated to Mytheresa’s high-end luxury customers

Brands Companies ecommerce Fashion Germany Luxury Resale Retail

Fosun Fashion Group to acquire Italian shoemaker Sergio Rossi

Jun 10, 2021 / China

The global luxury fashion group FFG based in China announced it has signed an agreement to acquire 100% of Italian luxury footwear brand Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial V L.P.

Acquisitions Brands China Companies Footwear Italy Luxury Manufacturing Retail Sergio Rossi

Stuart Weitzman reduces losses substantially

May 24, 2021 / United States

In the fiscal third quarter ended on the 27th of March 2021, Stuart Weitzman managed to significantly cut its operating losses thanks to higher revenue and a reduction in expenses

Brands Coach Companies Footwear Luxury Quarter Results Results Shoes Stuart Weitzman Tapestry United States

Changes at Kering’s management

May 19, 2021 / France

The France-based luxury group has announced a new position of Director of Strategy and nominated Mélanie Flouquet for the position. Ginevra Elkann is leaving the Board of Directors

Brands Companies France Kering Luxury Management People

Tapestry: sales of the group up by 19%

May 10, 2021 / United States

The New-York based house of modern luxury accessories and lifestyle brands, reported results for the fiscal third quarter ended on the 27th of March 2021. Quarter results above expectations with sales up by 19%

Brands Coach Companies Coronavirus - Covid19 Footwear Leather goods Luxury Quarter Results Results Sales Tapestry United States

Guillaume Motte appointed Deputy CEO of LVMH

May 4, 2021 / France

LVMH is strengthening the management of its Fashion Group division, which gathers brands such as Celine, Givenchy, Loewe, Emilio Pucci, Kenzo, Marc Jacobs and Patou. Executive Director Sidney Toledano will now have the support of Guillaume Motte

Brands Companies France Luxury LVMH Management People

Nona Source: online resale platform for materials from LVMH Fashion & Leather Goods Maisons

Apr 29, 2021 / France

The French multinational corporation and conglomerate specializing in luxury goods has announced the launch of Nona Source, the first online resale platform for “re-sourcing” materials from the Group’s Fashion & Leather Goods Maisons

Brands Companies Components France Luxury LVMH Online Pre-Owned

Felipe Oliveira Baptista is leaving Kenzo

Apr 28, 2021 / France

The Artistic Director of the French luxury fashion house Kenzo will step down from the role on the 30th of June 2021, after two years at the service of the LVMH's brand

Brands Companies Footwear France Luxury Management People

Designer Alber Elbaz dies from COVID-19 complications

Apr 27, 2021 / Israel

The designer died on the 24th of April in Paris, at the age of 59. He was most notoriously known for its collaboration with the French brand Lanvin, where he was creative director between 2001 and 2015

Brands Companies Design Fashion France Israel Luxury People

Tod's appoints Chiara Ferragni member of Board of Directors

Apr 15, 2021 / Italy

This is the latest move of the Italian-based group to reach out to a younger generation. The Tod’s Group has appointed Chiara Ferragni as a member of its Board of Directors

Brands Companies Footwear Italy Luxury Management People Tods

Kurt Geiger to open 9 new stores this week

Apr 14, 2021 / United Kingdom

The UK-based retailer has announced it will open nine new stores this week as non-essential retailers in England are allowed to reopen

Companies Coronavirus - Covid19 Footwear Kurt Geiger Luxury Retail Shoes United Kingdom

Fire destroys Valentino factory

Apr 13, 2021 / Italy

A factory in Bucine where Italian luxury house Valentino produced its popular line of Rockstud shoes was almost completely destroyed in a fire in the beginning of April. No casualties have been reported

Brands Companies Footwear Italy Luxury Shoes

Ferragamo: Leonardo succeeds brother Ferruccio as President

Apr 7, 2021 / Italy

The Italian luxury brand confirmed Micaela le Divelec Lemmi and Michele Norsa will remain, respectively, Managing Director (CEO) and Executive Vice President. Ferruccio Ferragamo, on the other hand, is giving the role of Non-Executive Chairman to his brother Leonardo

Companies Ferragamo Footwear Italy Luxury Management People

Prada: 24% drop in revenue and 200% growth in the online business

Mar 16, 2021 / Italy

Total net sales for the twelve months ended on the 31st of December 2020 totaled 2.39 billion euros, down by 23.6% at constant exchange rates (down by 24.9% at current exchange rates) compared with approximately 3.18 billion euros in 2019

Brands Companies Coronavirus - Covid19 Fashion Footwear Italy Luxury Prada Quarter Results Results

Ferragamo's revenue down by 33.5% in 2020

Mar 15, 2021 / Italy

The Italian luxury house reported sales of 916 million euros in fiscal 2020, down by 33.5%. Salvatore Ferragamo announced it had suffered a net loss of 72 million euros in 2020, in an economic context highly affected by the COVID-19 pandemic

Brands Companies Coronavirus - Covid19 Fashion Ferragamo Italy Luxury Sales Shoes

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