Luxury
Chanel workshops to make face masks
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country
Burberry expects 30% drop in sales
The British-based luxury brand is already forecasting the hit from the impact of the Covid-19 pandemic. Burberry announced it is expecting a 30% decline in sales for the first quarter of 2020
Kering donates 2 million euros to hospitals
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak
LVMH changes production from perfumes to hand sanitizer
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel
Tapestry with key executive appointments
The luxury house has appointed Liz Fraser as CEO & Brand President for Kate Spade; Giorgio Sarné as CEO & Brand President for Stuart Weitzman and Yann Bozec as President of Tapestry Asia Pacific
Louis Vuitton to open its largest store in Japan
The main brand of the LVMH's portfolio, Louis Vuitton, will open its largest store in Japan in Osaka in February. At the same time the brand will open its first cafe and restaurant
Saint Laurent to open new leather goods factory in Italy
French luxury brand Saint Laurent, which belongs to the Kering group, will open a new location for handbags and wallets near Florence
LVMH acquires stake in Masoni tannery
The French-based luxury group acquired a minority stake in the Santa Croce sull'Arno (Florence) tannery Masoni Industria Conciaria SpA stock package. The deal was made through the LVMH division Métiers d' Art
Jordan Brand and Dior in collaboration
During the Fall 2020 Dior men's collection, Maison Dior and Dior men Artistic Director Kim Jones revealed the first silhouette for the forthcoming Jordan Brand x Dior collection: Air Jordan I High OG Dior
Kate Spade CEO & Brand President leaves Tapestry
The New York-based group has announced that Anna Bakst, CEO and Brand President of Kate Spade, will be departing the company at the end of the calendar year
Cavalli has a new owner
Hussain Sajwani's investment company Vision Investments has announced that it has completed the acquisition of the Italian fashion company from the fund Clessidra
Prada for adidas limited edition
Prada and adidas unveil the first release of their partnership: the Prada Superstar sneaker and the Prada Bowling bag for adidas on sale as a duo from the 4th of December onwards
Louis Vuitton buys Tiffany for 16 billion US dollars
The companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for 135 US dollars per share, resulting in a deal of 14.7 billion euros or 16.2 billion US dollars
Half-year growth for Burberry
The UK-based luxury brand has reported revenue of roughly 1.3 billion British pounds for the first half of the year, up by 5% compared to the same period a year ago
Despite losses Farfetch congratulates fantastic quarter
The luxury e-commerce giant focused on several encouraging indicators when announcing the quarter results, but Farfetch continues to present an increasing net loss-
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