News
Hermès with acceleration in sales
In the first quarter of 2019, the group's consolidated revenue amounted to 1 610 million US dollars, up by 16% at current exchange rates and by 12% at constant exchange rates, thanks to dynamic sales growth in group stores (+13% at constant exchange rates)
We made Coach cool again
The words are from Victor Luis, the man taking the reins of the Tapestry group, which announces itself as the first New York–based House of Modern Luxury Lifestyle Brands. The group's portfolio of brands includes Coach, Stuart Weitzman and Kate Spade
adidas with successful start into 2019
Germany-based giant announced revenue growth of 4% (currency-neutral) in the first quarter of the financial year. Net income from continuing operations increased by 16% in the period. Full-year outlook confirmed
INLU, 100% Portuguese
INLU was first conceptualized in 2017 by a small creative team of women with backgrounds in business and fashion, sharing a common goal to create a new generation of bold and comfortable footwear easily fittting with unique styles
LVMH completes the agreement with Belmond
The French-based luxury house has announced it closed the deal with Belmond. On the same occasion, dividends referring to 2018 results have been approved
Best quarter ever for Puma
Puma's sales growth continued in the first quarter of 2019. Sales rose by 15.3% currency-adjusted to 1 319.3 million euros (+16.6% reported) compared to 1 131.1 million euros last year. CEO announces best quarter ever
Good quarter at Under Armour elevates outlook
The Baltimore-based sportwear giant reported first quarter results with revenue up by 2% (3% in currency neutral). Good performance in the quarter resulted in updated 2019 full year outlook
Ferragamo's Board of Directors confirms CEO
Micaela le Divelec Lemmi has been confirmed as Chief Executive Officer of the Florence-based luxury company
Xtep International to buy K-Swiss
PRC-based sportswear enterprise Xtep International Holdings Limited announced plans to acquire E-Land Footwear USA Holdings Inc., the parent company for brands K-Swiss, Palladium and Suprabrands
Genesco with new stock repurchase authorization
The Nashville-based footwear specialty retailer announced today that its board of directors has authorized it to repurchase up to 100 million US dollars of the company's common stock
London leads opening of global luxury stores
Despite the current challenges within the UK retail market, London took the global top spot for luxury store openings in 2018, according to research from international real estate advisor Savills
Mimi Vaughn named Genesco COO
The US-based company announced Mimi Eckel Vaughn as the new Chief Operating Officer of the Company, effective from the 1st of May. In addition to her new role, Vaughn will continue as Chief Financial Officer until someone else is appointed
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