Luxury
Vida Shoes acquires luxury shoe brand Aquatalia
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia
Kering and Centre for Sustainable Fashion launch new governance programme
Launched by Kering and the Center for Sustainable Fashion, “Governance for Tomorrow” is a three-year programme that aims to bring together experts from different sectors to develop alternative governance models in luxury fashion
Miu Miu fuels strong performance for Prada Group
Against a challenging backdrop in the luxury segment, the Italy-based luxury continued to perform strongly. Miu Miu “upheld its thriving growth momentum”
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
Hermès maintains momentum with strong third quarter growth
The French-based luxury group delivered a 14% revenue increase in the first nine months of the year. Japan and Europe, excluding France, experienced the highest regional sales growth
Kering issues third profit warning of the year
The owner of Gucci and Yves Saint Laurent has issued a third profit warning amid a downturn in the luxury market and after posting a “larger-than-expected” slowdown in the third quarter
Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
LVMH reports drop in third quarter revenue
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division
Authentic and Saks Global to form a strategic venture
The joint venture Authentic Luxury Group will serve as an incubator for luxury brands, driving global growth with new strategies for licensing, retail and lifestyle expansions across multiple industries
Mytheresa acquires Yoox Net-a-Porter from Richemont
Richemont will sell Yoox Net-a-Porter (YNAP) to luxury e-commerce platform Mytheresa, ending years of efforts to dispose of YNAP. The transaction is expected to create a leading global multi-brand digital luxury group
Kering promotes Stefano Cantino to CEO of Gucci
The French luxury group has announced that Stefano Cantino, who joined Gucci in May 2024 as Deputy CEO, has been promoted to CEO of the brand. He will succeed Jean-François Palus
Creative leadership change at LVMH-backed Celine
After seven years as creative director of Céline, Hedi Slimane has left the brand, marking the latest high-profile departure from a fashion label. LVMH has already named Michael Rider as Slimane's successor
Tod’s Group appoints John Galantic as its new Chief Executive Officer
The Italian-based luxury group has appointed John Galantic, former Chanel's senior executive, as its new Chief Executive Officer. This decision follows the privatisation agreement in June
Burberry struggles amid downgrade from FTSE 100
The UK-based luxury group lost its spot in the FTSE 100, leading to its lowest market value in 15 years. Analysts express concerns over the brand's status amid declining sales and leadership changes-
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