Accessories
8000kicks launches waterproof hemp backpack
The Portuguese brand known for its waterproof hemp shoes has now introduced the Everyday hemp backpack, raising almost half a million euros in funding on the Kickstarter platform
Prada reports strong first half
The Italian-based luxury group posted a net sales of increase of 22% in the first semester, as compared to the same period of the prior year, and is on track to meet midterm targets
Hermès sales grow in the first half
The French-based luxury group posted a revenue increase in the first half of 2022, with all geographical areas recording "strong growth". Performance in Greater China bounced back in June
Capri aims at an 8 billion USD revenue goal
The group said at an Investor Day that it plans to increase the footwear and accessories sales of Jimmy Choo, Versace and Michael Kors, while also focusing on store growth
Kering reports strong performance
Despite the global macro uncertainty, the French-based group posted a solid sales growth in the first half of 2022 in each of its Houses. Yves Saint Laurent’s performance reached “new highs”
Steve Madden posts revenue growth
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children reported a revenue growth in the second quarter of 2022, confirming its full year outlook
Arnault restructures holding company to ensure family control of LVMH
The French billionaire Bernard Arnault is turning his holding company Agache into a joint-stock partnership to guarantee that its control over the LVMH group will be maintained in the long term
Designer Brands adds Le Tigre to its portfolio of owned brands
The North-American company has entered a licensing agreement with Le Tigre 360 Global. The deal is regarded as another step to double sales of the owned brands category by 2026
Aldo Group completes restructuring process
The Canadian-based footwear and fashion accessories group announced that it successfully exited the restructuring process launched in May 2020 when it filed for credit protection amid the COVID-19 pandemic
Lockdowns in China hit Burberry's sales
The luxury group reported in a trading update that despite an overall recovery, sales in Mainland China dropped by 35% in the first quarter of 2022, as compared to the same period of last year
Global personal luxury goods market to reach 360 to 380 billion euros by 2025
Despite the challenges and disruptions that happened at the start of 2022, the global luxury market will reach 360 to 380 billion euros by 2025, following the rebound experienced in 2021
Maria Maleta launches line with ELLEONOR
The Portuguese leather bags brand teamed up with the artist Leonor Cunha to launch a colourful and irreverent collection that celebrates the female friendship
Roberto Massardi is Prada's new Chief Business Development Officer
The Italian luxury brand appointed Roberto Massardi as chief business development officer in May. Mr. Massardi will be responsible for the strategic development of the group
Armando Cabral opens immersive retail space in the US
The Portuguese model and businessman expanded his brand with an Afro-Centric immersive retail experience in the Rockefeller Centre named ARMANDO CABRAL Mercado
Capri Holdings supports creation of the Versace Foundation
The company has guaranteed 10 million US dollars for the new foundation. The aim of the initiative is to support equality, wellness and safety for the LGBTQIA+ community-
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