Accessories
LVMH says its first quarter showed good resilience
The French-based luxury group recorded revenue of 10.6 billion euros for the first quarter of 2020, down by 15% compared to the same period in 2019 and down by 17% on an organic basis
New Generation: meet Ana Neto and Daniela Marques
Two friends of a lifetime have come together to bring to life a shared dream: create a business. And the brand Maria Maleta was born
Hermès: one China store with 2.7 million US dollars sales in one day
WWD is reporting that Hermès China's second-largest Guangzhou flagship has registered 2.7 million US dollars in sales on the reopening day
Expo Riva Schuh and Gardabags won’t have summer edition
Given the health emergency now impacting many countries, the Riva del Garda Fierecongressi Board of Directors concluded there are no conditions to hold the forthcoming edition of the events
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
Chanel closes production sites
The France-based luxury house announced it has decided to close its core production sites in three European countries: France, Italy and Switzerland, either completely or partially
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
Tapestry with 1% increase in net sales
The company announced second quarter results with a 1% increase in net sales. Net income presented double digit growth rate in the period. Second half guidance includes negative impact of the coronavirus outbreak
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
Louis Vuitton and NBA in partnership
The France-based luxury label has announced a partnership with the US National Basketball Association (NBA). Louis Vuitton will also become the official Trophy Travel Case Provider
Farfetch is on acquisition mode
One day after the purchase of Japanese jeweller Ambush, Farfetch is back on the news with the acquisition of Opening Ceremony, a American clothing brand founded in 2002 by Carol Lim and Humberto Leon
Tapestry joins Australian relief efforts
The New-York based luxury group has announced a 100 000 US dollars gift from the Coach Foundation to Australian Relief Efforts
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
Retail sales grew by 4% in the US
Retail sales in October increased by 0.2% seasonally adjusted over September and were up by 4.2% unadjusted year-over-year, the National Retail Federation confirmed
Massimo Piombini leaves Balmain
The company's CEO has stepped down after two years in the job. A new CEO is expected to join Balmain in February next year-
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