Accessories
Cedric Wilmotte appointed CEO of Michael Kors
Capri Holdings has announced that Cedric Wilmotte, currently Versace's Chief Operating Officer, will assume the role of Chief Executive Office of Michael Kors, effective 3rd of April
Burberry reports rise in sales despite weaker performance in China
The luxury group posted double-digit revenue growth in the third quarter of fiscal 23, excluding the impact of China, where COVID-19-related disruption continued to affect the business
Dune London expands retail footprint worldwide
With international sales representing 26% of its total revenue, the British footwear and accessories brand is planning to expand its presence across the Middle East, Asia, and the Americas
Caution rises as we step into 2023
Following the slump caused by the COVID-19 pandemic, in 2021, most fashion brands and retailers equalled or even exceeded their pre-pandemic performances. But 2022 will hardly be a forgettable year: the world’s inflation hit levels not seen since the early 80s, leading to a sharp hike in interest rates, Russia’s ceased to be a viable market for Western brands after its invasion of Ukraine on the 24th of February, and China’s economy slowed down due to the country’s zero COVID-19 policy. And yet, despite the worst projections, for the better part of the year, the fashion industry prevailed. Nevertheless, as we enter 2023 with a global recession still on the table, it is worth looking into the year-to-date results of some of the largest companies worldwide to understand the current situation
Marita Moreno opens sustainable concept store
Downtown Porto is the new home of the sustainably-focused Portuguese brand. Located at the Village by BOA Hotel, at Bonjardim street, the space features an assortment of various brands curated by Marita Moreno
Steve Madden cuts full year outlook
Despite a revenue increase in the third quarter of 2022, the US-based designer and marketer of footwear, accessories and apparel for women, men and children lowered its full year outlook
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
MICAM and sisters fairs announce dates for next edition
MICAM, MIPEL, and TheOneMilano will once again be held together from the 19th through the 22nd of February 2023, overlapping with the dates of Lineapelle and HOMI Fashion&Jewels
Secondhand market tripled in size since 2020
The estimated value of the apparel, footwear, and accessories resale market is now between 100 and 120 billion USD worldwide, more than three times the size it had two years ago
Burberry appoints Daniel Lee as new Chief Creative Officer
Daniel will join Burberry on the 3rd of October 2022. He will be based at Burberry’s headquarters in London and report to Chief Executive Officer, Jonathan Akeroyd
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”-
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