Accessories
Kering with sales slowdown
Quarterly revenue at the French-based luxury group was down by 4.8% on a comparable basis to 4 billion euros, while sales at Gucci, the main segment of the Kering's revenue, contracted by 10.3% to 2.3 billion euros
Prada with recovery in December to 2019 levels
The Italian luxury group has announced progressive volume recovery in all geographical areas, with marked revenue growth in Asia Pacific. Prada also confirmed a full recovery to 2019 levels in the month of December
Tapestry: sales fall by 7% in holiday quarter
The New York-based house of modern luxury accessories and lifestyle brands reported results for the fiscal second quarter ended on the 26th of December 2020. Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman registered a 7% decline in sales during the last quarter of the year
5th edition of CEC's International Footwear Forum gathers 25 associations
The European Footwear Confederation (CEC) organised the fifth edition of the International Footwear Forum (IFF) on the 2nd of February 2021. Held virtually, the IFF brought together 25 associations from 24 countries across the globe to discuss current common challenges for the footwear industry
LVMH completes the acquisition of Tiffany & Co.
The luxury group announced that it has completed the acquisition of Tiffany & Co., the global luxury jeweller. The acquisition of this iconic US jeweller will transform LVMH’s Watches & Jewellery division and complement LVMH’s 75 distinguished Maisons
Chloé appoints Gabriela Hearst Artistic Director
The Richemont-owned French luxury fashion house announced the appointment of Gabriela Hearst to the position of Artistic Director after making official the departure of Natacha Ramsay-Levi last week
Tapestry: Pam Lifford and Thomas R. Greco join Board of Directors
The New York-based house of modern luxury accessories and lifestyle brands announced that Pam Lifford and Tom Greco have been appointed to Tapestry’s Board of Directors. This brings the Board Membership to Ten
By the Book: more than a backpack, a concept
An idea materialized in a piece and one clear goal: to make a difference by giving meaning to an object. And in this way, By the Book was born, a new brand of accessories that promises to make a difference in the market
More changes at Mulberry are underway
Last month, Mulberry announced plans to cut a quarter of its global workforce. Now, the British brand specialized in luxury handbags, should be about to close the offices in Paris and Hong Kong
New Generation: meet Flávio Ferreira
Flávio Ferreira has a background in Mechanical Engineering and works at Bolflex since 2015, but this being the family business he has been close to the growth and development of the company since a young age
New appointment to Richemont Senior Executive Committee
Philippe Fortunato has been nominated to head the fashion and accessories division of the luxury group, which includes brands such as Chloé, Dunhill or Montblanc, amongst others
Expo Riva Schuh & Gardabags: winter edition brought forward to December 2020
Riva del Garda Fierecongressi has established the new dates for the next edition of Expo Riva Schuh and Gardabags: 11th-14th December 2020, wishing to give a positive impulse towards a return to commercial exchange at international level
It’s impossible to do good external promotion without going to trade shows
Orlando Soares from Portuguese-based Malas Peixoto Soares, a leather goods company with 70% of the production destined to exports, talks about the role played by external promotion in the growth of the company
JCPenney to close 242 locations
According to a filing with the Securities and Exchanges Commission, retailer J.C. Penney, which recently filed for bankruptcy protection, plans to close more than 200 locations
Tod's with 29.4% drop in sales
The Italian-based luxury group had a strong start of the year, until the outbreak of the pandemic. Group sales totaled 152.8 million euros in quarter one, down by 29.4% in the first quarter of 2019-
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