Leather goods
Michael Kors performs above expectations
The London-based global fashion luxury group announced its financial results for the first quarter. Growth marked the period. Jimmy Choo results were stronger than initialy anticipated
Ferragamo revenue continues to decline
The Italy-based luxury brand Salvatore Ferragamo has announced another quarter with declining revenue. The Board of Directors gathered to approve the set of results for the period and announced a new CEO for the company
Manu atelier expands from handbags to footwear
Turkish handbag label Manu Atelier has announced it will expand into the footwear sector, starting from its inaugural collection which will debut next Fall and will be presented during Paris Fashion Week in October
Hermès with strong sales growth
The French-based luxury group announced consolidated revenue for the first half of 2018 amounting to 2.853 billion, up by 11% at constant exchange rates and by 5% at current exchange rates. Sales growth was solid and particularly sound in the group's stores (+11% at constant exchange rates)
Richemont sells Lancel to Piquadro
Switzerland-based luxury goods holding company Compagnie Financiere Richemont SA confirmed it has sold its French leather-goods subsidiary Lancel to Italian-based company Piquadro SpA
Gucci sets ambitious target
Kering's flagship brand, has set a bold goal for next year as it is expecting to cross the 10 billion euros threshold for its revenue
Belcinto, the unique legacy of craftmanship
The leather goods company based in São João da Madeira, in the north of Portugal, aims to distinguish itself by making products with a soul
Michael Kors exceeds expectations for revenue
The UK-based luxury group announced its financial results for 2018 fourth quarter and fiscal year, ended on the 31st March 2018. Expectations for revenue in the period were surpassed
Shopping in the UK is getting digitally accompanied
A market report by PCMS* called Navigating Modern Retail – How to engage shoppers in 2018 was published, revealing shopping journeys consumers like to enjoy in stores. Digital seems to be moving inside the brick-and-mortar
LVMH invests in luxury platform Lyst
Fashion research platform Lyst announced the participation of the LVMH group in a new round of funding. Although the details of the deal have not been revealed, investment should amount to 50 million euros
Tapestry announces departure of Creative Director
The New York-based house of luxury accessories and lifestyle brands, announced the resignation of Stuart Weitzman Creative Director Giovanni Morelli. The company has commenced a search for a new creative leader
20th UITIC Congress surpasses expectations
It ended last Friday, with an extremely positive balance, the largest International Technical Footwear Congress. For one week, over 540 footwear professionals, coming from 33 countries, gathered in Porto
Michael Kors with Ramadan collection
The London-based global fashion luxury group announced its second Ramadan collection, as demand for fashion during the holy period increases
Burberry's new strategic investment
The London-based global luxury brand Burberry announced it has entered into an agreement to acquire a luxury leather-goods business from longstanding Italian partner CF&P
Leather industry in Bangladesh with downward trend
According to the Leathergoods & Footwear Manufacturers & Exports Association of Bangladesh, the first eight months of the year were marked by declining exports in the Leather and Footwear Industry-
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