Luxury
Sergio Rossi to join Milan’s Spiga 26 hub
The Italian luxury footwear brand is the second tenant of the real estate project, located at the heart of Milan’s fashion district. The store is expected to open in the spring of 2022
Capri on the way to achieving full LWG certified sourcing
The group has said in its 2021 corporate social responsibility report that 85% of the leather sourced by its brands came from Leather Working Group (LWG) gold and silver-rated tanneries
Ownever: the new Portuguese brand of luxury handbags
Born in March 2021, Ownever intends to ensure classic and timeless designs that can last a lifetime. To that effect, it has launched a unique edition with 136 years of warranty
Farfetch partners up with Clipper Logistics
The luxury platform has established a joint venture with the lead provider of e-fulfilment and returns management services to offer a global e-commerce fulfilment solution for luxury brands
Burberry reports revenue growth
The UK-based luxury group has announced the results for the first half of fiscal 2022. Revenue returns to pre-pandemic levels, as full-price sales grow at a double-digit percentage
Tapestry raises full-year outlook
The New York-based luxury group, owner of Coach, Kate Spade and Stuart Weitzman, announced revenue growth of 26% in the first quarter of fiscal 2022, totalling 1.48 billion US dollars
Ferragamo reports solid growth
The Italian-based luxury group announced revenue growth of 33.9% in the first nine months of 2021, reaching 785 million euros, driven by sales in the United States and Asia Pacific region
Steve Madden with revenue increase
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children has reported revenue of 528.7 million US dollars in the third quarter of 2021
Farfetch launches new label
The luxury e-commerce platform has launched its first private label. Produced with sustainability and longevity in mind, the There Was One line will be exclusively sold on Farfetch.com
Hermès reports strong growth
In the third quarter of 2021, the group’s consolidated revenue totalled 2.37 billion euros driven by an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia
Kering reports solid revenue growth
The luxury group announced a steady revenue growth in the third quarter of 2021, reaching 4.19 billion euros, up by 12.2% as compared to the same period of 2020. Gucci decelerates
Jonathan Akeroyd to leave Versace
Global fashion luxury group Capri announced that Jonathan Akeroyd will be stepping down as Chief Executive Officer of Versace to pursue another opportunity, enabling him to return to the United Kingdom and be closer to his family
A growing mode Capri will announce second quarter results in a month
The global fashion luxury group, owner of brands Michael Kors, Jimmy Choo and Versace, will disclose the results for the second quarter of the fiscal year 2022 on the 3rd of November
New members added to Ferragamo's Board of Directors
The Board of Directors of the Florence-based luxury group has appointed by co-optation Frédéric Biousse and Annalisa Loustau Elia as Independent Directors
LVMH plans to recruit 25 000 young people by the end of 2022
The luxury group is launching several initiatives to provide access to training and employment for young people, under the age of 30, from all backgrounds-
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