World Footwear

Luxury

Hermès posts strong first quarter

Apr 19, 2023 / France
The French-based luxury group posted a revenue growth of 23% at constant exchange rates and 22% at current exchange rates in the first quarter of 2023, year-over-year, reaching 3.38 billion euros

Gucci and Burberry join platform that aims to promote smart consumption

Apr 18, 2023 / United Kingdom
The two luxury brands have joined a new platform launched by the tech start-up Labell-D that aims to help consumers protect the value of their luxury products through validated pricing

Nordstrom expands board of directors

Apr 18, 2023 / United States
The Seattle-based chain of department stores has announced the appointment of Erik Sprunk, former Chief Operating Officer of Nike, to its board of directors, which has now 11 directors

LVMH announces first quarter results

Apr 13, 2023 / France
The luxury group has reported a revenue growth of 17% (also organically) in the first quarter of 2023 to 21.04 billion euros, year-over-year, highlighting the rebound experienced in China

French Clergerie files for receivership

Apr 5, 2023 / France
As the relaunch under the new parent company French Legacy Group in 2020 failed to get off the ground due to the long-term effects of the pandemic and war in Ukraine, the luxury shoe brand filed for court protection

Neiman Marcus partners up with Christian Louboutin

Apr 4, 2023 / United States
The renowned footwear designer created a collection for the summer called ‘A La Piscine’ (‘At the swimming pool in French’) exclusively for the US-based luxury retailer’s customers

Gucci launches new deadstock and resale programmes

Mar 30, 2023 / Italy
The luxury House has launched the initiatives Gucci Preloved with Vestiaire Collective and Gucci Continuum, featuring redesigned deadstock materials, as part of its ongoing circularity efforts

Kering sets new GHG emissions reduction target

Mar 23, 2023 / France
The French-based luxury group has announced a commitment to reduce its absolute greenhouse gas emissions (GHG) by 40% by 2035, covering scopes 1, 2 and 3 of the GHG protocol

Burberry names new CFO

Mar 20, 2023 / United States
The British label has announced that Kate Ferry, currently Chief Financial Officer of the McLaren Group, will join Burberry by early September 2023 to occupy the same role in the company

Prada reports annual revenue growth of 21%

Mar 15, 2023 / Italy
The Italian-based luxury group reported a net sales growth of 21% in 2022 over the prior year. Both the Prada and Miu Miu brands performed “strongly”

Ferragamo confirms full year 2022 results

Mar 13, 2023 / Italy
The Italian-based luxury group recorded revenue growth of 10.2% in 2022 over the prior year, reaching 1.25 billion euros, with sales growing in all regions except for Asia Pacific

Nike and Tiffany team up on sneaker collab

Mar 10, 2023 / United States
The sportswear giant and the jewellery specialist have released Nike's Air Force 1 1837 style, a nod to the year Tiffany was founded. The collab includes a limited-edition sterling silver accessories collection

Tod's and Lamborghini announce partnership

Mar 2, 2023 / Italy
The luxury group and the manufacturer of sports cars have announced an exclusive collaboration, “with an undisputed Italian touch”, across an extensive range of products

Farfetch's CFO to step down by the end of 2023

Mar 1, 2023 / United Kingdom
The luxury e-tailer has announced that Elliot Jordan will step down from his role as Chief Financial Officer by the end of 2023. Meanwhile, Farfetch will initiate the search for a successor

Farfetch: growth slowed down in the fourth quarter of 2022

Feb 27, 2023 / United Kingdom
Despite achieving a record full year revenue, the luxury online retailer reported a fourth quarter 5% revenue decline and a 12% GMV decrease, as compared to the same quarter of fiscal 2021
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