Luxury
Saks Global taps additional 300 million USD from bankruptcy financing package
The multi-brand luxury retailer has drawn an additional 300 million US dollars from its 1.75 billion US dollars Chapter 11 financing package, marking the final pre-emergence tranche and bringing it closer to exiting bankruptcy
Kering appoints Chief Digital, AI & IT Officer
The France-based luxury group has announced the appointment of Pierre Houlès as Chief Digital, AI, and IT Officer, effective immediately. He joined the company from Renault
Ferragamo confirms full-year revenue decline and discloses lower profits
The luxury group has confirmed its 2025 preliminary sales figures, while revealing a decline in profitability in a year marked by brand repositioning and a challenging wholesale environment
Kering creates two group centres of excellence
The France-based luxury group has announced the creation of two new group centres of excellence – Industry and Client – designed to support the operational performance and development of its Houses
Prada group delivers solid full-year results
The Italy-based luxury group delivered solid full-year results in 2025. This performance was due to the resilience of the Prada brand and the continued strong performance of Miu Miu
Golden Goose reports full-year double-digit revenue growth
The Italy-based luxury sneaker company reported a 15% net revenue growth in 2025 as compared to the previous year, driven by the expansion of its direct-to-consumer business
Capri Holdings appoints Tyler Reddien as CFO and COO
The US-based group has appointed Tyler Reddien as Chief Financial Officer and Chief Operating Officer with effect from the 30th of March. He joins the company from The Body Shop
Hermès exceeds 16 billion euros in full-year revenue
The France-based luxury group has surpassed 16 billion euros in revenue in 2025, supported by double-digit growth in its leather goods and saddlery division. Profitability also improved
Saks Global to close nine stores as part of strategic store footprint optimisation
The group of high-end department stores said it would be closing eight Saks Fifth Avenue stores and one Neiman Marcus location as part of a broader plan to restructure and optimise its footprint
Kering posts third straight year of falling sales
Kering has reported its third consecutive year of falling sales in 2025, with Gucci’s sales falling less than expected in the last quarter. A strategy outlining a return to growth is set to be presented in April
New Generation: Catarina Marques from Via Essenza
Catarina Marques, who has a degree in Arts and Design, created the Portuguese slow luxury brand Via Essenza following a 15-year period in LA after becoming a mother
Pieter Mulier appointed chief creative officer at Versace
Belgian fashion designer Pieter Mulier has been appointed as the new Chief Creative Officer at Versace, marking a turning point for the luxury brand following its acquisition by the Prada Group
Capri Holdings reports third quarter results
The US-based group reported a year-on-year decline in revenue in the third quarter, alongside a increase in net income fuelled by balance sheet improvements. Underlying profitability remains under pressure
Ferragamo posts 2025 revenue decline despite fourth-quarter DTC rebound
The Italy-based luxury group saw its revenue decline in 2025. However, direct-to-consumer sales accelerated in the fourth quarter as a result of strategic initiatives in place since the second quarter
LVMH posts resilient performance in 2025
Despite mixed regional performances and a slowdown in fashion and leather goods sales, the France-based luxury conglomerate has ended the year 2025 in a resilient position-
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