World Footwear

Luxury

Slow start to 2024 for LVMH

Apr 17, 2024 / France
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024

Italian fashion designer Roberto Cavalli dies at 83

Apr 17, 2024 / Italy
Roberto Cavalli has died aged 83, his company has announced. One of the biggest names in fashion, the Italian designer was known for his excess, particularly his animal-print designs

Luxury hit the brakes in 2023

Premium ContentApr 16, 2024 / World
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand

Golden Goose posts double-digit growth

Apr 15, 2024 / Italy
Ahead of its initial public offering (IPO), the Italian-based luxury brand, known for its Superstar sneakers and distressed styles, has posted an 18% year-on-year net sales growth in 2023

New deputy CEO for Gucci

Apr 12, 2024 / Italy
Kering, the French-based luxury group that owns Gucci, has appointed Stefano as deputy chief executive officer of the Italian house. The move comes amid efforts to revive Gucci

Alessandro Michele named creative director of Valentino

Apr 1, 2024 / Italy
The Italy-based Maison has appointed Alessandro Michele as Creative Director, as of the 2nd of April. The news ends months of speculation as to where Michele would re-emerge after he left Gucci

Zegna Group to build a new footwear factory

Mar 29, 2024 / Italy
The Italy-based fashion luxury group will open a new footwear and leather goods factory in Parma to expand its production capacity and promote and enhance Italian craftsmanship

Toni Belloni to step down as LVMH Group’s Managing Director

Mar 28, 2024 / France
After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April

Kering warns of a 20% slump in Gucci sales for the first quarter

Mar 20, 2024 / France
The French-based luxury group has issued a preliminary statement for the first quarter, warning of a 10% drop in sales, led by its star house Gucci

Prada’s full year profits surge by 44%

Mar 11, 2024 / Italy
The Italian-based group ended 2023 with a 17% growth in revenue and a 44% rise in profits, as compared to the previous year, boosted by the desirability of its Prada and Miu Miu brands

Farfetch CEO José Neves steps down

Feb 19, 2024 / United Kingdom
Following Farfetch’s acquisition by South Korea’s Coupang in December, José Neves, who founded the luxury e-commerce platform in 2008, is stepping down from the CEO role

Hermès posts full year revenue growth

Feb 14, 2024 / France
The French-based luxury group reported “an outstanding performance” across all regions in 2023, with total revenue up by 21% year-on-year at constant exchange rates to 13.42 billion euros

Capri’s performance hit by weak consumer demand

Feb 13, 2024 / United Kingdom
The parent company of Versace, Michael Kors and Jimmy Choo continued its downward trend in the third quarter of fiscal 2024, mainly due to slower consumer demand in the Americas region

Kering’s revenue declines after trying 2023

Feb 8, 2024 / France
The French-based luxury group has reported a 4% year-on-year decline in revenue in 2023, driven by weak performances of all its main Houses. Fourth quarter also disappointed

Tod’s posts strong 2023 results

Feb 2, 2024 / Italy
The Italian-based luxury group delivered a strong performance in 2023, highlighting the double-digit revenue growth at constant exchange rates across all its brands, as compared to 2022
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