Luxury
Capri Holdings returns to profitability despite annual revenue decline
Despite lower revenue, the US-based luxury group behind Michael Kors and Jimmy Choo has reported a return to profitability in fiscal 2026, reflecting gains from its strategic turnaround initiatives
Golden Goose off to a strong start in 2026
The Italy-based luxury sneaker company started 2026 with a solid year-on-year revenue growth of 10% in the first quarter, thanks to strong direct-to-consumer performance in key markets
Tapestry awarded US patent for AI platform Mira
The US-based luxury group has been awarded a US patent for Mira, its artificial intelligence platform designed to integrate company data and facilitate quicker decision-making
Richemont posts solid full-year results
The Switzerland-based luxury group has reported solid sales growth in the 2026 financial year. All regions grew, particularly the Americas and the Middle East and Africa
Tod’s CEO steps down
John Galantic, the Chief Executive Officer of the Italian luxury goods company Tod’s, stepped down from his position after joining the company in September 2024
Ferragamo reports first-quarter sales drop
The Italy-based luxury group reported a slight decline in revenue in the first quarter of 2026. Growth in its direct-to-consumer channel helped offset ongoing weakness in wholesale amid a challenging global environment
WHP Global to acquire Marc Jacobs from LVMH
The France-based luxury conglomerate has reached a definitive agreement to sell Marc Jacobs to WHP Global, the parent company of Vera Wang, G-Star and Rag & Bone
Tapestry raises full-year outlook
The US-based accessible luxury group has reported strong third-quarter results, marked by a strong performance at Coach. As a result, the group raised its full-year outlook
Alameda Turquesa arrives at The Devil Wears Prada
The Portuguese luxury brand Alameda Turquesa has reached a new milestone, with its handbags featuring in the film The Devil Wears Prada 2. This appearance further strengthens the brand’s international presence
Saks Global moves closer to exiting bankruptcy
The US multi-brand luxury retailer is one step closer to exiting Chapter 11 bankruptcy protection, having received court approval for its disclosure statement. This will allow creditors to vote on its restructuring plan
Prada reports first-quarter growth
Despite a disrupted environment, the Italy-based luxury group reported a 3% organic growth in the first quarter of the year, supported by a solid performance in the Asia-Pacific and Americas regions
Ferragamo appoints Fabrizio Freda as Special Strategic Advisor
Ferragamo Finanziaria, the holding company of the Ferragamo family and the controlling shareholder of the luxury group, has appointed the former CEO of The Estée Lauder Companies as Special Strategic Advisor
Kering takes minority stake in Icicle owner ICCF
The France-based luxury group has acquired a minority stake in Chinese fashion group ICCF, best known for its flagship brand Icicle, as part of a partnership between the two companies
Hermès grows, but momentum eases in the first quarter
The France-based luxury group reported solid growth in the first quarter of 2026. Geopolitical tensions in the Middle East and uneven regional trends had a negative impact on performance
Kering signals slow recovery despite Gucci’s weakness
The France-based luxury group has reported early signs of recovery. However, growth across several of its Houses has been partly offset by continued weakness at its flagship label, Gucci-
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