World Footwear

Luxury

Maison Margiela appoints Glenn Martens as creative director

Feb 5, 2025 / France
The OTB-owned luxury brand has found a successor to John Galliano, who left the label in December. Glenn Martens is the new creative director at Maison Margiela

Golden Goose announces new investor

Feb 5, 2025 / Italy
The luxury sneaker company has announced that the Hong Kong-based Blue Pool Capital, founded by Alibaba Group co-founder and chairman Joe Tsai, has acquired a 12% stake in the company

Ferragamo CEO Marco Gobbetti leaves amid slowing sales

Feb 5, 2025 / Italy
The Italy-based luxury group has announced the departure of CEO Marco Gobbetti, shortly after reporting lower preliminary sales for the fourth quarter and full year 2024

Stella McCartney buys back LVMH’s minority stake in her namesake label

Feb 3, 2025 / United Kingdom
The fashion designer is buying back LVMH’s minority stake in the house she founded, but will continue to advise the group on sustainability issues, the two companies announced

LVMH reports stable performance after a difficult year in 2024

Jan 29, 2025 / France
Amidst a challenging global economic environment, the France-based luxury group has reported stable 2024 results, highlighting a slight acceleration in growth in the fourth quarter

Strong third quarter for Richemont

Jan 22, 2025 / Switzerland
The Swiss-based luxury group has reported a strong third quarter, underpinned by double-digit growth in all regions except Asia, where Mainland China remains the weak spot

Macy’s to close 66 stores as part of turnaround strategy

Jan 14, 2025 / United States
The US department store chain has confirmed the closure of 66 stores as part of its Bold New Chapter strategy, which aims to return the company to sustainable, profitable sales growth

New Generation: Armando Cabral

Jan 6, 2025 / Portugal
He appeared as a model at an early age and walked the world’s most important catwalks. Now, he is taking his first steps on the business side, with the opening of his new store on Fifth Avenue in New York. This is Armando Cabral

Saks completes the acquisition of Neiman Marcus

Dec 30, 2024 / United States
For a total enterprise value of 2.7 billion USD, the luxury retail and real estate company Saks Global now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH

Bottega Veneta appoints Louise Trotter as Creative Director

Dec 19, 2024 / France
The British designer will succeed Matthieu Blazy at the creative leadership of the luxury label, parent company Kering and Bottega Veneta announced in a joint release

John Galliano leaves Maison Margiela

Dec 16, 2024 / France
The renowned British designer will leave the OTB-owned luxury brand, bringing to an end a successful 10-year collaboration. His next move remains unknown

Kering leads the fashion industry with science-based targets for nature

Dec 4, 2024 / France
The French group became the first fashion company to set measurable science-based goals for reducing water use and land footprint, including both its direct operations and supply chain

Stuart Weitzman and Swarovski unite for new holiday collection

Dec 3, 2024 / United Kingdom
Stuart Weitzman partnered with Swarovski Creators Lab to release crystal-adorned Stuart Power Shine pumps, a limited-edition collection combining craftsmanship and luxury fashion

Mulberry cuts jobs amid efforts to turn around the business

Dec 2, 2024 / United Kingdom
The British luxury handbag company has cut dozens of jobs as part of a major shake-up to turn the business around, after a sales plunge of 19% in the six months to December

Global luxury spending to hold steady in 2024

Nov 29, 2024 / World
Growth in luxury experiences and shrinking demand for luxury goods highlight a shift in consumer priorities as brands navigate changing market dynamics and regional challenges
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