Luxury
Bottega Veneta CEO set to step down
Kering, the France-based luxury group that owns Bottega Veneta, has announced that the label’s Chief Executive Officer, Bartolomeo Rongone, will be leaving the group on the 31st of March
Burberry grows in the third quarter
The UK-based group reported a 3% year-on-year growth in comparable sales in the third quarter of the 2026 fiscal year, thanks to solid performance in the Asia-Pacific and Greater China regions
Valentino dies aged 93
Italian fashion designer Valentino Garavani has died aged 93. He became synonymous with 'Valentino red', a vibrant shade introduced at the end of the 1950s that went on to define his aesthetic
Richemont posts strong third quarter
The Switzerland-based luxury group has posted a strong performance in the third quarter, with year-on-year growth of 11%, driven by growth across all segments, regions and channels
Saks Global files for Chapter 11 protection
Saks Global, the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for bankruptcy protection while it works to reduce its substantial debt
LVMH reshuffles leadership at Givenchy
Amadine Ohayon is set to take the reins at Givenchy, replacing Alessandro Valenti. Valenti is leaving after just 18 months to take up a senior position at Christian Dior Couture
Saks Global names new CEO as bankruptcy filing looms
The parent company of Saks Fifth Avenue has announced that Richard Baker will now take the helm, while retaining his role as Chairman. This statement comes after accounts of potential preparations for bankruptcy
LVMH acquires Les Editions Croque Futur
The France-based luxury conglomerate has announced its acquisition of the French publishing house Les Éditions Croque Futur, owner of the publications Challenges, Sciences & Avenir and La Recherche
Kering formalizes acquisition process of Raselli Franco Group in stages
The France-based luxury group has announced a staged acquisition of jewellery maker Raselli Franco Group. The deal will begin with the purchase of a 20% stake in the first quarter
Chinese Group HSG Takes Majority Stake in Golden Goose
Under the new ownership structure, Permira will retain a minority stake, Silvio Campara will remain Chief Executive Officer, and Marco Bizzarri is set to become non-Executive Chairman
Kering Foundation launches research programme on violence against women and children
In partnership with McGill University and the Sexual Violence Research Initiative (SVRI), the Kering Foundation is launching a research programme that addresses the intersection between violence against women and children
Pietro Beccari appointed head of LVMH Fashion group
Pietro Beccari, the current chair and CEO of Louis Vuitton, will take on the same roles at the LVMH Fashion Group from the 1st of January, while retaining his position at Louis Vuitton
Prada completes Versace acquisition
The Italy-based luxury group has completed its acquisition of Versace from Capri Holdings for approximately 1.3 billion euros. The deal was announced in April
Global fashion braces for a challenging 2026
According to the latest State of Fashion report, 46% of executives expect industry conditions to worsen in 2026. Tariff pressures and shifting consumer behaviour are key concerns, while artificial intelligence is seen as a major opportunity
New Portuguese leather goods brand enters the market
The Portuguese slow luxury brand Via Essenza creates timeless bags in limited editions of 25 per collection. The first creation, the VIA backpack, is available to pre-order from the brand’s official website-
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