Luxury
Capri Holdings returns to profit in the second quarter
Despite lower overall revenue, the US-based luxury brand returned to profitability in the second quarter of the 2027 financial year, supported by improved margins and growth at Jimmy Choo
Hermès grows in the first nine months of 2026
The France-based luxury group has recorded a 6% year-on-year increase in revenue at constant exchange rates in the first nine months of the year. All regions contributed to this growth except the Middle East
Prada Group reports revenue growth in first nine months
Despite a challenging industry backdrop, the Italy-based luxury group achieved year-on-year revenue growth of 4% on an organic basis in the first nine months of 2026
Kering reports mixed third-quarter results as Gucci continues to underperform
The France-based luxury group reported a broadly stable revenue in the third quarter. However, Gucci continued to struggle, with comparable sales falling by 6% year-on-year amid weaker store traffic and tougher comparisons
Ferragamo's nine-month revenue remains stable amid market headwinds
The Italy-based luxury group reported a stable revenue over the first nine months of 2026, with growth in direct-to-consumer sales offsetting a decline in wholesale amid challenging market conditions
US luxury spending declines for third consecutive month
US luxury spending fell for the third consecutive month in September, pointing to continued weakness in demand for high-end goods, according to Citi credit card data reported by Reuters
Kering and LVMH strengthen model protection charter
The updated charter raises the minimum age of models representing adults to 18, and introduces stricter measures to combat harassment, abuse, and discrimination
LVMH posts mixed nine-month results
The luxury conglomerate reported a 2% year-on-year organic revenue growth in the first nine months of the year, while Fashion & Leather Goods sales fell further in the third quarter due to weaker demand in China
Golden Goose appoints new Chief Consumer Officer
The Italy-based luxury sneaker company has appointed Giorgio Belloli as Chief Consumer Officer. He succeeds Danilo Piarulli, who left the company earlier this year
Golden Goose posts double-digit growth in the first half
The Italy-based group recorded a 15% year-on-year increase in revenue during the first half of 2026, driven by double-digit growth across all regions and strong DTC performance
Kering promotes Sophie Maddaloni to General Secretary
The luxury group has appointed Sophie Maddaloni as General Secretary of the Group, placing her on the Executive Committee and giving her oversight of the legal, control, audit and security functions
Frasers Group acquires Harvey Nichols
Frasers Group has officially acquired the UK-based loss-making luxury department store chain Harvey Nichols out of administration, gaining control from businessman Dickson Poon
Capri Holdings lowers full-year revenue outlook
The US-based luxury group has lowered its revenue outlook for the 2027 financial year, citing inventory delays at Michael Kors, weaker trends in the EMEA region, and unfavourable foreign exchange rates
Ferragamo returns to profit
The Italy-based luxury group has returned to profitability in the first half of 2026, supported by an improved operational performance and stronger direct-to-consumer net sales
Prada reports solid first-half performance
Despite the ongoing geopolitical uncertainty, the Italy-based luxury group has reported a year-on-year revenue growth of 16% on a constant currency basis and 5% on an organic basis in the first half of 2026-
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