World Footwear

Luxury

Burberry sees a slower revenue drop in the first quarter

Jul 23, 2025 / United Kingdom
The UK-based luxury company reported a 6% decline in revenue in the first quarter of its current fiscal year, but highlighted improvements in comparable retail sales in all regions

Loro Piana placed under court administration in Italy over worker exploitation

Jul 18, 2025 / Italy
The luxury cashmere label owned by LVMH has been placed under judicial administration for a year due to suspected worker exploitation and insufficient oversight within its supply chain

Prada acquires a 10% stake in the Rino Mastrotto leather group

Jun 18, 2025 / Italy
The Italian luxury group will hand over two tanneries to Rino Mastrotto, as well as an unspecified cash investment. This will enable Prada to exert greater control over its production process

Luca de Meo appointed Chief Executive Officer of Kering

Jun 18, 2025 / France
The CEO of the automotive group Renault has been appointed to the role of Chief Executive Officer of the luxury group Kering, marking a change in the company’s governance

Golden Goose reports double-digit growth in the first quarter

Jun 5, 2025 / Italy
The Italy-based luxury sneaker company reported double-digit growth in the first quarter of the year, driven by the successful performance of the DTC channel across all regions

Capri Holdings posts wider net loss in the fourth quarter

May 29, 2025 / United States
The US-based luxury group posted a wider net loss in the fourth quarter of fiscal year 2025 as it continues to execute initiatives aimed at returning to growth. The upcoming sale of Versace is expected to help reduce debt

Weak Asia Pacific demand drags down Ferragamo’s first quarter revenue

May 22, 2025 / Italy
The Italy-based luxury group reported a 2.6% decrease in revenue in the first quarter of 2025, compared to the same period last year, driven by weak demand in the Asia Pacific region

Tapestry raises full year outlook

May 14, 2025 / United States
The owner of Coach, Kate Spade, and Stuart Weitzman (whose sale is expected to be finalised in the summer) has reported strong performance in the first quarter, raising the outlook for the full year

Strong first quarter for the Prada group

May 7, 2025 / Italy
The Italy-based luxury group reported a strong first quarter, with growth in all regions despite a complex macro environment. The Miu Miu brand continues to thrive

Hermès continues to expand its production capacity

Apr 28, 2025 / France
With the opening of a new leather workshop in Normandy, which will ultimately create 260 new jobs for craftsmen, the French luxury group is reaffirming its commitment to expanding its production capacity

Gucci continues to be a drag on Kering’s performance

Apr 24, 2025 / France
The France-based luxury group has reported a weak first quarter. Gucci continues to weigh down on its performance, with revenue down on a reported basis by 24% year-over-year

Jonathan Anderson takes over Dior menswear helm

Apr 23, 2025 / France
Jonathan Anderson has been appointed artistic director of Dior's menswear line, the house has confirmed. He succeeds Kim Jones, who stepped down in January

Hermès continues to outperform the sector, but growth slows

Apr 21, 2025 / France
The French luxury group continues to outperform the sector, but its growth has slowed in the first quarter, as compared to the prior quarter. US prices to rise from May due to the impact of tariffs

LVMH reports drop in revenue in the first quarter

Apr 16, 2025 / France
Amid a disrupted geopolitical and economic environment, the France-based luxury conglomerate has reported a decline in first quarter revenue. Europe was the only region to grow

New CEOs at Fendi, Kenzo and Louis Vuitton China

Apr 9, 2025 / France
The France-based luxury conglomerate LVMH has appointed Ramon Ros as CEO of Fendi, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as regional president of Louis Vuitton for mainland China
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