Luxury
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
Burberry shows signs of recovery
A 2% year-on-year increase in comparable sales in the second quarter of its financial year was reported by the UK-based luxury group. Growth in Greater China also resumed during this period
Hermès takes a minority stake in the Italian cashmere maker Lanificio Colombo
As part of its strategy to strengthen vertical integration, the French luxury group has acquired a 15% stake in the Italian manufacturer of cashmere and other noble fibres Lanificio Colombo
Coach fuels Tapestry’s growth
The US-based accessible luxury group has got off to a strong start in the 2026 financial year, reporting higher-than-expected revenue and earnings. This was primarily driven by significant growth at Coach
Capri Holdings refocuses on Michael Kors and Jimmy Choo
Following an encouraging set of second quarter results, which saw improvements in revenue, gross margin and operating income, the US-based luxury group is preparing for life after Versace
Ferragamo hints at turnaround after flat third quarter
Despite its nine-month performance to date, the Italy-based luxury group has hinted at a turnaround following a flat third quarter of net sales, driven mainly by the performance of DTC across regions
Prada Group sales rise in the first nine months
The Italy-based group reported year-on-year net revenue growth of 9% in the first nine months of the year. This was driven by the Miu Miu brand, which saw a 41% year-on-year rise in retail sales during the period
Hermès posts solid nine-month performance
The France-based luxury group posted a solid performance in the first nine months of the year, driven by sustained momentum in the third quarter, particularly in Europe, the Americas and Asia
Giuseppe Marsocci appointed CEO of Giorgio Armani Group
Giuseppe Marsocci, a seasoned Armani fashion group executive, has been appointed as Chief Executive Officer of the company, with immediate effect
Kering reports quarter-on-quarter improvement
The France-based group reported a sequential improvement in its latest quarter, reducing its revenue decline. Gucci also performed slightly better, thanks to stronger momentum in North America and Western Europe-
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