World Footwear

Luxury

Gucci rises up prices of handbags

Jun 30, 2020 / Italy
Popular items of the brand, the Dionysus and the Zumi handbags, are now more expensive. Jefferoes International reports they now cost up to 9% more

50% of luxury firms may be at risk

Jun 22, 2020 / United States
Daniel Langer, Chief Executive of Luxury, Lifestyle and Consumer Brand Strategy from firm Équité, believes half of the luxury brands around the world will fail to survive the COVID-19 crisis

Capri gives update regarding phased reopening of global stores

May 28, 2020 / United Kingdom
After taking the hit of the diffusion of Covid-19 and having most stores closed across the world, Capri now has slightly more than half of the company’s global retail fleet of stores open

Burberry: sales decline by 27% in the last quarter

May 28, 2020 / United Kingdom
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%

Gucci is going seasonless

May 27, 2020 / Italy
The announcement was made by Alessandro Michele, the brand’s Creative Director, using Gucci’s Instagram page

Picard calls for creditors’ protection

May 21, 2020 / Germany
The Germany-based leather goods label has moved to ask for creditors' protection. The company took the hit of the Covid-19 crisis as most of the retail locations with their products are now closed

Richemont with two-digit sales drop

May 18, 2020 / Switzerland
The luxury group closed the financial year with a 2% growth in sales, but the last quarter (ended 31st March 2020) was heavily impacted by Covid-19

Burberry says it will not apply for British state crisis money to pay salaries

May 5, 2020 / United Kingdom
With the UK under lockdown given the Covid-19 pandemic, many companies have taken advantage of the state job retention scheme. Burberry has said it won't take any of this cash

Kering announces quarter heavily impacted by Covid-19

Apr 27, 2020 / France
The luxury group has announced consolidated revenue in the first quarter of 2020 of 3 203.2 million euros, down by 15.4%, as reported (-16.4% on a comparable basis)

LVMH says its first quarter showed good resilience

Apr 24, 2020 / France
The French-based luxury group recorded revenue of 10.6 billion euros for the first quarter of 2020, down by 15% compared to the same period in 2019 and down by 17% on an organic basis

LVMH cancels prize final and launches solidarity fund

Apr 17, 2020 / France
As a result of the Covid-19 pandemic, the final of the 7th edition of the LVMH Prize for Young Fashion Designers, originally scheduled on 5th June 2020 at the Louis Vuitton Foundation, has been cancelled

Tapestry stores continue closed in many locations but China re-opened

Apr 14, 2020 / United States
Tapestry has extended store closures in North America and Europe for an additional two weeks (through the 24th of April). Stores in China have re-opened

Sergio Rossi dies at 84

Apr 3, 2020 / Italy
Unanimously named a footwear legend Italian Sergio Rossi has built a successful luxury footwear brand and has inspired generations of designers

Chanel workshops to make face masks

Mar 27, 2020 / France
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country

Burberry expects 30% drop in sales

Mar 27, 2020 / United Kingdom
The British-based luxury brand is already forecasting the hit from the impact of the Covid-19 pandemic. Burberry announced it is expecting a 30% decline in sales for the first quarter of 2020
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