Luxury
Hermès exceeds 16 billion euros in full-year revenue
The France-based luxury group has surpassed 16 billion euros in revenue in 2025, supported by double-digit growth in its leather goods and saddlery division. Profitability also improved
Saks Global to close nine stores as part of strategic store footprint optimisation
The group of high-end department stores said it would be closing eight Saks Fifth Avenue stores and one Neiman Marcus location as part of a broader plan to restructure and optimise its footprint
Kering posts third straight year of falling sales
Kering has reported its third consecutive year of falling sales in 2025, with Gucci’s sales falling less than expected in the last quarter. A strategy outlining a return to growth is set to be presented in April
New Generation: Catarina Marques from Via Essenza
Catarina Marques, who has a degree in Arts and Design, created the Portuguese slow luxury brand Via Essenza following a 15-year period in LA after becoming a mother
Pieter Mulier appointed chief creative officer at Versace
Belgian fashion designer Pieter Mulier has been appointed as the new Chief Creative Officer at Versace, marking a turning point for the luxury brand following its acquisition by the Prada Group
Capri Holdings reports third quarter results
The US-based group reported a year-on-year decline in revenue in the third quarter, alongside a increase in net income fuelled by balance sheet improvements. Underlying profitability remains under pressure
Ferragamo posts 2025 revenue decline despite fourth-quarter DTC rebound
The Italy-based luxury group saw its revenue decline in 2025. However, direct-to-consumer sales accelerated in the fourth quarter as a result of strategic initiatives in place since the second quarter
LVMH posts resilient performance in 2025
Despite mixed regional performances and a slowdown in fashion and leather goods sales, the France-based luxury conglomerate has ended the year 2025 in a resilient position
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-
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