Luxury

Hermès returns to growth

Oct 27, 2020 / France

Sales in the third quarter (+7% at constant exchange rates and +4% at current exchange rates) are driven by strong activity in the group's stores (+12% at constant exchange rates), the momentum in Asia and a significant improvement in all other geographical areas

Companies Footwear France Hermès Leather Leather goods Luxury Quarter Results Results Sales

Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping

Oct 26, 2020 / United Kingdom

The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year

Brands Companies Coronavirus - Covid19 Footwear Luxury Management Tax United Kingdom

Kering overcomes expectations despite 4.3% sales decline

Oct 23, 2020 / United States

The luxury group announced consolidated revenue in the third quarter of 2020 of 3 717.7 million euros, down by 4.3% as reported. Double digit growth in North America and Asia-Pacific contributed to the period's performance

Brands Companies Footwear Kering Leather goods Luxury Quarter Results Results Sales Shoes United States

LVMH: fashion and leather goods division with improved revenue

Oct 21, 2020 / France

The luxury group recorded revenue of 30.3 billion euros in the first nine months of 2020, down by 21%. Revenue was down by 7% in the third quarter, reflecting an improvement in trends, with a return to growth in the Fashion & Leather Goods segment

Brands Companies France Leather goods Luxury LVMH Quarter Results Results Shoes

Ennio Fontana takes on the leadership of Roberto Cavalli

Oct 21, 2020 / Italy

The Italy-based company confirmed the appointment of Ennio Fontana as their new General Manager. Ennio Fontana, who worked for twenty years alongside Philipp Plein, is now taking over the reins of Roberto Cavalli

Brands Companies Italy Luxury Management People

COVID-19 intensifies Mulberry's losses

Oct 16, 2020 / United Kingdom

The UK-based handbag and accessories retailer has been hit particularly hard by COVID-19. When announcing last year's results, Mulberry confirmed a 10% decline in revenue

Brands Companies Fashion Luxury Shoes United Kingdom

Pitti Uomo returns to physical format in January

Oct 16, 2020 / Italy

After cancelling all physical events throughout 2020 given the COVID-19 pandemic, Pitti Immagine announced the next edition will return to physical format

Companies Events Italy Luxury Social Trade fairs

Ralph Toledano re-elected President of the Fédération de la Haute Couture et de la Mode

Oct 14, 2020 / France

The General Assembly of the Chambre Syndicale de la Haute Couture extended the mandate of Ralph Toledano as President of the Chamber for 2 years

Fashion Footwear France Luxury Management Organisations People

Chanel buys majority stakes in shoemaker Ballin and tannery Gaiera

Oct 9, 2020 / France

Chanel continues to reinforce its network of suppliers as it acquires majority stakes in Italian luxury shoemaker Ballin and tannery Conceria Gaiera Giovanni

Acquisitions Companies Footwear France Leather Leather goods Luxury Production Shoes

Hermès confirms new factory in Auvergne

Sep 23, 2020 / France

With this announcement, the brand reaffirms its regional anchor in the Auvergne region. The new workshop will join the Maroquinerie de Sayat to form Hermès seventh leather goods hub. 250 jobs due to be created

Companies Coronavirus - Covid19 Employment France Leather goods Luxury Production

Prada reports sales in China far exceeding 2019 levels

Sep 21, 2020 / China

Sales by the Italian luxury goods group have rebounded strongly in China since the stores reopened and, to date, have recorded higher levels than last year, as reported to Reuters by Prada's Chief Executive Officer, Patrizio Bertelli

China Companies Coronavirus - Covid19 Footwear Italy Luxury Prada

Maison Margiela and Reebok in multi season partnership

Sep 21, 2020 / France

The Paris-based luxury house and the sports giant, owned by adidas, have entered into a partnership, which will focus on expanding the limits of footwear, inspired by our collaboration dedicated to experimental and progressive craftsmanship

Brands Companies France Luxury Partnerships Reebok

CEO of Roberto Cavalli to leave company

Sep 18, 2020 / Italy

Gian Giacomo Ferraris, Roberto Cavalli's CEO, is exiting his role at the end of the year. Previously, Ferraris worked for Versace and has joined Roberto Cavalli as CEO in 2016

Companies Coronavirus - Covid19 Footwear Italy Luxury Shoes

Nicolas Kirkwood to become independent from LVMH

Sep 18, 2020 / France

The British-based footwear designer and the French luxury conglomerate LVMH will go separate paths going forward. LVMH acquired the Nicolas Kirkwood label in 2013

Companies Footwear France Luxury LVMH Partnerships Shoes United Kingdom

Ferragamo with declining revenue

Sep 16, 2020 / Italy

As of the 30th of June 2020 the Salvatore Ferragamo Group reported total revenue of 377 million euros down by 46.6% at current exchange rates (-46.9% at constant exchange rates), which compares to 705 million euros in the first half of 2019