Luxury
Ferragamo reports first-quarter sales drop
The Italy-based luxury group reported a slight decline in revenue in the first quarter of 2026. Growth in its direct-to-consumer channel helped offset ongoing weakness in wholesale amid a challenging global environment
WHP Global to acquire Marc Jacobs from LVMH
The France-based luxury conglomerate has reached a definitive agreement to sell Marc Jacobs to WHP Global, the parent company of Vera Wang, G-Star and Rag & Bone
Tapestry raises full-year outlook
The US-based accessible luxury group has reported strong third-quarter results, marked by a strong performance at Coach. As a result, the group raised its full-year outlook
Alameda Turquesa arrives at The Devil Wears Prada
The Portuguese luxury brand Alameda Turquesa has reached a new milestone, with its handbags featuring in the film The Devil Wears Prada 2. This appearance further strengthens the brand’s international presence
Saks Global moves closer to exiting bankruptcy
The US multi-brand luxury retailer is one step closer to exiting Chapter 11 bankruptcy protection, having received court approval for its disclosure statement. This will allow creditors to vote on its restructuring plan
Prada reports first-quarter growth
Despite a disrupted environment, the Italy-based luxury group reported a 3% organic growth in the first quarter of the year, supported by a solid performance in the Asia-Pacific and Americas regions
Ferragamo appoints Fabrizio Freda as Special Strategic Advisor
Ferragamo Finanziaria, the holding company of the Ferragamo family and the controlling shareholder of the luxury group, has appointed the former CEO of The Estée Lauder Companies as Special Strategic Advisor
Kering takes minority stake in Icicle owner ICCF
The France-based luxury group has acquired a minority stake in Chinese fashion group ICCF, best known for its flagship brand Icicle, as part of a partnership between the two companies
Hermès grows, but momentum eases in the first quarter
The France-based luxury group reported solid growth in the first quarter of 2026. Geopolitical tensions in the Middle East and uneven regional trends had a negative impact on performance
Kering signals slow recovery despite Gucci’s weakness
The France-based luxury group has reported early signs of recovery. However, growth across several of its Houses has been partly offset by continued weakness at its flagship label, Gucci
Dolce & Gabbana reshapes leadership
The Italy-based fashion house has appointed Stefano Cantino as co-chief executive officer, while the company’s co-founder, Stefano Gabbana, stepped down from his formal governance roles
Conflict in the Middle East weighs on LVMH’s first-quarter sales
The France-based luxury group has reported a mixed first quarter, with resilient demand across key markets being partially offset by geopolitical tensions in the Middle East
Saks Global taps additional 300 million USD from bankruptcy financing package
The multi-brand luxury retailer has drawn an additional 300 million US dollars from its 1.75 billion US dollars Chapter 11 financing package, marking the final pre-emergence tranche and bringing it closer to exiting bankruptcy
Kering appoints Chief Digital, AI & IT Officer
The France-based luxury group has announced the appointment of Pierre Houlès as Chief Digital, AI, and IT Officer, effective immediately. He joined the company from Renault
Ferragamo confirms full-year revenue decline and discloses lower profits
The luxury group has confirmed its 2025 preliminary sales figures, while revealing a decline in profitability in a year marked by brand repositioning and a challenging wholesale environment-
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