The leather goods powerhouse reported revenue up 18 percent at year-end. Sales picked up in China, whose sluggish economy has weighed on luxury brands. ‘We see positive signs, but not enough to definitively call it a turnaround,’ chief executive Axel Dumas said.
The leather goods powerhouse reported revenue up 18 percent at year-end. Sales picked up in China, whose sluggish economy has weighed on luxury brands. ‘We see positive signs, but not enough to definitively call it a turnaround,’ chief executive Axel Dumas said.
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday.
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday.
Prada’s ‘little sister’ brand is seeking a soft landing after a period of explosive growth. In addition to chief executive Benedetta Petruzzo’s exit, design director Dario Vitale has recently left the brand.
Prada’s ‘little sister’ brand is seeking a soft landing after a period of explosive growth. In addition to chief executive Benedetta Petruzzo’s exit, design director Dario Vitale has recently left the brand.
The Italian fashion mogul is betting customers will be willing to pay $400 a bottle for an exclusive red wine rooted in a ‘higher purpose.’
The Italian fashion mogul is betting customers will be willing to pay $400 a bottle for an exclusive red wine rooted in a ‘higher purpose.’
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
The French group said it would close 50 stores to adapt to a slower market after fourth-quarter sales at flagship Gucci plunged 24 percent.
The French group said it would close 50 stores to adapt to a slower market after fourth-quarter sales at flagship Gucci plunged 24 percent.
After recently doubling their sales in less than five years, LVMH’s Dior and Kering’s Gucci are both facing serious headwinds, but their predicaments are as different as they are similar, writes Luca Solca.
After recently doubling their sales in less than five years, LVMH’s Dior and Kering’s Gucci are both facing serious headwinds, but their predicaments are as different as they are similar, writes Luca Solca.
Expectations are low for the struggling luxury mega brand, as parent Kering reports fourth-quarter results.
Expectations are low for the struggling luxury mega brand, as parent Kering reports fourth-quarter results.
The sheer number of changes at the top of big brands this week is a sign the industry is still searching for a way out of its current troubles.
The sheer number of changes at the top of big brands this week is a sign the industry is still searching for a way out of its current troubles.
In a fresh wave of collaborations, fashion and beauty brands are creating merch for top hotels that goes far beyond gift shop merchandise.
In a fresh wave of collaborations, fashion and beauty brands are creating merch for top hotels that goes far beyond gift shop merchandise.
The abrupt departure of creative director Sabato De Sarno raises questions over who will replace him and how long it will take to get Kering’s anchor brand back on track.
The abrupt departure of creative director Sabato De Sarno raises questions over who will replace him and how long it will take to get Kering’s anchor brand back on track.
The creative director is leaving after two years at the brand, whose pivot to more universal styling and an emphasis on iconic wardrobe pieces has struggled to gain traction in a tough market for luxury.
The creative director is leaving after two years at the brand, whose pivot to more universal styling and an emphasis on iconic wardrobe pieces has struggled to gain traction in a tough market for luxury.
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Reed plans to focus on his own brand after three and a half years as creative director for the Puig-owned label.
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
The contracts allow users to trade on outcomes such as whether an item will surpass a price threshold or predict whether a brand will launch a new model.
Following a last-minute withdrawal from the couture calendar in January, the label, which is majority-owned by Pinault family investment fund Artémis, cancelled a runway outing scheduled for March 6.