The fashion house's efforts to revamp stores as well as its high-end shoe brand Jimmy Choo paid off as the company topped Wall Street’s quarterly profit estimates on Wednesday and raised its full-year earnings forecast.
Salvatore Ferragamo has named former Kering executive Micaela le Divelec Lemmi as its new CEO although it’s less of a change than it might have been given that she has been general manager of the firm since the spring.
SMCP has been one of the market’s biggest success stories of recent years and it looks like that success story is continuing. The company issued its Q2 results on the last day of July and described them as “superb”.
Selfridges is continuing its strategy of frequent, exclusive product launches and interesting pop-up stores with the latest including an exclusive Red Valentino capsule, a Fendi Kiosk, plus Medea and Réalisation Par.
Aeffe had a strong first half as success in Greater China helped to drive net profits up by almost 80% and it also turned in a healthy double-digit revenue rise, with the increase spread across both RTW and leathergoods.