Luxury
The latest news
Hermès opens new boutique in Princeton, New Jersey
Luxury fashion house Hermès announced on Wednesday the opening of its newest boutique in the heart of Princeton, marking its forty-first location in the United States.
Luxury
Sales at Italy's Moncler up 16% in first quarter boosted by China
Italian fashion group Moncler posted on Wednesday a 16% increase in first quarter sales at constant exchange rates, boosted by solid demand in China.
Luxury
Global labels among Matches creditors to get back very little, offers come in
A new filing by Matches' administrators shows there’s been plenty of interest in buying it but that even if it was sold as a going concern, any new owner would have to deal with its severely dented reputation.
Luxury
Celine: Is Hedi Slimane on his way out?
For several weeks now, rumours have been flying around about a possible departure for the French designer from Celine.
Luxury
Forum de la Mode: Arnaud Vaillant from Coperni talks about the importance of innovation
At the 7th edition of the Forum de la Mode in Paris, Arnaud Vaillant, CEO and co-founder of Coperni, explained how the fashion and accessories brand is innovating, in particular with artificial intelligence.
Fashion
Kering: A difficult start to the year worldwide, except in Japan and the Middle East
The luxury group suffered in all regions in the first quarter, except in Japan, where retail sales jumped by 16%, and in the Middle East. In Asia, which accounts for a third of Kering's revenues, sales fell by 19%.
Luxury
Prada and Miu Miu get a boost from China as rival Gucci struggles
Prada SpA’s sales jumped as the Italian fashion group, which also owns Miu Miu, continues to outperform its biggest rivals.
Luxury
Kering shares drop after Gucci slump prompts profit warning
Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand.
Luxury
American luxury brand Mark Cross relaunches with a focus on heritage
The almost 180-year-old leather goods house famous for its Grace Box bag is leaning in on its rich history.
Luxury
Dior unveils latest Cannage sunglasses
The house of Dior has unveiled its new Cannage sunglasses, the latest expression of a defining code of the Paris brand, that has become a leit motif of late.
Luxury
John Smedley reopens for third-party manufacturing after 40-year hiatus
Knitwear specialist John Smedley is betting on UK manufacturing making a comeback in a changed world and is investing millions in making its factory available for third-party manufacturing for the first time in 40 years.
Fashion
Xüxü fashion brand shows on the volcanoes of California
Shanghai-born and Los Angeles-based designer Hanchen Xu has just presented the first collection of his luxury and unisex Xüxü fashion brand, entirely shot on a Californian volcano.
Fashion
Saks launches Saks Media Network
Saks unveiled on Tuesday the Saks Media Network, a new initiative aimed at assisting brands in reaching Saks' affluent customer base through digital advertising across the shopping journey.
Luxury
Kering warns profit to tumble following Gucci woes in China
Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products.
Luxury
The LVMH 2024 Prize reveals its eight finalists
The French luxury group has unveiled the eight finalist labels for its eleventh LVMH Young Design Awards, from eight countries. The final will be held on September 10.
Luxury
Ermenegildo Zegna grows by 8% in the first quarter
The Italian group achieved sales of 463 million euros in the first quarter, driven by the US, where sales jumped by 58%, while they fell by 15% in China. While Zegna made progress, Thom Browne fell back.
Luxury