Italian fashion house Versace is cutting about a quarter of its global workforce and expects to post a loss this year, the latest luxury good maker to take a hit from slumping demand for designer items.
Could Topshop soon be seen in Paris? That seems more and more likely as owner of the Arcadia group Sir Philip Green stated to the British press that he wants to expand Topshop’s network to include Milan, Paris and China.
“We are in a phase of redefinition of our style,” said Mario Moretti Polegato, the president and founder of Geox. He was not lying, and the proof can be seen in this limited edition line, the Empire State Building special.
French fashion house Celine, owned by luxury goods group LVMH, has been holding off opening new stores this year and hopes collections from creative director Phoebe Philo will underpin sales from 2010.
After almost 30 years in fashion, Elie Saab has turned his attention to perfume with a licensing agreement for the global distribution of perfumes and cosmetics, in association with Beauté Prestige International (BPI).
As the first snow begins to fall in the mountains, Oxbow is presenting its very first collection of snowboards. The boards have taken the colours and lines from the Natural, New and Wibes clothing collections.
Italian luxury goods group Salvatore Ferragamo has designed a limited collection to raise funds for breast cancer groups, targeting wealthy - and charitable - Asians who appear immune to the economic downturn.