Planned investment in Jimmy Choo may have dragged down the share price at Michael Kors but it's upbeat for the luxury brand’s prospects and is working to boost its appeal to Millennials and drive accessories expansion.
Michael Kors Holdings Ltd said higher spending to expand its upscale footwear brand Jimmy Choo will weigh on earnings this year, driving shares of the luxury handbag maker down 13 percent on Wednesday.
Burberry has become the latest luxury label to rethink its fur policy and has launched a review. If it chooses an outright ban, it will make Burberry the latest in a raft of luxe brands to go fur-free in the past year.
On Thursday, April 19, Maybelline New York revealed Danish model Josephine Skriver as its new global ambassador. The model will star in the cosmetics brand's upcoming advertising campaign, due to be unveiled in May.