Luxury puffer jacket maker Moncler committed on Thursday to making production sites carbon-neutral by 2021 and said it would start using certified recycled down, in a process requiring 70% less water than before.
French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.
The WhatsApp messaging app will start to offer in-app purchases and hosting services, as owner Facebook Inc moves to boost revenue from the app while knitting together e-commerce infrastructure across the company.
As the world continues to deal with the mega-shock that the pandemic has delivered the fashion sector continues to deliver surprises too with the latest on Thursday being a report that Adidas is planning to sell Reebok.
Amazon.com Inc said on Thursday it has invested $100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries.
The Italian label too has introduced the role of director in charge of diversity, equity and inclusion. Based in North America, the position has been entrusted to Malika Savell, formerly with French luxury group LVMH.
Hermès' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues.
Unilever had upbeat news on Thursday. Despite currency effects sending its turnover down overall, it released Q3 figures that showed underlying sales growth (USG) of 4.4%, and prestige beauty was buoyant.
London destination store Browns is celebrating its 50th anniversary with a major campaign, a raft of exclusives, a webstore redesign and lots more activity to mark the influential store’s half-century.
After opening its first Paris store dedicated to beauty in 2019, Rei Kawakubo and Adrian Joffe’s established brand Dover Street Market is preparing to open a store in the French capital dedicated to emerging designers.
According to a new report from KPMG, U.S. consumers are planning to spend less this holiday season, with the apparel and accessories segment expected to be hit particularly hard by reduced shopping budgets.