By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
Hugo Boss has become the latest major fashion name to link its financing to green goals. The German giant — in which Frasers Group owns a large stake — has secured a syndicated loan with a sustainability component.
Paris jeweler Fred welcomed back a key family member of its heritage on Wednesday, the dramatic brilliantly yellow Soleil d’Or diamond, whose 100-plus carats make it one of the rarest stones on the planet.
Lee Jeans is to launch kidswear for the AW22 season with the new range to be produced under licence by Brand Machine Group (BMG) and sold in the EMEA region.
Lorenzo Bertelli, the eldest son and heir designate to Prada's Chief Executive Patrizio Bertelli, vowed to keep the family-controlled luxury fashion group independent when he takes the reins.
Mulberry could expand its UK production, it said after delivering a strong set of results. It has already added an extra production line in Somerset and could add another if sales growth is sustained.
Farfetch has announced a new joint venture with UK-based logistics giant Clipper Logistics to create a major international e-fulfilment operation dedicated to the luxury industry.
The sports equipment retailer reported net sales of $2.75 billion in Q3, a figure that represented an increase of 13.9% compared to $2.41 billion in the prior-year period and glided past analysts’ expectations.
Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.
Revolution Beauty only listed on the stock exchange in the summer and its first set of results as a public company released on Wednesday showed that its pre-IPO strong performance is continuing.
Mulberry delivered good news on Wednesday as it said it saw further strategic progress amid strong consumer demand in the 26 weeks ended September 25.
The apparel retailer’s revenue for the third quarter ended October 30, 2021, totaled $643.1 million, up 13.0% from $569.3 million in the prior-year period. In constant currencies, growth was 12.8%.
The San Francisco-based lifestyle retailer announced a net loss of $152 million, or $0.40 per diluted share, for the third quarter, on Tuesday, as the company struggled with ongoing global supply chain issues.
Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs.
