Revenues at Italian luxury down jacket maker Moncler topped analyst expectations in the second quarter helped by easing COVID-19 restrictions, adding to evidence of a sharp rebound in the sector.
Sales at French luxury group Kering nearly doubled in the second quarter as coronavirus curbs were relaxed in much of the world, with its star fashion label Gucci accelerating sharply.
Reporting “outstanding growth and strategic progress” is good. Achieving them in a “transformational year” on top of a recent IPO is even better. That’s how In The Style updated the market on Wednesday.
SMCP’s CEO hailed its “strong momentum” globally and its “solid progress” on its One Journey strategic plan on Tuesday as he reported the premium fashion retail giant’s Q2 sales figures.
Amazon.com Inc's India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported on Tuesday.
U.S.-based fashion resale site ThredUp announced on Monday plans to acquire Remix Global AD, one of Europe's leading fashion resale companies, signalling the brand’s international expansion.
French investment firm Eurazeo is about to acquire a minority stake in Pangaea Holdings, a company that incubates and develops digital brands through its e-commerce platform.
LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
German retail group S Oliver has acquired footwear brand Copenhagen Studios with the company saying that the brand is “on a promising path” both in Germany and internationally.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Sales at Giorgio Armani jumped 34% in the first half of 2021 as business in China and the United States helped the Italian fashion group bounce back.
The German sportswear company has expanded its partnership with the international esports organization, becoming its official global apparel partner, including for its North America professional teams and creators.
Swiss fragrance and flavor maker Givaudan has reported better than expected Q1 income, with progress driven by a return to growth in fine fragrances.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
LVMH’s premium beauty operation Sephora has confirmed the widely expected acquisition of Feelunique. It has signed a deal with Palamon Capital Partners and other shareholders to take over the UK-based beauty e-tailer.
