IC Group’s Tiger of Sweden and By Malene Birger continue to struggle and Tiger has now announced cost-cutting measures, while IC's chairman is stepping down as part of the group's privatisation strategy.
Frederick Lukoff, the long-time president of Stella McCartney, quits to become CEO of Dutch brand Scotch & Soda. A surprise move, barely one year after overseeing McCartney's buyback of 50% of her company from Kering.
Farfetch has made several changes to its senior management team. Kshitij Kumar has been appointed as the company’s first chief data officer, whilst Holli Rogers is to become its first chief brand officer.
Revenue for the Italian leather goods group led by Marco Palmieri soared to €147.5 million in 2018-19 driven by Lancel, with a net financial position of €25.6 million. The revenue target for 2019-20 is €160 million.
After almost two years of strategic collaboration, Farfetch has finally launched a digital flagship store on JD.com. The move will give Farfetch a “‘Level 1 entry point on the JD.com app”, the companies said.
Ebay and WGACA are partnering to launch a series of capsule collections, beginning with the ‘Peace, Luxe and Rock and Roll' capsule, made of 1,300 women’s and men’s ready-to-wear, luxury accessories and vintage items.
The Fort Wayne, Indiana-based accessories company announced a mixed bag of financial results for the first quarter ended May 4th, 2019, as net sales came in above analysts’ expectations but net losses continued to widen.
“For me, influencers are a game changer,” says Maria Giulia Prezioso Maramotti of Max Mara, underlining the Italian house’s committed effort to connect with a younger generation of consumers worldwide.