Italian fashion group Prada is set to hire former Luxottica chief executive Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, as said by a source.
UK-based investment fund Peninsula and Italian retail group Percassi have bought a 40% stake in apparel and beachwear label MC2 Saint Barth, created by Italian company Lanikai, owned by Max Ferrari and Raffaele Noris.
Nearly 65% of the world's most wealthiest consumers intend to increase their luxury spending in 2023, especially for fashion in ready-to-wear and leather goods, according to a study by Kantar Insights and Altiant.
Dr Martens has released what it calls "another strong set" of results, covering the six months to late September. Underlying revenue was up as much as 18%, although EBITDA was flat and profit before and after tax fell.
The long-established Italian high-end hatmaker has strengthened its design office by naming Jacopo Politi as head of style. Politi has been with Borsalino since April, based between Milan and the factory in Alessandria.
New Bond Street in the heart of London's West End has lost its crown as the most expensive shopping street in Europe as far as rents are concerned. That title goes to Milan’s Via Monte Napoleone, new figures show.