Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.

The Italian fashion group, owner of Alberta Ferretti, Moschino and Pollini, closed H1 2022 with a gross operating margin (EBITDA) of €20.9 million and a net profit of €2.9 million, down from €13.3 million in 2021.

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.

US jewellery brand Tiffany & Co. has launched Tiffany Atrium, a social impact platform featuring initiatives aimed at making the industry more inclusive.

A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.

Luxury consignment retailer The RealReal announced on Wednesday a partnership with Beckett Collectibles to offer comic book and trading card grading services.

After recently acquiring Byredo, the Spanish group has once again reached for its wallet and acquired a majority stake in the natural cosmetics firm founded by Johana Sanint, who will remain at the helm of the brand.

Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.

Online fashion resale platform Vestiaire Collective said on Wednesday it is expanding into South Korea, choosing the fast-growing luxury market as a springboard for a deeper push into Asia.

The world's top luxury group LVMH said Tuesday that sales and profits jumped in the first half of the year despite the uncertain economic environment.

Luxury leather goods brand Longchamp is revamping its Italian stores, starting with the ones in Galleria Vittorio Emanuele II in Milan, and Calle Larga XXII Marzo in Venice.

Founded by Anna Peer and Eli Peer, the brand of designer accessories dedicated to cannabis, unveiled its first collection exclusively at the fashion concept store, Just One Eye, in Los Angeles. 

Xcel Brands announced on Thursday the appointment of Ken Downing to the role of creative director of luxury fashion brand Halston, effective August 1. 

Danish jeweler Pandora announced on Thursday the company will open an office in New York in September 2022, in a bid to bolster its growth strategy in the U.S. market. 

The French luxury house held its party this Wednesday, July 20 in Hollywood, as a prelude to its HermèsFit pop-up, scheduled from July 21 to 24. The event saw more than 500 friends and special guests in attendance.