Jewellery
The latest news
Richemont recommends shareholders vote against board candidate Trapani
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.
Luxury
Eurozone retail sales drop more than expected in June as prices rise
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.
Fashion
Aeffe group’s revenue up 13.9% to €176.5 million in H1
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.
Luxury
Sales and profit boom at Hermès in H1, China bounces back at end of period
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.
Luxury
Tiffany & Co. launches social impact platform
US jewellery brand Tiffany & Co. has launched Tiffany Atrium, a social impact platform featuring initiatives aimed at making the industry more inclusive.
Luxury
Prada weighs dual listing in Milan, but says not a priority
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
The RealReal to offer comic book, trading card grading services
Luxury consignment retailer The RealReal announced on Wednesday a partnership with Beckett Collectibles to offer comic book and trading card grading services.
Luxury
Puig increases its stake in Colombian brand Loto del Sur
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.
Luxury
Sales growth at Kering’s Gucci slows in Q2 as China weighs
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.
Fashion
Fashion resale platform Vestiaire Collective expands into South Korea
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.
Fashion
LVMH sales and profit blaze new heights
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
Longchamp unveils new store concept in Milan, Venice
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.
Luxury
Luxury cannabis accessories brand Flora Nero unveils collection at Just One Eye
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.
Luxury
Halston names Ken Downing new creative director
Xcel Brands announced on Thursday the appointment of Ken Downing to the role of creative director of luxury fashion brand Halston, effective August 1.
Luxury
Pandora opens new U.S. hub in New York
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.
Luxury
Hermès celebrates its HermèsFit opening at the Hollywood Athletic Club
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.
Luxury