According to the latest report from luxury consignment platform TheRealReal, Gucci currently leads the pack when it comes to resale, while streetwear has kept its cool and logomania is conquering new categories.
Jewellery company Swarovski apologised Tuesday for "hurting the feelings" of Chinese people after calling Hong Kong a separate country on its website, becoming the latest luxury brand to come under fire in China.
Farfetch said Thursday it's buying one of the most dynamic groups of fashion forward designer brands as it continues to expand fast. It also had news on its exec team and reported wider losses as it invests in growth.
Manolo Blahnik has been busy of late. Fresh from buying a key supplier last month, the company said on Friday that it has appointed company insider Andrew Wright as President of its North American operations.
Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.
The news around LK Bennett may have gone fairly quiet since the failed company was acquired out of administration by its Chinese franchise partner, but it has emerged that the company owed almost £32m to creditors.
Gucci may not have grown quite as fast in the latest quarter, according to Kering’s recent results, but it continues to be hugely popular, with the brand making it back to the top spot in the latest Lyst Index for Q2.
The American footwear and accessories company has announced that its net sales rose 12.4% in the second quarter ended June 30, 2019, totaling a record $445.0 million, compared to $395.8 million in the prior-year period.