U.S. luxury brand Kate Spade has signed a licensing agreement with French perfume group Interparfums. Together, the businesses will create perfumes for the global market, commencing autumn/winter 2020/2021.
Prada has become the latest big name in luxury fashion to go fur-free with the group’s brands, including Prada itself plus Miu Miu, Church’s and Car Shoe, to stop using fur from its SS20 womenswear collection.
Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.
Tapestry Inc beat Wall Street estimates for third-quarter profit on better-than-expected sales of its Coach and Kate Spade handbags, and announced a $1 billion share buyback program, sending its shares up 12 percent.