Shares of Farfetch Ltd plunged 22% on Friday and were set to post their biggest percentage drop in more than two years after the retailer cut a key growth forecast, blaming cooling demand for high-end fashion.
In a moment when many fashion magazines are slashing their frequency, laying off staff and beheading imperial editors-in-chiefs it’s refreshing to buy Mixte, the Paris fashion title that celebrated its 25th anniversary.
Luxe eyewear giant Safilo saw its business in the US recovering in Q3 and Europe being on the road to recovery, both regions offsetting a weaker Asian market and the loss of some key licences (such as Dior and Fendi).
According to the second Clair Report on retained brand value from resale marketplace Rebag, the strongest handbag labels in 2021 were once again Hermès, Louis Vuitton and Chanel. But Bottega Veneta is hot on their heels.
The executive, who has two decades of experience in the sector, joins the Kering-owned luxury brand from Fendi, where she most recently served as VP for U.S. retail and retail corporate functions in the Americas.
For the first time, two top Italian labels have joined forces and combined their creative perspectives to design two collections in one, Fendi by Versace and Versace by Fendi, which will be commercialised next May.