Building on its “long-term commitment to ensure more sustainable and circular practices”, Net-A-Porter and Mr Porter have entered the pre-owned luxury watches market with Watchfinder & Co for the US market.
Aston Martin has deepened its fashion sector links with two big names joining its board. Net-A-Porter founder Natalie Massenet and ex-Harrods and Saks 5th Avenue exec Marigay McKee are among its new directors.
The Swiss group, owner of Cartier, Net-à-Porter, Chloé, Dunhill, Alaïa and more, announced on Wednesday the acquisition of historic Belgian leather goods house Delvaux. The transaction amount was not disclosed.
Delta Galil is on a roll. Fresh from announcing a major underwear licence deal with Adidas, the Israel-based manufacturer will now tcreate, produce and market new women’s lingerie and swimwear collections for Wolford.
The drive to embrace all-things sustainable continues to accelerate. Online luxury and fashion retailer Yoox Net-a-Porter has upped its commitment to the cause, joining The Prince of Wales’ Terra Carta initiative.
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
In Q3 of the current financial year, closed at the end of January, the fashion e-tailer recorded a 47.5% growth in sales, which were worth €164.8 million. Sales in the year’s first nine months grew by a solid 36.2%.