The chairman of Italy's Salvatore Ferragamo said on Friday he hoped the luxury group's new chief executive will come from within the company as it presses ahead with its ambitious industrial plan.

OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.

Burberry has announced that Gavin Haig, who was the chief executive of luxury retailer Belstaff until January, will join the company in the newly created position of chief commercial officer.

The New West End Company estimates that 90% of all fashion brands on London’s Oxford Street, Bond Street and Regent Street will offer their own sportswear ranges by 2020.

Selfridges has worked with director and photographer Norbert Schoerner on a 60-second ad that will run in cinemas in London, Birmingham and Manchester from May 19.

Dolce & Gabbana presented its Alta Moda and Alta Sartoria collections at Mexico's Museo Soumaya on Wednesday, paying tribute to the country's culture, influencers, Frida Kahlo and the Virgen de Guadalupe.

After close to ten years of trademark disputes, the companies have announced that they have come to an agreement which will put an end to all the court cases currently involving the two parties.

Salvatore Ferragamo will delay the appointment of a new CEO and set up an executive management committee to steer the Italian luxury group's ongoing revamp, sources close to the matter have said.

​50m is the name of a new experimental London concept store that’s aiming to shake up the young designer fashion market in the city with a co-operative approach that will also include social and mentoring elements.

The shoe designer has entered into a new Chinese partnership with Luxba Group, the Hong Kong firm owned by billionaire entrepreneur Adrian Cheng, in a bid to relaunch in China and reach more Millennials in the region.