French luxury group Kering delivered a forecast-beating rise in first-half operating profit on Thursday reflecting a continued revival of its biggest brand, Gucci, and a strong showing by Yves Saint Laurent.
Slow growth worldwide? Somebody forgot to tell that to LVMH, which posted a 15 % increase in registered revenues in the opening six months of 2017, powered by “outstanding momentum” at Louis Vuitton.
The Advocate General of the Court of Justice of the EU has confirmed luxury goods manufacturers can prohibit their authorised retailers from selling products on third-party platforms such as Amazon or Ebay.
Traffic was moderate but the mood ebullient at Pure London, the fashion trade show which this season focused on interplanetary travel, exotic ethnic designs and techy sportswear. The three-day show ended Monday night.
Japan’s department stores saw higher sales in June, welcome news after sales fell in May, the sector’s industry body has said. An increase in April too suggests the sector might be on the recovery trail.
Amazon Fashion in the UK has released its summer trends report and it shows that Sunday is the most popular day of the week to shop for fashion. It also said analogue watches are popular, as are skinny and mum jeans.
French fashion brand Louis Vuitton, part of luxury giant LVMH , said on Friday it had launched an e-commerce website in China to tap a booming online shopping market.
The e-commerce site has launched in Mexico. It offers free shipping for orders over $300 and collections from brands including Ale by Alessandra, Lovers + Friends and For Love & Lemons.
Swiss watchmaker Swatch said Friday that its profits rose in the first six months, but its performance was dampened by the strength of the Swiss franc.
Luxury goods maker Hermès said Friday that it notched up "solid" growth in the first six months of the year and in the second quarter, driven by rising sales across all regions.
