Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products.

The French luxury group has unveiled the eight finalist labels for its eleventh LVMH Young Design Awards, from eight countries. The final will be held on September 10. 

The Italian group achieved sales of 463 million euros in the first quarter, driven by the US, where sales jumped by 58%, while they fell by 15% in China. While Zegna made progress, Thom Browne fell back.

Amira Rasool's plan to make her online marketplace the 'LVMH of Africa' is playing out globally.

The Roman luxury house achieved sales of €1.35 billion in 2023, down 5% on 2022. However, sales through its direct sales network were up by 3%.

​Vivienne Westwood’s personal wardrobe is going up for auction in London, including ballgowns, tweed suits and more.

Ganni, the clean-cut Danish hipster label, has named the former Balenciaga executive Laura du Rusquec to be its new CEO in a significant shift of emphasis at the brand.

​After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.

On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches. 

​Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.

The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.

Chaos, conflict and the claustrophobia of consumer culture were at the heart of this year’s Venice Biennale, which ironically has rarely seen an opening week more crammed with activations by fashion and luxury brands.

The UK consumers’ crown for being among the leaders in sustainability values is slipping. They’re less sustainably minded than they were just a year ago, according to a new ‘Global Voices’ survey from digital firm ESW.

Kering's British label has appointed Gaelle Collet, who has worked for Chanel, Dior, Saint Laurent and Celine, among others, as head of brand and communications.

Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. 

UK consumer confidence isn’t just on the up again, it’s reached a new two-year high as personal finances improve, especially among 25-34 year-olds. But that isn’t necessarily feeding through to spending habits.