The YNAP buy lit a rocket under Richemont sales last year, but it dented profitability. Yet the group remains strong with jewellery and watches buoyant while Chloé and Dunhill have seen good reactions to new products.
The brand came out on top at the event for a second consecutive year, according to Launchmetrics’ Met Gala Social Media Report, a victory led once again by the influencer powerhouse that is the Kardashian-Jenner clan.
Four years after the event’s launch, the schedule for New York’s standalone menswear fashion week’s upcoming spring season has revealed a severely reduced line-up, clearly impacted by calendar shifts and lost funding.
Ralph Lauren CEO Patrice Louvet highlighted both physical and digital retail, and outlined the company's projects in comments given to analysts following the publication of the group's full-year 2019 results on Tuesday.
Giorgio Armani has altered the time and location of its signature menswear show on June 17 in the upcoming Milan menswear catwalk season, significantly helping to anchor the final day of Milano Moda Uomo.
Marimekko had good news on Thursday as it reported Q1 net sales that rose 13% and a doubling in comparable operating profit, helped by the timing of Asia Pacific wholesale deliveries and stronger Finnish retail sales.
It’s not that long ago that Temperley London appointed a new CEO, but the luxury UK fashion firm named another exec to the top job late on Wednesday with former Max Mara exec Luca Donnini joining the firm.
Barely two years after its launch, the LVMH-owned e-commerce site has already changed its name. The group announced on Wednesday that the brand is now called 24S, in an effort to boost its international development.
Farfetch is still loss-making as it invests in growth and that growth is certainly explosive at present with revenue surging as it adds brands and customers, and launches new developments at a frenetic pace.
Burberry's results may have looked unspectacular on paper but coming in a year of huge change, they showed it's moving in the right direction and building a buzz around its rebirth as an even more luxury-focused brand.