Luxury
The latest news
Dubai Mall owner Emaar to discuss selling its e-commerce business
The board of Dubai's Emaar Properties, which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on August 15.
Fashion
Ranra wins Zalando Sustainability Award at Copenhagen Fashion Week
Ranra has walked away with the fourth Zalando Sustainability Award during Copenhagen Fashion Week. Its genderless collection “focused on longevity and used exciting techniques with textiles and dyes”.
Fashion
Tophsop founder and ex-Debenhams chief Halpern dies
British retail titan Sir Ralph Halpern has died at the age of 83. The executive, who launched the Topshop chain and once ran Debenhams, was one of the highest-profile retailers during the Thatcher era in the 1980s.
Fashion
France plans fashion revolution with climate-impact labels
Next year, France will pass a decree that will require every item of clothing sold in the country to carry a label detailing its precise climate impact.
Fashion
Prada seeks $1 billion valuation in Milan listing - Bloomberg News
Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg News reported on August 12.
Luxury
India’s apparel retailers to earn 21-23% more revenue in FY 2023
A combination of strong same-store sales, new store launches, and higher contribution from online channels will add 21-23% revenue growth for apparel retailers in India in fiscal 2023.
Fashion
Canada Goose results thrive as luxury demand defies inflation
Canada Goose Holdings Inc has surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.
Luxury
Ferragamo partners with Farfetch to grow online, reach younger shoppers
Italian fashion house Salvatore Ferragamo has announced that it has struck a partnership with online luxury shopping retailer Farfetch to expand its digital presence, targeting younger shoppers.
Luxury
US textile and apparel imports up 30%+ in first half
The import of textiles and apparel by the US continues to grow fast, rising by 30.97 per cent to $66.308 billion in the first six months of 2022, compared to $50.626 billion in the same period of 2021.
Fashion
UK’s Edit LDN makes metaverse debut with sneaker digital wearables
UK-based retail brand Edit LDN has officially joined the virtual world with its own premium store at Bloktopia, a virtual reality metaverse.
Fashion
Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit
Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.
Luxury
Fashion innovator Issey Miyake dies at 84
Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.
Fashion
UK shoppers surprisingly ready to spend during heatwave, fashion stays strong
Hot weather drove Britons to buy summer fashion, as well as outdoor goods, in July. But they also reined-in spending on foreign travel and eating out as the cost-of-living squeeze made itself felt, two surveys show.
Fashion
Shopify merchant growth falters as weak consumer spending hits businesses
Businesses stung by rising costs and lower consumer spending are shying away from Shopify's platform, creating a roadblock in its plan to fix past missteps in overestimating e-commerce demand.
Fashion
Richemont recommends shareholders vote against board candidate Trapani
Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.
Luxury
Holzweiler gets Sequoia Capital investment boost, targets China, US and UK growth
Norwegian fashion and lifestyle label Holzweiler has entered a “strategic partnership” with Sequoia Capital China, the latter having made a “significant investment” in the family-owned firm.
Fashion