Versace is in "no rush" to list on the stock market, its Chief Executive said on Saturday. The brand has been mulling a listing after private equity Blackstone bought a 20% stake in 2014 to fund its overseas expansion.
Cartier maker Richemont said on Thursday solid sales growth in the quarter to Dec. 31 was driven by the Asia Pacific region and buoyant jewellery demand, kicking off the luxury goods reporting season on a positive note.
French fashion label Saint Laurent, part of Kering, will start selling online in China through a JD.com portal, joining shopping players like Alibaba in trying to tap strong luxury goods demand from Chinese consumers.
McArthurGlen has confirmed the next step in the expansion of Ashford Designer Outlet, which will add an extra 100,000 sq ft with up to 50 new retail spaces to the premium and luxury shopping destination.
And they are off. Applications opened Friday for aspiring talent in the LVMH Prize, the most financially beneficial annual award in fashion. Young hopefuls - limited to under 40 years - have until February 4 to apply.
Fashion has no greater current fixation than Millennials, the Holy Grail of luxury and fashion brands; whose highly personal style is the subject of the latest book – released in time for Christmas - by Dolce & Gabbana.