The latest news
Audemars Piguet names Ilaria Resta as CEO
Independent watch brand Audemars Piguet announced on Monday the appointment of Ilaria Resta as chief executive officer.
Ludovic de Saint Sernin leaves Ann Demeulemeester
Barely six months after Ludovic de Saint Sernin was appointed creative director of Ann Demeulemeester the house has announced the departure of the designer. No successor has been named.
Giorgio Armani to stage One Night Only in Venice
Giorgio Armani will stage his latest One Night Only fashion and soirée event in September in Venice amidst the celebrations for the lagoon city’s annual film festival, its 80th edition.
Farfetch still loss-making in Q1 but bosses pleased with major progress
Farfetch’s Q1 was an underlying story of progress with talk of a return to profits soon. But it also suffered from the negative impact of currency exchange and a tough backdrop meant more red ink in the accounts.
YNAP names new Middle East GM
Online fashion giant Yoox Net-A-Porter (YNAP) has named Celine Lefebvre as its General Manager for the Middle East, effective 23 May.
Longchamp unveils new global store design with Amsterdam reopening
Longchamp is reopening its store on Amsterdam's prestigious P.C. Hooftstraat, unveiling its new global design concept.
Harrods boss says government burying heads in sand over VAT perk for tourists
Harrods MD Michael Ward has said it's time for the government "to wake up and smell the coffee” after a minister said retail needs to provide evidence for its claims about the benefits of VAT-free tourist shopping.
Watches of Switzerland still outperforming, but sees headwinds
A Q4 and end-of-year update for Watches of Switzerland Group has shown that the period to the end of April continued to be strong and that it's entering FY24 "significantly ahead" of its long-range plan.
Mixing old and new, Gucci hosts show in 14th century Seoul palace
With sparkling lights and beating drums, Italian luxury label Gucci took over a 14th century Seoul Palace to showcase its cruise collection, blending Korean heritage and modern fashion.
Affluent and younger shoppers are most eco-focused says ESW
It may not come as a surprise, but research seems to have confirmed that the highest value e-shoppers are the most sustainability-focused in a world of consumers who are generally prioritising eco-awareness more often.
Adeju Thompson of Lagos Space Programme wins Woolmark Prize 2023
Adeju Thompson, founder of Nigeria-based Lagos Space Programme, has won the International Woolmark Prize for 2023, nabbing first place in the oldest and most esteemed fashion award.
Richemont sees progress in strong year as China and fashion brands rebound
Richemont’s full-year results on Friday saw the luxury group reporting sales and operating profit “at an all-time high” as all regions proved profitable and its fashion businesses continued to do well.
Tapestry lifts forecast as Coach bags defy U.S. luxury gloom
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in U.S. luxury purchases.
New Montblanc campaign has London focus
Montblanc's new campaign stars James Norton, Karen Elson, and Arthur Gosse and spotlights London. It’s the next chapter of a strand that "explores how The Library Spirit transforms through different cities”.
Chinese company earnings reveal lopsided economic recovery
People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items.
MyTheresa GMV rises but backdrop is tough, launches link-up with Bucherer
Luxury e-tailer Mytheresa on Wednesday reported close to 18% general merchandise volume (GMV) growth for Q1 and “continued Adjusted EBITDA profitability”.