The jewelry retailer announced Q2 sales of $1.8 billion on Thursday, an increase of 101.4% from $888.0 million in the prior-year period, impressive progress which led the company to up its full-year guidance.
Capri Holdings had big news on Tuesday as it announced a new CEO — Joshua Schulman — for Michael Kors. But more importantly, he'll take over as group CEO from John D Idol next year. Idol will become executive chairman.
Tiffany is continuing to reinvent itself in the LVMH era and has launched a major new campaign fronted by superstars Beyoncé and Jay-Z. It's the first time the couple has appeared in a campaign together.
Fugitive Indian jeweller Nirav Modi can appeal his extradition to his homeland, where he is accused of defrauding one of the country's largest banks of $1.8 billion, the High Court in London ruled on Monday.
Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann.
If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.