Farfetch shares are more than a quarter down from where they were this time last week. And the reason? The company held a capital markets day Thursday and the cost of its ambitious plans didn’t please its investors.
Pure London has named the keynote speakers for its February edition. The organisers said “retail industry legend” Ed Burstell and winner of All That Glitters, jewellery designer Piers Carpenter, will be the big names.
Italian fashion group Prada is set to hire former Luxottica chief executive Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, as said by a source.
UK-based investment fund Peninsula and Italian retail group Percassi have bought a 40% stake in apparel and beachwear label MC2 Saint Barth, created by Italian company Lanikai, owned by Max Ferrari and Raffaele Noris.
The Spanish jewellery company announced that Xavier Rebés, former director of digital strategy and new business at Caixabank, has joined its executive committee and will be reporting directly to the company's CEO.
The Italian luxury streetwear label has unveiled a fine jewellery line consisting of four unique pieces, made by London jeweller Duffy and sold exclusively at the label's newly opened Los Angeles pop-up store.
Nearly 65% of the world's most wealthiest consumers intend to increase their luxury spending in 2023, especially for fashion in ready-to-wear and leather goods, according to a study by Kantar Insights and Altiant.