World Footwear

Luxury

Bottega Veneta appoints Louise Trotter as Creative Director

Dec 19, 2024 / France
The British designer will succeed Matthieu Blazy at the creative leadership of the luxury label, parent company Kering and Bottega Veneta announced in a joint release

John Galliano leaves Maison Margiela

Dec 16, 2024 / France
The renowned British designer will leave the OTB-owned luxury brand, bringing to an end a successful 10-year collaboration. His next move remains unknown

Kering leads the fashion industry with science-based targets for nature

Dec 4, 2024 / France
The French group became the first fashion company to set measurable science-based goals for reducing water use and land footprint, including both its direct operations and supply chain

Stuart Weitzman and Swarovski unite for new holiday collection

Dec 3, 2024 / United Kingdom
Stuart Weitzman partnered with Swarovski Creators Lab to release crystal-adorned Stuart Power Shine pumps, a limited-edition collection combining craftsmanship and luxury fashion

Mulberry cuts jobs amid efforts to turn around the business

Dec 2, 2024 / United Kingdom
The British luxury handbag company has cut dozens of jobs as part of a major shake-up to turn the business around, after a sales plunge of 19% in the six months to December

Global luxury spending to hold steady in 2024

Nov 29, 2024 / World
Growth in luxury experiences and shrinking demand for luxury goods highlight a shift in consumer priorities as brands navigate changing market dynamics and regional challenges

Capri reshuffles Michael Kors leadership team

Nov 28, 2024 / United States
Capri’s CEO John D. Idol will assume the additional role of CEO of Michael Kors, succeeding Cedric Wilmotte. Philippa Newman has been promoted to Chief Product Officer of the brand

Burberry launches new strategic plan amid profit losses

Nov 26, 2024 / United Kingdom
The British luxury company announced first-half results for fiscal 2025. Declined revenue and profitability prompted a strategic reformulation to revitalise the brand and return to sustainable growth

Tapestry and Capri Holdings call off merger plans

Nov 15, 2024 / United States
The two companies have agreed to call off their merger plans after a US court blocked the deal last October, ending their efforts to create a US luxury giant capable of competing with major European players

Capri Holdings falls sharply as hopes of Tapestry merger fade

Nov 14, 2024 / United States
The US-based luxury group has reported another weak quarterly performance amid weak global demand for luxury goods. Versace suffered the biggest fall, while Jimmy Choo returned to green

Vida Shoes acquires luxury shoe brand Aquatalia

Nov 14, 2024 / United States
Vida Shoes International, which owns brands such as Jambu, JBU, J Sport and Andre Assous, has acquired the made-in-Italy luxury shoe brand Aquatalia

Kering and Centre for Sustainable Fashion launch new governance programme

Nov 13, 2024 / United Kingdom
Launched by Kering and the Center for Sustainable Fashion, “Governance for Tomorrow” is a three-year programme that aims to bring together experts from different sectors to develop alternative governance models in luxury fashion

Miu Miu fuels strong performance for Prada Group

Nov 1, 2024 / Italy
Against a challenging backdrop in the luxury segment, the Italy-based luxury continued to perform strongly. Miu Miu “upheld its thriving growth momentum”

US Court blocks Tapestry’s acquisition of Capri

Oct 25, 2024 / United States
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)

Hermès maintains momentum with strong third quarter growth

Oct 25, 2024 / France
The French-based luxury group delivered a 14% revenue increase in the first nine months of the year. Japan and Europe, excluding France, experienced the highest regional sales growth
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