Luxury
Burberry COO and CFO to step down
The UK-based luxury brand has announced that Julie Brown will leave both her roles as Chief Operating and Financial Officer at the close of the company’s fiscal year, on the 1st of April 2023
Tod's exceeds pre-pandemic levels
The Italian-based luxury group, whose revenue in the first half of 2022 grew by 17.4% year-over-year to 467.5 million euros, reported having "returned to values higher than those of 2019"
Ferragamo reports solid first half
The Italian-based luxury group posted revenue and profits growth in the first half of the year, as compared to the same period of last year, "despite the enduring impact of the pandemic in China"
Louis Vuitton launches sustainable sneaker
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh
Farfetch posts GMV and revenue growth
Following the acquisition of a 47.5% stake in YOOX Net-A-Porter (YNAP), part of Richemont's group, the luxury online retailer announced results for the second quarter of fiscal 2022
Burberry obtains SBTi approval for net-zero emissions target
The UK-based group, which is set on reaching net-zero emissions by 2040 by reducing them across operations and the supply chain, is the first luxury company to receive this approval
Ferragamo partners up with Farfetch to reach younger generations
The Italian luxury group is partnering up with the online luxury retailer to boost its digital innovations capabilities and "engage in conversation" with Millennial and Gen Z shoppers
Tod's founding family launches bid to delist the company
The Della Valle family said their holding company would pay 40 euros per share to delist the company from the Milan-based stock exchange. The goal is to strengthen the underperforming luxury group
Prada reports strong first half
The Italian-based luxury group posted a net sales of increase of 22% in the first semester, as compared to the same period of the prior year, and is on track to meet midterm targets
Hermès sales grow in the first half
The French-based luxury group posted a revenue increase in the first half of 2022, with all geographical areas recording "strong growth". Performance in Greater China bounced back in June
Kering reports strong performance
Despite the global macro uncertainty, the French-based group posted a solid sales growth in the first half of 2022 in each of its Houses. Yves Saint Laurent’s performance reached “new highs”
LVMH announces first half results
"In a still disrupted environment", the French-based luxury group posted revenue growth in the first half of the year. The fashion & leather goods segment recorded a "remarkable" performance
Manolo Blahnik wins 22-year trademark battle in China
The British luxury shoemaker announced that it has won the long-running legal battle in China to use its name, becoming able to enter the world’s fastest-growing luxury market for the first time
Lockdowns in China hit Burberry's sales
The luxury group reported in a trading update that despite an overall recovery, sales in Mainland China dropped by 35% in the first quarter of 2022, as compared to the same period of last year-
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