Luxury

Vestiaire Collective: financing round backed by Kering and Tiger Global Management

Mar 10, 2021 / France

The second-hand fashion platform announced the completion of a new 178 million euros financing round, backed by global French luxury group Kering and US investment firm Tiger Global Management

Brands Companies Fashion Footwear France Investment Italy Kering Luxury Pre-Owned Second-hand United States

Christian Louboutin sells 24% stake to Ferrari owner

Mar 9, 2021 / France

Holding company Exor and Christian Louboutin announced a partnership whereby Exor will invest 541 million euros to become a 24% shareholder in Christian Louboutin, alongside the founders and will nominate 2 of the 7 members of the Company’s Board of Directors

Acquisitions Brands Companies Fashion Footwear France Louboutin Luxury

Birkenstock sells majority stake to the company behind LVMH

Mar 2, 2021 / Germany

The Germany-based lifestyle brand has reached an agreement to sell a majority stake in Birkenstock Group to L Catterton, the private equity firm, and its affiliates including Financière Agache, the family investment company of Bernard Arnault (owner of LVMH)

Acquisitions Birkenstock Brands Companies Footwear Germany Luxury LVMH Shoes

Asian recovery helps Hermès to limit impact of the crisis in 2020

Feb 23, 2021 / France

The luxury group Hermès will withstand the health crisis in 2020 thanks to the strong recovery in Asia during the second semester, which compensates weak results in other regions, especially in Europe

Brands Companies France Hermès Leather goods Luxury Quarter Results Results

Tod's closes the year with sales down by 30.4%

Feb 19, 2021 / Italy

In fiscal year 2020, Tod's consolidated sales totaled 637.2 million euros, down by 30.4% from 2019. In the fourth quarter of 2020, sales amounted to 184.5 million euros, down by 22.6%. China is already growing in double digits

Accessories Brands Companies Coronavirus - Covid19 Fashion Footwear Italy Leather goods Luxury Retail Shoes Tods

Prada with recovery in December to 2019 levels

Feb 16, 2021 / Italy

The Italian luxury group has announced progressive volume recovery in all geographical areas, with marked revenue growth in Asia Pacific. Prada also confirmed a full recovery to 2019 levels in the month of December

Accessories Brands Companies Footwear Italy Leather Luxury Results

Tapestry: sales fall by 7% in holiday quarter

Feb 5, 2021 / United States

The New York-based house of modern luxury accessories and lifestyle brands reported results for the fiscal second quarter ended on the 26th of December 2020. Tapestry, the owner of Coach, Kate Spade and Stuart Weitzman registered a 7% decline in sales during the last quarter of the year

Accessories Brands Coach Companies Coronavirus - Covid19 Footwear Leather Leather goods Luxury Shoes Tapestry United States

Prada’s December retail sales return to 2019 levels

Jan 13, 2021 / Italy

Progressive volume recovery in all geographical areas, with marked revenue growth in Asia Pacific was underlined by the luxury group brand

Brands Companies Fashion Footwear Italy Luxury Prada Results Sales

Rimowa with new CEO

Jan 8, 2021 / France

LVMH Moët Hennessy Louis Vuitton has named Hugues Bonnet-Masimbert the new Chairman and Chief Executive Officer of Rimowa

Brands Companies France Luxury Management People

LVMH completes the acquisition of Tiffany & Co.

Jan 7, 2021 / France

The luxury group announced that it has completed the acquisition of Tiffany & Co., the global luxury jeweller. The acquisition of this iconic US jeweller will transform LVMH’s Watches & Jewellery division and complement LVMH’s 75 distinguished Maisons

Accessories Brands Companies France Leather goods Luxury

Gucci joins Alibaba's luxury e-commerce site

Dec 23, 2020 / China

One of the key brands of the Kering group's portfolio, will open two stores on Alibaba's online trading platform, in a move that underlines the importance of the Chinese market for luxury brands heavily affected by the coronavirus crisis

Alibaba Brands China ecommerce Fashion Gucci Luxury Online

Farfetch sets 10-year sustainability goals

Dec 18, 2020 / United Kingdom

The online fashion retailer has announced a set of sustainability goals for the next ten years divided in four main areas, ranging from being climate positive to promoting conscious inclusion

Environment Farfetch Fashion Footwear Luxury Online Sustainability United Kingdom

Chloé appoints Gabriela Hearst Artistic Director

Dec 9, 2020 / France

The Richemont-owned French luxury fashion house announced the appointment of Gabriela Hearst to the position of Artistic Director after making official the departure of Natacha Ramsay-Levi last week

Accessories Brands Companies Fashion Footwear France Leather goods Luxury Management People

Gucci, Burberry, Prada, Dior and Moncler win the Altagamma Digital Awards 2020

Dec 7, 2020 / Italy

The fourth edition of Altagamma Digital Awards revealed the winners. The distinction is given to Personal Luxury brands that standout for their digital leadership. The 2020 edition was organised in partnership with the National Chamber of Italian Fashion

Awards Burberry Digital Fashion Gucci Italy Luxury Prada