World Footwear

Luxury

Slower demand for luxury impacts Burberry’s full year forecasts

Nov 22, 2023 / United Kingdom
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide

Capri posts results below expectations

Nov 20, 2023 / United States
The owner of Versace, Michael Kors and Jimmy Choo posted an 8.6% fall in revenue in the second quarter of fiscal 2024, as compared to the same period of last year, will all brands underperforming

Tapestry’s sales growth slows down

Nov 15, 2023 / United States
The US-based company posted record net sales of 1.51 billion US dollars in the first quarter of fiscal 2024, but a figure only slightly higher than the one recorded a year ago

Prada announces nine months results

Nov 9, 2023 / Italy
The Italian-based luxury group posted a 17% increase in revenue in the first nine months of 2023, as compared to the same period of last year, underpinned by solid retail sales growth in all regions

Ferragamo acquires minority stake in three Greater China joint ventures

Nov 2, 2023 / Italy
The Board of Directors of the luxury group has announced the purchase of the minority interests held by Imaginex Holdings and Imaginex Overseas in the three Greater China joint ventures

Hermès reports solid performance

Oct 27, 2023 / France
From January to September 2023, the French-based luxury group’s revenue reached 10.1 billion euros, increasing from the 8.6 billion euros recorded in the same period of last year

Kering posts revenue decline

Oct 26, 2023 / France
The French-based luxury group posted a 13% revenue decline in the third quarter of 2023, as compared to the same period of last year, due to weak performances at all of its main Houses

Partnership between Richemont and Farfetch receives antitrust clearance

Oct 24, 2023 / United Kingdom
The European Commission (EC) has “unconditionally” approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-a-Porter. The EC was the last regulatory authority required to give authorisation

Ferragamo posts net sales decline

Oct 23, 2023 / Italy
In the first nine months of 2023, the luxury group posted a net sales decline of 8.3% at current exchange rates or 9.2% at constant exchange rates, as compared to the same period of 2022

Bottega Veneta is launching an academy to preserve craftsmanship

Oct 19, 2023 / Italy
The Kering-owned Italian label is establishing the Accademia Labor et Ingenium, a school that reinforces its commitment to supporting and developing artisanal craftsmanship

LVMH’s growth slows in the third quarter

Oct 12, 2023 / France
The French-based luxury conglomerate posted an organic revenue growth of 9% in the third quarter, as compared to an organic growth of 17% recorded in the previous quarters of 2023

Manolo Blahnik’s sales and profits soared in 2022

Oct 11, 2023 / United Kingdom
The UK-based footwear and accessories brand posted a “record financial performance” in 2022, and thanked its employees by distributing more than 1 million euros in bonuses last November

The Burberry Foundation announces programme to support young Ukrainians

Oct 9, 2023 / United Kingdom
The foundation set up by the Burberry Group is partnering with the organization Save the Children to launch the Life Chances programme, which aims to support young people affected by the war in Ukraine

Prada appoints Luigi Preziotti as Design Director

Oct 6, 2023 / Italy
The Italian-based luxury group has appointed Luigi Preziotti as Design Director and also confirmed Dario Vitale in his current role as Miu Miu's Design Director

LVMH's Métiers d’Art acquires Spanish tannery Grupo Verdeveleno

Sep 29, 2023 / France
The LVMH subsidiary designed to preserve the group's expertise in luxury raw materials and craftsmanship has acquired the Grupo Verdeveleno, a Spanish tannery specialising in exotic skins
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