Gen Z and Millennial consumers will account for two thirds of the luxury market in 2025, forcing labels to adapt their strategies to their young clientèle’s “activist” vision, said the latest study by Bain & Co.
Online fashion retailer In The Style is planning a £100 million stock market listing. The digital retailer has hired independent investment bank Liberum to investigate its options, including an AIM flotation next year.
Nike Inc said on Friday it would raise its quarterly dividend by 12%, or 3 cents per share, underscoring the financial strength of the world's largest sportswear maker in the midst of the Covid-19 pandemic.
London stocks inched higher on Friday as upbeat retail sales data, the prospect of easing coronavirus restrictions and hopes for a vaccine set the benchmark indexes on course for their third straight week of gains.
The St. Louis, Missouri-based footwear group announced Q3 revenues of $647.5 million on Thursday and revealed plans to implement widespread closures in the brick-and-mortar network of its Naturalizer brand.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.