Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros this year, their largest ever drop and first since 2009, due to the fallout from the coronavirus pandemic, consultancy Bain said on Wednesday.
Hot on the heels of Moncler revealing its strong showing in the new Dow Jones Sustainability Index (DJSI), Burberry said it has been included in the ranking for the sixth consecutive year with its highest ever score.
Gucci debuted its fashion TV series on Monday evening, featuring its latest collection, an online innovation entitled Ouverture of Something That Never Ended, jointly directed by Alessandro Michele and Gus Van Sant.
Farfetch is rarely out of the news these days and it’s currently making headlines with its Q3 results. It's still loss-making, but appears to be riding the wave of the "paradigm shift in favour of online luxury".
A rare pink diamond derived from the biggest raw stone of the colour ever found in Russia was sold for $26.6 million on Wednesday at Sotheby's in Geneva.
The Richardson, Texas-based watch and accessories group reported Q3 earnings of $16.0 million on Wednesday, progress which led shares in the company to shoot up more than 32% in after-hours trading.
During one of the most challenging periods in its history, luxury UK department stores retailer Selfridges & Co has named Andrew Keith as its new Managing Director.
The outcry against plans to end tax-free shopping in the UK intensified this week with some of the world’s heavyweight luxury brands pressing the government to reverse its proposals.
2020 has proved to be “a significant challenge” for luxury store Harrods, but before the unprecedented events that began in March, the business posted rises in both sales and profits.
Jewellery giant Pandora won't be closing any of its thousands of stores permanently as a result of the business downturn due to the pandemic. Its CEO said the business needs a seamless mix of online and offline.
An extremely rare pink diamond will be auctioned in Geneva on November 11 by Sotheby's, which says it is worth between $23 and $38 million.
The company managed to decelerate declines in its Q2 revenues, which totaled 2.82 billion euros, down 30% from the prior-year period, results announced as the retailer implements ERTE furloughs around Spain.
French luxury house Chanel has increased prices for a second time this year, it said on Friday, as high-end brands seek to protect margins from the fallout of the coronavirus pandemic.
The big news around Richemont this week may have been its major investment in Farfetch, but on Friday it also made headlines with its own half-year results.
Lacoste has linked up with National Geographic for a novel capsule collection designed to celebrate the beauty of the natural world. An alliance of Lacoste’s silhouettes with striking animal prints.
