G-III Apparel Group announced on Wednesday a 6% sales uptick for the third quarter, as higher inventory levels caused logistical challenges within the U.S. company's distribution centers, hindering its bottom line.
Luxury accessories brand Mulberry reported its results for the 26 weeks up to 1 October on Wednesday and seemed upbeat, calling the performance “resilient”, despite a small sales dip and a swing to a pre-tax loss.
Pure London has named the keynote speakers for its February edition. The organisers said “retail industry legend” Ed Burstell and winner of All That Glitters, jewellery designer Piers Carpenter, will be the big names.
Italian fashion group Prada is set to hire former Luxottica chief executive Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, as said by a source.
UK-based investment fund Peninsula and Italian retail group Percassi have bought a 40% stake in apparel and beachwear label MC2 Saint Barth, created by Italian company Lanikai, owned by Max Ferrari and Raffaele Noris.
Open for Vintage (OFV) has unveiled a partnership with Farfetch-owned Luxclusif to power its new The Loop handbag buy-back service. It also comes with deeper ties to the Farfetch ecosystem via its new website upgrade.
The Spanish jewellery company announced that Xavier Rebés, former director of digital strategy and new business at Caixabank, has joined its executive committee and will be reporting directly to the company's CEO.