H1 results at Burberry showed it making “strong progress”, with full-price sales surging and higher margins. Outerwear and leather did well and it's expanding its new store concept rollout as it boosts customer spend.
The Italian luxury house has announced net income of 40 million euros for the first nine months of the fiscal year, solid results reflecting the brand's recovery, which has been led by Asia and the United States.
The outdoor apparel and footwear group reported an increase of 29.1% in its third-quarter revenue on Wednesday, progress achieved in spite of issues related to Vietnamese factory closures and global logistics hold-ups.
The CEO of Tomorrow, which recently bought Martine Rose, tells FashionNetwork.com how his service platform for emerging labels has added direct retail and consulting to its services in the midst of Covid and Brexit.
The Kering luxury group announced Wednesday evening that Daniel Lee has abruptly quit his position as creative director of Bottega Veneta after just three years at the helm. No successor has been named.
Luxe eyewear giant Safilo saw its business in the US recovering in Q3 and Europe being on the road to recovery, both regions offsetting a weaker Asian market and the loss of some key licences (such as Dior and Fendi).
Fast-growing Gymshark has taken on serial entrepreneur Gary Vaynerchuk as an advisor to its board. He’ll add expertise in e-tail, digital marketing, overall business strategy and more with a specific focus on the US.
ASOS’s share price has been falling on slowing growth, a profit warning and its CEO's exit and with a capital markets day hoping to address this on Wednesday, it has been talking up its future growth prospects