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Ralph Lauren rebounds in Q1, N America sales jump 300%

Ralph Lauren rebounds in Q1, N America sales jump 300%

With a strong performance across North America and Europe, American fashion company Ralph Lauren Corporation has bounced back with 182% growth in revenue to $1.4bn.
Luxury
Hermès bounces back as H1 beats both 2020 and 2019

Hermès bounces back as H1 beats both 2020 and 2019

​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.
Luxury
Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann. 
Fashion
Gucci and Rolex are still just as popular when it comes to counterfeits

Gucci and Rolex are still just as popular when it comes to counterfeits

If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
Luxury
Rolex tops list of most searched for fakes

Rolex tops list of most searched for fakes

​UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Luxury
LVMH first-half profits soar on rebound from pandemic

LVMH first-half profits soar on rebound from pandemic

LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
Luxury
Selfridges is up for sale, offers over £4bn sought

Selfridges is up for sale, offers over £4bn sought

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Luxury
Switzerland’s watch exports recover in June

Switzerland’s watch exports recover in June

Swiss watch exports saw their recovery speed up in June, again driven by China and the US but with Europe and Japan still lagging behind, the Swiss watchmaking federation announced on Tuesday.
Luxury
Burberry opens new concept flagship on Sloane Street, more planned globally

Burberry opens new concept flagship on Sloane Street, more planned globally

​Burberry has officially unveiled its new-concept flagship on Sloane Street in London. It’s the first of its flagships to feature its new global design concept “that encapsulates the essence of the luxury house”.
Luxury
Dior opens temporary Fifth Avenue store

Dior opens temporary Fifth Avenue store

Dior opened the doors to a new temporary boutique on Monday on New York’s iconic Fifth Avenue and the southeast corner of 59th Street.
Luxury
Vetements' new brand to launch in Paris on Thursday

Vetements' new brand to launch in Paris on Thursday

Vetements, the Zurich-based fashion brand founded by Demna Gvasalia and his brother Guram, is finally set to reveal its “secret project” involving the launch of a new brand, in Paris, on Thursday. 
Luxury
LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant. 
Luxury
Ermenegildo Zegna to list shares on NYSE in $3.2bn SPAC deal

Ermenegildo Zegna to list shares on NYSE in $3.2bn SPAC deal

Just a day after news that L Catterton will take a stake in Etro, Ermenegildo Zegna said it will list its shares in New York and is combining with Investindustrial Acquisition Corp, which will be a minority shareholder. 
Luxury
Cannes fashion: The good, the bad and the plain weird

Cannes fashion: The good, the bad and the plain weird

With so few red carpets to walk this past year, stars, celebs and the world's sharpest-elbowed influencers piled onto the "tapis rouge" at the Cannes film festival.
Luxury
Rebag introduces single-transaction swaps with Clair Trade

Rebag introduces single-transaction swaps with Clair Trade

The digital-first resale platform for designer handbags and accessories has announced the launch of Clair Trade, an instant trade-in program allowing customers to buy and sell pieces in one transaction.
Fashion
Burberry upbeat as Q1 shows strong rebound

Burberry upbeat as Q1 shows strong rebound

Burberry has reported “an excellent start” to its financial year with a Q1 trading update on Friday showing it has “attracted new, younger luxury customers to the brand”. 
Luxury