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Luxury

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Top 100 luxury companies generated $252 billion in 2020

Top 100 luxury companies generated $252 billion in 2020

Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
Luxury
Joseph Altuzarra launches 'genderful' brand Altu

Joseph Altuzarra launches 'genderful' brand Altu

Joseph Altuzarra introduced on Thursday a new "genderful" brand, dubbed 'Altu', that aims to reimagine and challenge traditional notions of dress. 
Luxury
Zegna unveils new logo, launches techy Zegna Outdoor capsule collection

Zegna unveils new logo, launches techy Zegna Outdoor capsule collection

Zegna may have just celebrated its 110th anniversary, but this is one brand that keeps on evolving. On Friday, the Italian marque will launch a new collection, Zegna Outdoor Capsule, and also unveils a brand new logo.
Fashion
The RealReal reports 51% GMV increase in November

The RealReal reports 51% GMV increase in November

The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
Fashion
Omicron variant to boost online festive sales says ParcelHero

Omicron variant to boost online festive sales says ParcelHero

​UK consumer concerns over the new Omicron coronavirus variant will mean there will be another £35 billion+ online spend this Christmas, predicts ParcelHero.
Fashion
Thailand's Central denies Selfridges buy after report says it won £4bn race for firm

Thailand's Central denies Selfridges buy after report says it won £4bn race for firm

Thailand’s Central Group has denied it’s in talks to buy Selfridges after it was reported globally that the firm will buy the business, perhaps as soon as this month.
Fashion
Designer Adolfo dies at 98

Designer Adolfo dies at 98

New-York based designer Adolfo Sardinia died at his Manhattan home on Saturday at age 98. 
Luxury
Luxury goods groups Hermes, Richemont enter blue-chip Euro STOXX 50 index

Luxury goods groups Hermes, Richemont enter blue-chip Euro STOXX 50 index

Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
Luxury
LFW's men's event won't happen in January, labels to join women's event again

LFW's men's event won't happen in January, labels to join women's event again

​The fashion events calendar is struggling to get back to some sort of normality as UK lockdowns end while the pandemic rumbles on, and the menswear edition of London Fashion Week is being affected by this.
Fashion
G-III tops guidance with 23% sales rise in third quarter

G-III tops guidance with 23% sales rise in third quarter

The parent company of brands including Donna Karan, DKNY and Sonia Rykiel has reported net sales of $1.02 billion for Q3, reflecting a 22.8% increase from $826.6 million in the same period in the previous year.
Fashion
Jacquemus takes first steps into childrenswear with capsule collection

Jacquemus takes first steps into childrenswear with capsule collection

For the year-end festivities, the French designer has dropped a collection of objects in a pink colour palette, including for the first time a few items for children aged 3-10, a way to test the childrenswear market.
Luxury
Prada sees second-hand fashion as opportunity, weighs partnerships

Prada sees second-hand fashion as opportunity, weighs partnerships

Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships.
Luxury
Armani to ban angora wool from next winter season

Armani to ban angora wool from next winter season

Armani Group said on Wednesday it would no longer use angora wool starting from the 2022-23 autumn/winter season, adding it to the list of excluded materials under its fur-free policy.
Fashion
Britons to spend £8.4bn with indies for Xmas, fashion is key

Britons to spend £8.4bn with indies for Xmas, fashion is key

​UK shoppers plan to spend £8.4 billion on buying Christmas gifts from independent retailers, some £2 billion more that a year ago, new research from Direct Line business insurance shows. That's 28% of their budget.
Fashion
Fashion Awards red carpet drove search spike for floral print dresses

Fashion Awards red carpet drove search spike for floral print dresses

​Red carpet events may have been thin on the ground in the past 18 months, but they still have the power to influence consumer fashion choices. And two high-profile red carpets have shown that in the past few few days.
Fashion
Perlie enters US, targets $25 million turnover in five years

Perlie enters US, targets $25 million turnover in five years

​Men’s footwear brand Perlie is targeting the US with a launch in the market following its “successful” debut in Europe. It has launched in the country via its own US website, as well through select stores and platforms.
Fashion