The first quarter of 2024 has reshaped the geography of Kering’s outlets. Over the period, traffic in the shops of its main houses, and in particular those of its flagship brand Gucci, fell everywhere in the world, with the notable exception of Japan and to a lesser extent the ‘rest of the world’ zone, driven … Read more
Translated by Nicola Mira Published Apr 24, 2024 Relative to the number of uses, a fast-fashion item is said to cost more than the corresponding item bought on French high-end resale specialist Vestiaire Collective. The estimate is based on the ratio between purchasing price and number of uses, calculated by Vestiaire Collective following a survey … Read more
Heritage knitwear specialist John Smedley is betting on UK manufacturing being able to make a comeback in a much-changed world and is investing millions in making its factory in England available for third-party manufacturing for the first time in four decades. John Smedley The globally-stocked brand said it has seen growing demand for manufacturing services … Read more
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of French luxury group Kering sunk more than 9% at open on Wednesday, after the company warned that it expects a sharp downturn in first-half profits as a result of waning demand for … Read more
La Mer has named Taiwanese singer Jay Chou as its first-ever male ambassador. La Mer Chou will promote the Estée Lauder Companies-owned skin care brand’s The Treatment Lotion and The Hydrating Infused Emulsion products in his first campaign. This will be the 45-year-old’s first beauty partnership, after having fronted fashion house Dior as a global ambassador in … Read more
By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six … Read more
Luxury e-commerce platform Saks unveiled on Tuesday the Saks Media Network, a new initiative aimed at assisting brands in reaching Saks’ affluent customer base through digital advertising across the shopping journey. Saks launches Saks Media Network. – Saks Through the Saks Media Network, harnessing Saks’ extensive customer data, and a robust traffic volume exceeding 435 … Read more
Based in Los Angeles for seven years, designer Hanchen Xu has just presented the first collection of his Xüxü fashion brand. A first for this former architect-turned-fashion designer, Xu chose to present his line on a California volcano. California is home to more than twenty volcanoes, all of which have been extinct for thousand of years. A … Read more
Translated by Roberta HERRERA Published Apr 23, 2024 Mango’s focused efforts to be perceived as a premium, aspirational, and desirable brand are part of a significant project that has been years in the making. This has involved strategic alliances with select brands like American Simon Miller and Italian Boglioni, as well as collaborations with celebrities … Read more
Ermenegildo Zegna Group continues to grow at the start of the year, but at a slower pace. The Italian company specialising in luxury menswear posted sales of €463.2 million in the first quarter of 2023, up 8.1% (+10.7% at constant exchange rates). These results were driven primarily by strong performances in the United States and … Read more
