By Reuters API Published Dec 15, 2023 Italian fashion group Roberto Cavalli will return to profit next year, its chief executive Sergio Azzolari said in an interview published on Friday. “The operational break even will arrive by 2024 with the first profits,” he told newspaper MF.Azzolari, who has been in the job since April, said … Read more
Translated by Nicola Mira Published Dec 15, 2023 A new executive will soon take charge of industrial operations at Gucci. The Kering group’s leading label has appointed Massimo Vian, formerly COO of Prada, to the newly created post of head of industrial operations and the supply chain. A highly strategic role, given how important it … Read more
Lacoste and tennis go hand in hand so having announced a new brand ambassador, it’s no surprise that it has signed a tennis player. Arthur Fils – Lacoste The high-end label has signed up Arthur Fils who, after winning his first ATP title at just 19, became the youngest player in the men’s top 50 … Read more
Translated by Nicola Mira Published Dec 15, 2023 German fashion e-tailer Zalando is making its first foray into invite-only shopping. Customers will need to sign up to have a chance of being invited to a special sale of Fenty x Puma items that will kick off on December 19, 2023. Zalando customers will need to … Read more
H&M Group issued an update on Friday and while it covered both the fourth quarter and full year, it was (as is usual for the Swedish fashion retail giant) very Scandi-minimalist. H&M So, what did we learn? Net sales in Q4 — the period from 1 September to 30 November — were just-about-flat compared to … Read more
The Spanish town of Marbella, on the country’s south coast, is popular among overseas buyers. Artur Debat | Moment | Getty Images There are three European countries that are “perennial favorites” for people to buy a vacation home, according to Kate Everett-Allen, a partner at real estate firm Knight Frank. France, Italy and Spain all … Read more
Beauty brand Estée Lauder announced on Thursday the launch of its Skin Longevity platform, backed by a new product innovation. Estée Lauder announces new Skin Longevity initiative. – Estée Lauder Grounded in 15 years of pioneering skin longevity research, the platform introduces the revolutionary age-reversal SIRTIVITY-LP technology. Garnering 29 worldwide patents and presenting at over … Read more
Reitmans announced on Thursday third-quarter results that fell short of the performance seen last year. Reitmans sales fall over 6% in Q3. – Reitmans The Canadian fashion group, and owner of brands such as Penningtons and Rw&Co, said sales for the third quarter 2024 were $193.4 million, down 6.2% from $206.2 million in the third quarter of … Read more
By Bloomberg Published Dec 14, 2023 European clothing retailers Zara, Primark and Mango are making further inroads into the US interior via mall openings as they target areas with faster population growth than on the coasts.States such as Utah, Colorado and Tennessee have become a “very relevant” demographic for Zara, according to Spanish owner Inditex … Read more
THG had big news on Thursday with the unveiling of THG Partnership in Action — or ‘PACT’ — a new initiative “focused on collaboration with suppliers to foster a culture of sustainability while mutually decarbonising operations and leaving the world a better place than it was found”. THG The company, whose varied business lines include … Read more
