Valentino Unit Put Under Court Administration Over Labour Exploitation Italian luxury fashion house Valentino has recently come under fire as a Milan court has ruled to put its unit, Valentino Bags Lab, under court administration due to allegations of labor exploitation. The court’s decision stems from findings that Valentino Bags Lab had subcontracted production to […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
Luxury Labels Ditch Steep China Discounts to Rebuild Value
Luxury Labels Ditch Steep China Discounts to Rebuild Value In the realm of luxury fashion, the allure of exclusivity has always been a driving force behind the desirability of high-end brands. However, in recent years, global fashion houses have found themselves caught in a precarious balancing act between maintaining their prestigious image and catering to […]
Mytheresa Secures Regulatory Approval to Acquire YNAP
Mytheresa Secures Regulatory Approval to Acquire YNAP Mytheresa, the renowned German luxury e-tailer, has recently made headlines by successfully securing regulatory approval for its acquisition of Yoox Net-a-Porter (YNAP). This strategic move is poised to shake up the e-commerce landscape and solidify Mytheresa’s position as a major player in the luxury fashion industry. The deal, […]
Retail Pioneer Darshan Mehta Has Died
Remembering the Legacy of Retail Pioneer Darshan Mehta The recent passing of Darshan Mehta, a seasoned veteran in the retail industry, has left a significant void in the world of luxury fashion in India. With an illustrious career that spanned over two decades, Mehta made a lasting impact on the landscape of retail, particularly in […]
Louis Vuitton in Talks with Cheng Family for Hong Kong Mega-Store
Louis Vuitton Expanding Presence in Asia with Potential Mega-Store in Hong Kong Luxury fashion powerhouse Louis Vuitton is setting its sights on a grand expansion in Asia, with talks underway to establish a colossal mega-store in Hong Kong. Sources reveal that the renowned brand is currently in negotiations with the prominent Cheng Family for a […]