Jean-Christophe Babin Takes the Lead as CEO of LVMH Watches In a strategic move that has set the luxury watch industry abuzz, LVMH has recently announced the appointment of Jean-Christophe Babin as the new CEO of LVMH Watches. This decision marks a significant shift in the leadership of the renowned conglomerate’s watch division, with Babin […]
Prada’s CEO Flies to New York as Speculation Swirls Over Versace Bid
Prada’s CEO Flies to New York as Speculation Swirls Over Versace Bid Amidst the whispers of a potential acquisition of Versace, the fashion world is buzzing with excitement as Prada’s CEO, Andrea Guerra, recently jetted off to New York. Reports suggest that he was accompanied by Lorenzo Bertelli, the son of the Italian luxury group’s […]
Gap Surges on Strong Sales Led by ‘Impressive’ Namesake Brand
Gap Surges on Strong Sales Led by ‘Impressive’ Namesake Brand Gap Inc. has recently witnessed a remarkable surge of 17 percent in its shares, leaving investors pleasantly surprised with the quarterly sales figures. The renowned retail giant has managed to outperform market expectations, with its flagship brand, Gap, leading the impressive charge. Alongside Gap, Old […]
OTB’s Annual Sales Fall 4% Despite Growth at Diesel and Margiela
OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates In the realm of luxury timepieces, the Swiss watch industry has long been the epitome of excellence and craftsmanship. However, recent insights suggest a shifting landscape that could have a significant impact on the export market. According to Morgan Stanley’s annual report, […]
Ferragamo Parts Ways With CEO Marco Gobbetti
Ferragamo Parts Ways With CEO Marco Gobbetti Italian luxury fashion house Salvatore Ferragamo has announced the departure of CEO Marco Gobbetti next month, after just over three years at the helm. Gobbetti’s tenure was marked by challenges as the brand struggled to curb sliding sales, with shares plummeting by a staggering 66 percent during his […]