Luxury’s Reality Check: LVMH Fourth-Quarter Results Awaited with Bated Breath Luxury conglomerate LVMH, home to prestigious brands like Louis Vuitton, Dior, and Moët & Chandon, is set to release its fourth-quarter results. The stakes are high as industry insiders eagerly anticipate whether the report will confirm signs of a rebound in the luxury sector or […]
Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director
Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director Mayhoola, the esteemed owner of luxury fashion brands such as Valentino and Balmain, has recently appointed Riccardo Bellini as its new Managing Director. In his new role, Bellini will be entrusted with overseeing the strategy, operations, and development of the Qatari luxury group’s extensive portfolio, which not […]
What’s Working in a Tough Menswear Market
Italian Menswear: Thriving Amidst Luxury Market Challenges In the realm of luxury fashion, the menswear sector has faced its fair share of challenges in recent times. However, amidst the slowdown in the luxury market, Italian menswear has emerged as a beacon of resilience and innovation. At prestigious events like Pitti Uomo and Milan Men’s Fashion […]
Report: Capri Holdings Has Pitched Prada To Acquire Versace
Report: Capri Holdings Has Pitched Prada To Acquire Versace In the fast-paced world of luxury fashion, mergers and acquisitions are not uncommon. The latest buzz in the industry involves Capri Holdings, the parent company of iconic brands like Michael Kors, Jimmy Choo, and Versace. According to a report by Italian daily Il Sole 24 Ore, […]
Kering Stock Rating Cut to ‘Sell’ as Goldman Doubts Luxury Rally
Analysts at Goldman Sachs Group Inc. have expressed serious concerns about the stability of the recent rally in luxury-goods stocks, primarily driven by stimulus measures announced in China. These analysts have downgraded Kering SA, the parent company of Gucci, to a “sell” rating, highlighting a challenging outlook for the luxury sector. Louise Singlehurst, a Goldman […]
Telfar to Launch Real Leather Bags
Telfar, the independent fashion brand celebrated for its sought-after vegan leather totes, is taking a bold step into the luxury market by introducing a new line of real leather bags. This significant move highlights the brand’s ambition to cater to a more upscale audience while maintaining its focus on accessibility and inclusivity. The forthcoming collection, […]
Victoria Beckham's Losses Shrink as Sales Soar 50% at Fashion Brand
Victoria Beckham’s fashion and beauty venture has posted impressive results, narrowing losses to just £200,000 last year while sales skyrocketed by an impressive 52% to £89 million (approximately $112 million). This surge in revenue marks a significant turnaround for the brand, driven primarily by the growth of online sales, the performance of its flagship Mayfair […]