Revenues at Ferragamo down 17% in Q1, hit by China
By Reuters API Published May 9, 2024 Revenues at Italian luxury group Salvatore Ferragamo fell 16.6% at constant exchange rates in the first quarter, with China proving difficult and amid…
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My Wardrobe HQ merges with Cercle to scale luxury fashion rental and resale ops
My Wardrobe HQ has merged with fellow luxury fashion rental and resale platform Cercle. Financial details of the deal weren’t revealed. The “strategic move” sees “MWHQ expand its global presence…
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Elisabetta Franchi debuts in bridalwear with Pronovias
Translated by Nicola Mira Published May 9, 2024 The relaunch of Italian women’s ready-to-wear label Elisabetta Franchi continues. The label has announced it will debut in the wedding and occasionwear…
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Carlo Pignatelli sells majority stake to holding company GD
Translated by Nicola Mira Published May 9, 2024 A landmark moment for Italian bridal and occasionwear label Carlo Pignatelli, which has sold a majority stake to the GD holding company….
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Henri-Lloyd goes back to roots from AW24 collection
The Henri-Lloyd brand is continuing its reinvention since it was acquired by performance sports specialist Odlo almost two years ago and since appointing Kestin Hare to its creative helm as…
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Watches of Switzerland Group to buy Roberto Coin’s US ops
Italian jewellers are clearly in fashion. Just a day after Richemont announced it’s buying Vhernier, UK-based Watches of Switzerland Group had its own big news — it’s buying Roberto Coin…
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Wolverine reports 34% Q1 sales fall, appoints new CFO
Wolverine World Wide announced on Wednesday revenue fell 34.1% to $394.9 million for the first quarter ended March 30, 2024, after downsizing its business throughout 2023. Wolverine reports 34% Q1…
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Puma upbeat on growing demand, shares jump
By Reuters API Published May 8, 2024 A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year…
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Shopify’s downbeat revenue growth forecast sends shares to six-month low
By Reuters Published May 9, 2024 Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending,…
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Nicola Bijan launches NB44 brand on membership model
His name probably rings a bell. Nicola Bijan is the son of Bijan Pakzad, an Iranian immigrant who founded the luxury fashion house House of Bijan in 1976 on Rodeo…
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