Kering shares drop after Gucci slump prompts profit warning
By Bloomberg Published Apr 24, 2024 Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at…
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Prada and Miu Miu get a boost from China as rival Gucci struggles
By Bloomberg Published Apr 24, 2024 Prada SpA’s sales jumped as the Italian fashion group, which also owns Miu Miu, continues to outperform its biggest rivals. See catwalkPrada – Fall-Winter2024…
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Thomas Sabo’s UK results show tough times for the business
Thomas Sabo UK has filed its accounts for the year to last June with the British arm of the German jeweller saying its turnover and profits fell while its costs…
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Xüxü fashion brand shows on the volcanoes of California
Shanghai-born and Los Angeles-based designer Hanchen Xu has just presented the first collection of his luxury and unisex Xüxü fashion brand, entirely shot on a Californian volcano. Source link
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Kering warns profit to tumble following Gucci woes in China
By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci…
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Wethenew acquires assets from bankrupt competitor Kikikickz
While its main competitor in France, Kikikickz, went bankrupt at the end of 2023, the Wethenew platform, which was built around the resale of exceptional trainer models, is taking over…
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Ermenegildo Zegna grows by 8% in the first quarter
The Italian group achieved sales of 463 million euros in the first quarter, driven by the US, where sales jumped by 58%, while they fell by 15% in China. While…
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Valentino sees sales fall in 2023
Hit by the crisis of the luxury goods market, Valentino ended 2023 on a low note. As the Roman luxury label prepares to start a new chapter with the arrival…
Read MoreJD Sports agrees to buy Hibbett for $1bn+
The JD Sports Fashion acquisition spree is showing no signs of slowing down with the company on Tuesday announcing the proposed acquisition of Hibbett Inc, the American stock exchange-listed retail…
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Primark on a roll as UK, Europe and US all stay strong
Associated British Foods announced its interim results on Tuesday covering the 24 weeks to the beginning of March, and they showed that the company’s Primark chain is continuing to prosper…
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