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Luxury goods groups Hermes, Richemont enter blue-chip Euro STOXX 50 index

Luxury goods groups Hermes, Richemont enter blue-chip Euro STOXX 50 index

Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
Luxury
LFW's men's event won't happen in January, labels to join women's event again

LFW's men's event won't happen in January, labels to join women's event again

​The fashion events calendar is struggling to get back to some sort of normality as UK lockdowns end while the pandemic rumbles on, and the menswear edition of London Fashion Week is being affected by this.
Fashion
G-III tops guidance with 23% sales rise in third quarter

G-III tops guidance with 23% sales rise in third quarter

The parent company of brands including Donna Karan, DKNY and Sonia Rykiel has reported net sales of $1.02 billion for Q3, reflecting a 22.8% increase from $826.6 million in the same period in the previous year.
Fashion
Jacquemus takes first steps into childrenswear with capsule collection

Jacquemus takes first steps into childrenswear with capsule collection

For the year-end festivities, the French designer has dropped a collection of objects in a pink colour palette, including for the first time a few items for children aged 3-10, a way to test the childrenswear market.
Luxury
Prada sees second-hand fashion as opportunity, weighs partnerships

Prada sees second-hand fashion as opportunity, weighs partnerships

Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships.
Luxury
Armani to ban angora wool from next winter season

Armani to ban angora wool from next winter season

Armani Group said on Wednesday it would no longer use angora wool starting from the 2022-23 autumn/winter season, adding it to the list of excluded materials under its fur-free policy.
Fashion
Britons to spend £8.4bn with indies for Xmas, fashion is key

Britons to spend £8.4bn with indies for Xmas, fashion is key

​UK shoppers plan to spend £8.4 billion on buying Christmas gifts from independent retailers, some £2 billion more that a year ago, new research from Direct Line business insurance shows. That's 28% of their budget.
Fashion
Fashion Awards red carpet drove search spike for floral print dresses

Fashion Awards red carpet drove search spike for floral print dresses

​Red carpet events may have been thin on the ground in the past 18 months, but they still have the power to influence consumer fashion choices. And two high-profile red carpets have shown that in the past few few days.
Fashion
Perlie enters US, targets $25 million turnover in five years

Perlie enters US, targets $25 million turnover in five years

​Men’s footwear brand Perlie is targeting the US with a launch in the market following its “successful” debut in Europe. It has launched in the country via its own US website, as well through select stores and platforms.
Fashion
Gucci family slams House of Gucci movie release

Gucci family slams House of Gucci movie release

The Gucci family has hit out at the new House of Gucci movie, accusing it of inaccuracy and slamming the film’s makers for not speaking to the family before making it.
Luxury
Allbirds Q3 is strong but losses widen as it invests in growth

Allbirds Q3 is strong but losses widen as it invests in growth

Allbirds enjoyed a “strong” Q3 with the three months to the end of September seeing net revenues surging 33% year-on-year. 
Fashion
Luxury brands that reject resale risk losing out, says study

Luxury brands that reject resale risk losing out, says study

According to a new report from McKinsey, exploring the rapidly growing resale market not only opens a new revenue stream for luxury labels but could also have a positive effect on brand loyalty and desirability.
Luxury
House of Gucci: The label's clothes and accessories ride high after movie release

House of Gucci: The label's clothes and accessories ride high after movie release

Released in theaters on November 24, the "House of Gucci" movie has caused searches for clothing and accessories from the luxury fashion house to soar.
Luxury
Gucci heirs say "House of Gucci" portrays family as 'thugs'

Gucci heirs say "House of Gucci" portrays family as 'thugs'

The heirs of Aldo Gucci, the man who transformed the Florentine label into a global phenomenon, are not happy at the way their family is portrayed in Ridley Scott's "House of Gucci" film.
Luxury
Shaftesbury on speedy road to recovery as business bounce quickens in H2

Shaftesbury on speedy road to recovery as business bounce quickens in H2

​How’s this for a positive trading statement opening: “Confidence, footfall, trading recovering; rebound in occupier demand driving vacancy down towards pre-pandemic levels; valuation recovery in second half”.
Fashion
Buy now pay later numbers leap in UK

Buy now pay later numbers leap in UK

​Around 15 million people in the UK are using buy now, pay later (BNPL) credit, a rise of 23% year-on-year, a new study has shown.
Fashion