In Q3 of the current financial year, closed at the end of January, the fashion e-tailer recorded a 47.5% growth in sales, which were worth €164.8 million. Sales in the year’s first nine months grew by a solid 36.2%.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
The German luxury e-tailer announced on Wednesday that, as part of its aggressive expansion strategy in the U.S. and Canada, Heather Kaminetsky will be joining the company as president for North America on June 1, 2021.
Prada, Givenchy, and Marine Serre are just some of the labels that will be available on this new luxury platform aimed at African consumers, alongside local labels such as Rich Mnisi, AAKS, and Imad Eduso.
Fashion Week Tel Aviv celebrates its 10th anniversary this coming week, with four days of shows in a digital season, as a new generation of local design talent begins to capture international attention.