The three groups have announced in quick succession three different initiatives that emphasise their social commitment, from supporting biodiversity to championing young emerging designers and inclusivity.
Dior has once again snatched first place in Launchmetrics’ quarterly list of the top power players in luxury fashion, while Gucci has made solid progress in China as the country leads the sector’s post-pandemic recovery.
After taking a plunge last week following the announcement of China’s wealth redistribution plan, share prices for the leading luxury groups made up some ground earlier this week, though uncertainty lingers.
Leave it to Tommy Hilfiger to launch a path-breaking new collab’ collection with happening young talent Romeo Hunte when most of the industry is on vacation in the Hamptons or partying in the Med. It debuts on August 12.
Italian fashion group Prada sees sales rising further in the second half of the year after revenues beat market expectations in the first six months, extending a recovery from the worst of the Covid-19 crisis.