Luxury
The latest news
DVF brings ops in-house again as new CEO de Boni re-sets the business
DVF founder Diane von Furstenberg and its CEO Graziano de Boni said on Friday that they’re “excited to announce that by the end of 2024 the operations of the 52-year-old brand will be managed in-house again”.
Fashion
Hugo Boss shareholder Frasers files request to buy more shares
Hugo Boss' second-biggest shareholder, British sports and fashion retailer Frasers, has filed a request to acquire more shares in the German company, according to a filing with the German competition authority.
Luxury
Burberry’s 15-year stay in FTSE 100 nears end after share slump
Burberry Group Plc is on the verge of exiting the FTSE 100 Index, ending the luxury-goods maker’s 15-year stay in
Luxury
Chanel buys minority stake in cutting-edge Swiss watchmaker MBF
Chanel Ltd. is buying a minority stake in Swiss watch brand MBF in a deal that will give the independent watchmaker financial security while boosting the French fashion brand’s standing in the high horology industry.
Luxury
World's second largest diamond found in Botswana
A massive 2,492-carat diamond -- the second largest in the world -- has been discovered in Botswana, the Canadian mining company that found the stone announced Thursday.
Luxury
BFC reveals Fashion Award nominees for 2024, Jonathan Anderson up for multiple awards
The British Fashion Council announced on Tuesday the nominees for the 2024 Fashion Awards, celebrating the very best in British and international design talent, with Jonathan Anderson nominated for three awards.
Luxury
Guess names new interim CFO
Guess Inc. announced on Monday the appointment of Dennis Secor to the role of interim chief financial officer, effective August 26.
Fashion
Louis Vuitton names Jude Bellingham new ambassador
Louis Vuitton has announced the appointment of football star Jude Bellingham as the latest ambassador of the French luxury maison.
Luxury
China's spending slump weighs as e-commerce giant Alibaba misses estimates
Alibaba Group Holding missed market expectations for first-quarter revenue as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.
Fashion
UK retail sales rise after discounts and Euros lift spending
UK retail sales bounced back in July after summer discounts and the Euros football competition unleashed spending at department stores and sports shops.
Fashion
Versace partners with RGZ Developers to design exclusive villas in Marbella
Italian luxury house Versace has teamed up with RGZ Developers to design eight villas in the Nueva Andalucía area of Marbella.
Luxury
Britain to trial use of drones in deliveries, emergency services
Britain's aviation regulator has selected six projects, including one by e-commerce giant Amazon, to test the use of drones in deliveries, inspection of infrastructure and emergency services, it said on 15 August.
Fashion
Possible US seaport strike could back up goods for months, shipping experts say
A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday.
Fashion
UK inflation rose to 2.2% in July
British consumer price inflation rose to 2.2% after two months at the Bank of England's 2% target, official figures showed on 14 August. Economists polled by Reuters had forecast the annual CPI rate would rise to 2.3%.
Fashion
Federer-backed On beats sales estimates on full-price selling
On Holding beat analysts' estimates for second-quarter revenue on 12 August on strong demand from customers looking for trendy products but shares fell 8% premarket after the company reiterated its sales forecast.
Fashion
UK riots impact footfall but boost e-tail
Riots last week led to a near-5% decline in high street footfall but a 2.5% jump in home deliveries that helped to make up for the dip.
Fashion