Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
accessories
News & Analysis
How the Legendary Birkin Bag Remains Dominant
It's safe to say that if you want to buy a Birkin, and you can afford one, it will eventually be yours. In the meantime, the exclusivity — both perceived and real — generates plenty of cultural cachet and continues the cycle of sales.
How the Legendary Birkin Bag Remains Dominant
It's safe to say that if you want to buy a Birkin, and you can afford one, it will eventually be yours. In the meantime, the exclusivity — both perceived and real — generates plenty of cultural cachet and continues the cycle of sales.
News & Analysis
Handbags at Dawn: Why Auction Houses Are Targeting Luxury Fashion
The world’s biggest auction houses are targeting luxury fashion. The result? Record-breaking Birkins, auctions during fashion week and a $60 million lawsuit.
Handbags at Dawn: Why Auction Houses Are Targeting Luxury Fashion
The world’s biggest auction houses are targeting luxury fashion. The result? Record-breaking Birkins, auctions during fashion week and a $60 million lawsuit.
China
Hermès Birkin Handbag Sells for Record $223,000 in Hong Kong
A Hermès Birkin crocodile bag in fuchsia sold for HK$1.72 million ($223,000) at Christie’s International Plc in Hong Kong, smashing the previous auction record for a handbag.
Hermès Birkin Handbag Sells for Record $223,000 in Hong Kong
A Hermès Birkin crocodile bag in fuchsia sold for HK$1.72 million ($223,000) at Christie’s International Plc in Hong Kong, smashing the previous auction record for a handbag.
Luxury
Michael Kors, Teen Fashion Idol
Michael Kors isn't just for grownups. The fashion line known for its accessible handbags and signature MK print turns out to have an enormous teenage fanbase.
Michael Kors, Teen Fashion Idol
Michael Kors isn't just for grownups. The fashion line known for its accessible handbags and signature MK print turns out to have an enormous teenage fanbase.
Retail
The Truth About Handbags
In the crowded and volatile market for handbags, not even Chanel and Hermès are safe, says Luca Solca, head of luxury goods at Exane BNP Paribas.
The Truth About Handbags
In the crowded and volatile market for handbags, not even Chanel and Hermès are safe, says Luca Solca, head of luxury goods at Exane BNP Paribas.
Financial Markets
Mulberry Signals Worst May Be Behind It as Profit Drop Eases
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Mulberry Signals Worst May Be Behind It as Profit Drop Eases
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Luxury
Mulberry Names Thierry Andretta As New CEO
Mulberry Group Plc, the troubled U.K. fashion brand, named Thierry Andretta as chief executive officer, ending a yearlong search for a replacement for Bruno Guillon.
Mulberry Names Thierry Andretta As New CEO
Mulberry Group Plc, the troubled U.K. fashion brand, named Thierry Andretta as chief executive officer, ending a yearlong search for a replacement for Bruno Guillon.
News & Analysis
The Maker of the World’s Coolest Hats is Heading Toward Bankruptcy
"Borsalino, the legendary Italian hat maker that has been covering the heads of Hollywood stars and the world’s rich and famous is in financial
The Maker of the World’s Coolest Hats is Heading Toward Bankruptcy
"Borsalino, the legendary Italian hat maker that has been covering the heads of Hollywood stars and the world’s rich and famous is in financial
News & Analysis
‘Made in Portugal’ is on the Rise
With a leather manufacturing heritage equal to that of luxury production powerhouses France and Italy, and offering comparable quality at a significantly lower cost, ‘Made in Portugal’ is on the rise.
‘Made in Portugal’ is on the Rise
With a leather manufacturing heritage equal to that of luxury production powerhouses France and Italy, and offering comparable quality at a significantly lower cost, ‘Made in Portugal’ is on the rise.
Luxury
How Mansur Gavriel Created the First Post-Recession It Bag
Mansur Gavriel is generating Birkin-esque waiting lists for its colourful handbags. Founders Rachel Mansur and Floriana Gavriel discuss getting the brand off the ground and the perks and pitfalls of its rapid growth.
How Mansur Gavriel Created the First Post-Recession It Bag
Mansur Gavriel is generating Birkin-esque waiting lists for its colourful handbags. Founders Rachel Mansur and Floriana Gavriel discuss getting the brand off the ground and the perks and pitfalls of its rapid growth.
News & Analysis
For Fashion Brands, the Rise of the Wrist
For fashion brands, watches have emerged as a key vector of growth, often powered by licensing deals with Fossil Group, a watchmaking behemoth that designs, manufactures, distributes and markets million of watches per year.
For Fashion Brands, the Rise of the Wrist
For fashion brands, watches have emerged as a key vector of growth, often powered by licensing deals with Fossil Group, a watchmaking behemoth that designs, manufactures, distributes and markets million of watches per year.
News & Analysis
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.