The luxury marketplace bought New Guards, which operates streetwear sensation Off-White, for a total value of $675 million and plans to tap into the group to launch 'brands of the future.' In after-hours trading, Farfetch shares plunged by over 40 percent, marking an all-time low for the stock.
Despite most luxury companies reporting sales growth in the latest round of results, investors’ appetite has cooled, in part due to high valuations.
While the move to sell more at full price drove a better-than-expected quarterly profit, it took a toll on Kors' store traffic, with same-store sales falling in the low single digits.
Safilo said earlier this month it would lose its license at the end of 2020 to use the Dior brand, which accounted for 14 percent of sales in the first half and which will likely go instead to LVMH's eyewear partner Marcolin.
Shares in the suit-maker fell as much as 3.8 percent in early Frankfurt trading, their biggest intraday decline in two months.
Sales at the Italian luxury group rose for the second quarter in a row in the three months to June.
As the city's retail sector braces itself for a double digit decline, Richemont, Kering and DFS are already seeing an impact.
As Gucci's meteoric sales growth finally comes back down to earth, parent company Kering hasn’t found a new growth driver.
Can the revered label owned by Renzo Rosso’s OTB build a sustainable business?
This week, everyone will be talking about Prada's first-half results, a possible bankruptcy filing by Barneys and the state of the US economy. Read our BoF Professional Cheat Sheet.
The decision was made after a Paris commercial court judge rejected the lone remaining bidder for the company. The brand's six stores in France and Monaco, as well as its intellectual property and archives, will be sold.
The designer staged a musical production looking back on his life from childhood classroom sketches to the Paris haute couture catwalks.
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
Performance was weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1 percent decline in revenue during the quarter.
The Indian brand will hold a special event at the Florence show.
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.
Revenue rose 7.2 percent, beating analysts' estimates.
Most stores in the Via Montenapoleone luxury shopping district, home to brands including Chanel, Tiffany and Dior, removed merchandise from their windows as a precaution.