Companies in the top 20 percent accounted for almost all the fashion industry’s economic profit over the past decade and polarisation is accelerating.
The industry has so far largely shrugged off any fallout from a Beijing-Washington trade war, with sales at Hermès up 12.3 percent in the April to June period.
Product drops have become a way for luxury’s biggest brands and retailers to cultivate exclusivity and excitement across their online and offline channels. Here’s how to get started.
With restaurants and consumer brands already affected, retailers now face a disruption across Hong Kong have been forced into early closures due to a lack of customers.
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
Business-side executives are becoming brand ambassadors, sometimes surpassing their creative counterparts in public profile.
Same-store sales climbed 4 percent in the first quarter after the designer’s product finally hit stores, sending shares up almost 15 percent in early trading.
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
The deal, whose financial terms were not disclosed, follows Galeries Lafayette's 2012 acquisition of French jeweller Guerin.
In June, the Mexican government also questioned Carolina Herrera for 'cultural appropriation' of indigenous patterns.
Luxury house are popping up at lesser-known events on the art circuit to burnish their brands and connect with clients.
The Savigny Luxury Index bounced back in June, thanks to an improved outlook on key global markets and positive reports from Chanel and LVMH.
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.