Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
What Hedi Slimane Means for Céline
The surprise return of one of fashion’s most polarising yet commercially successful designers could double revenues at the LVMH-owned house. But will it alienate Céline loyalists?
Richemont Offers €2.7 Billion for Full Control of Yoox Net-a-Porter
The bid still needs to be approved by YNAP shareholders, but chief executive Federico Marchetti has indicated he would support the deal.
Stuart Weitzman: Refining, Not Redefining
In their first joint interview, chief executive Wendy Kahn and creative director Giovanni Morelli share their plans for evolving the American footwear stalwart.
Hedi Slimane to Join Céline, Launch Men’s and Couture
The designer will start February 1 and expand the LVMH-owned label’s offering into menswear, couture and fragrance.
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
China Luxury Sales Rebound as Millennials Snap up Cosmetics, Handbags
Domestic sales of Gucci handbags to Chanel cosmetics rose at the fastest pace in over half a decade last year.
Mobile Drove Yoox Net-a-Porter’s Record 2017
The fashion e-commerce group crossed 2 billion euros in sales last year, maintaining its position as the undisputed fashion e-commerce leader despite growing competition.
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
Hugo Boss Sees Recovery for Stores, Online and US
It reported a 5 percent increase in sales in the fourth-quarter driven by a rebound in growth at its own stores and a jump in online sales.
Trump Tax Reform Won’t Boost Luxury Brands
US president Trump’s tax reforms have been widely portrayed as favouring the wealthy, in which case Europe’s luxury giants should benefit. Not so, argues Luca Solca.
Gucci Opens Fine Dining Restaurant
The Italian fashion house has opened a 50-seat restaurant, Gucci Osteria, in Florence where three-Michelin-star chef Massimo Bottura will serve up high-end dishes.
Off-White Launches a 'More Affordable' Collection
The capsule line, titled 'For All,' sees Off-White launch T-shirts and hoodies designed to heighten brand appeal among Millennial shoppers.
THE NEWS IN BRIEF
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Kering Drops 12% as Luxury Braces for Tough Winter
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.
Hermès Sales Miss Estimates as Chinese Shoppers Curb Spending
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
Moncler Reports Flat Q3 Revenue on Weak Tourist Spending in Europe
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.
Kartik Research Named Guest Designer for Pitti Uomo in January
The Indian brand will hold a special event at the Florence show.