Today's News

Prestigious jeweller Harry Winston, which was acquired earlier this year by Swatch Group, bought a new colourless, flawless 101.73-carat diamond for a record $26.7 million at an auction in Geneva on Wednesday, auction...

The Italian brand's net profit grew 14.8% to 8.2 million euros for the first quarter of 2013 and sales were up 14.4% to 88.8 million euros, promising results for the rest of the year.

J.C. Penney Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer.

Total compensation for Abercrombie & Fitch Co Chief Executive Michael Jeffries fell more than 80 percent to $8.2 million last year, a regulatory filing by the teen apparel retailer showed on Thursday.

Members of Italy's Marzotto family and board members at the eponymous fashion and textile group have made a 56 million euro ($72 million) tax payment after an investigation by Italian prosecutors.

Nicole Kidman and "Amelie" star Audrey Tautou kicked off 12-days of red carpet fashion at the opening of the Cannes Film Festival on Wednesday.

Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain & Co said in a study on Thursday.

For its 2012-2013 financial year, ended March 31, Japanese sports brand Asics has reported a 5% increase in turnover to 2 billion euros, largely down to the success of its running gear.

Three people were killed when the ceiling of a warehouse fell in at a shoe factory in Cambodia, a government minister said on Thursday, adding to concern about safety standards at Asian factories producing clothes...

G-Star has chosen Cologne as the home to its biggest flagship yet. Franchise-operated, the store measures a whopping 800m².

Richemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the world's second-largest luxury goods group in the hands of a recently-named joint chief executive team.

The American group is reportedly on the hunt for a new accessories brand to add to its current portfolio in the hope of jump-starting growth.

Pitti Uomo, the industry’s key trade show for menswear, announced that 1,010 brands will be exhibiting in Florence from June 18 to 21. For the first time, the show floor will include Pitti W, a mini satellite fair for...

Hermès recently celebrated the opening of its 27th U.S. store in the in the town of Greenwich, Connecticut, one of the East Coast's wealthiest towns and a target for many luxury brands.

North American retailers on Tuesday discussed forging their own Bangladesh safety agreement, an alternative to a legally binding accord that many European retailers have signed on to, though details of any alternative...

Macy's reported higher first-quarter profit and sales on Wednesday despite weak demand from some of its customers, and the department store operator raised its quarterly dividend 25 percent.

Saint Laurent has opened its Parisian flagship at 53 Avenue Montaigne. The space measures 900m² and is decked out in the emblematic monochrome colours of the luxury fashion house, which owned by Kering.

The down jacket brand has teamed up with the Japanese label White Mountaineering on a new collection. It is preparing to open a store in downtown Milan and bringing its children’s wear back in-house. Taking the...

Fashion media and analysts broadly welcomed Marks & Spencer's new clothing strategy and a preview of autumn/winter fashion ranges, giving the firm's boss some respite from pressure over falling sales.

The American group has announced the rebranding of CK Calvin Klein as Calvin Klein. The label's autumn jewellery and watch collection will be the first products released under the new brand image.

France's National Association for the Development of the Arts and Fashion, also known as ANDAM, has revealed the seven finalists in the running for the 2013 edition.

The world's second largest fashion retailer Hennes & Mauritz reported a much smaller than expected rise in underlying April sales as cold weather across its key European markets held back consumer appetite for new...

Danish jewelry maker Pandora beat forecasts for first-quarter core earnings, evidence that its outgoing chief executive's turnaround strategy is paying off.

Italian luxury shoemaker Tod's SpA said core earnings fell 4.6 percent in the first quarter as strong growth in international sales failed to offset the effects of a prolonged recession in its domestic market.

John Lewis, Britain's biggest department store group, said UK consumers were slowly becoming less fearful about their financial prospects, adding to optimism a spate of relatively upbeat economic news can be sustained.

Chanel presented its Resort 2013/2014 collection last week in Singapore to an audience of 1200 people and aired for its short-film 'Once Upon A Time' featuring Keira Knightly in the role of Coco Chanel.

Marks & Spencer, Britain's biggest clothing retailer, said on Tuesday it had joined other store groups in signing an accord on fire and building safety in Bangladesh.

The British retailer is launching a collection with Agi & Sam, an East End brand that has been present at men's fashion week in London thanks to MAN, a joint venture between Topman and Fashion East.

In the wake of 1,124 deaths that has devastated the Bangladeshi garment industry, brands and governments are making a stand on local working conditions. Are big changes to come?

Vince, owned by St. Louis-based fashion company Kellwood Co, which is controlled by private equity firm Sun Capital, has selected Goldman Sachs Group Inc and Robert W. Baird & Co to lead the IPO, the sources said on...

German sports apparel firm Puma warned that the outlook for the year had worsened as weak spending in its main European market led to a bigger than expected 32 percent drop in first quarter profit.

Italian luxury shoemaker Salvatore Ferragamo said on Monday its net profit in the first quarter more than doubled on the year to 24 million euros.

French clothing brand Petit Bateau on Monday celebrated its 120th anniversary by staging a "Made in Troyes" photo exhibition, paying homage to its workers by colourfully depicting them in humourous settings linked to...

India's central bank on Monday announced steps to restrict the import of gold by banks in a move to stem the country's widening current account deficit.

British retailer Primark said it would pay compensation to the victims of the Bangladesh factory collapse in line with a framework recognised by aid organisations, unions and trade associations.

Austrian brand Wolford has opened two new stores in the Greater China region: a fifth in Hong Kong and its first store in Shanghai which will be the brand's flagship in the area.

The world's two biggest fashion retailers Inditex and H&M have backed an accord aimed at preventing a repeat of last month's collapse of a Bangladesh factory building that killed more than 1,100 people.

The Asian shopping haven in the first quarter kept its crown as having the world's highest rent for prime retail properties, at nearly 50 percent more than for similar districts such as upper Fifth Avenue in Manhattan.

From June 1, Michael Spillane (ex-Umbro) will take over from Craig Cheek as vice-president and general manager for Nike in Greater China.