Brunello Cucinelli starts 2013 with a bang
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.
Today's News
Penney CEO says company needs time to climb out of 'abyss'
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...
Abercrombie CEO's compensation falls dramatically
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...
Italy's Marzotto family and board members in $72 million tax settlement
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...
Cannes is global shop window for fashion designers
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.
Boots parent group year profit up 6 percent
Alliance Boots, owner of Europe's biggest pharmacy chain, posted a 6.1 percent rise in year trading profit and said it was confident about its growth prospects.
Global luxury goods market to cool in 2013
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.
Asics sales boosted by running segment
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.
Roof collapse at Cambodian shoe plant kills three
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...
G-Star opens biggest flagship in Cologne
G-Star has chosen Cologne as the home to its biggest flagship yet. Franchise-operated, the store measures a whopping 800m².
Richemont chairman to take year off as growth picks up
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...
Coach could be looking to bag another brand
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 more international with a stronger role for women’s fashion
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...
Hermès opens in Connecticut
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 devising own Bangladesh plans
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,...
Macy's profit and same-store sales up and so are dividends
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 finally opens store on Paris’ Avenue Montaigne
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...
Moncler steps up projects in advance of IPO
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...
M&S's make-or-break clothing strategy gets early thumbs-up
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...
CK Calvin Klein gets rebranded
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...
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