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Hugo Boss sales increased 34% in Q2

Hugo Boss sales increased 34% in Q2

Germany-based Hugo Boss on August 3 confirmed earlier preliminary figures, saying currency-adjusted Group sales increased 34 per cent in the second quarter (Q2) of fiscal 2022 (FY22) compared to the prior-year period.
Fashion
Tod's founder launches bid to delist shoemaker

Tod's founder launches bid to delist shoemaker

The founder and largest shareholder at Italy's Tod's has decided to launch a takeover offer on the luxury shoemaker with the aim of delisting it from the Milan stock exchange, the family holding company said Wednesday.
Luxury
Eurozone retail sales drop more than expected in June as prices rise

Eurozone retail sales drop more than expected in June as prices rise

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
India’s export orders 20% lower due to recession, brands’ sales down

India’s export orders 20% lower due to recession, brands’ sales down

Global recession is knocking at the doors of Indian textile industry. The impact of recession is clearly visible on new orders received by Indian exporters.
Fashion
Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant

Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant

​Leather materials and leathergoods specialist Pittards has acquired the brand and assets of Hill & Friends Limited, the contemporary luxury bag brand founded by Emma Hill and Georgia Fendley.
Fashion
SMCP hits first-half sales record as Europe and America prove buoyant

SMCP hits first-half sales record as Europe and America prove buoyant

​SMCP unveiled an all-time H1 sales record with its results on the first day of August, driven by “strong momentum in Europe and Americas”, something other premium and luxury firms have also talked of.
Fashion
Estée Lauder is in talks to acquire Tom Ford brand - report

Estée Lauder is in talks to acquire Tom Ford brand - report

​Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
Dior creates skins for Gran Turismo 7 video game

Dior creates skins for Gran Turismo 7 video game

Dior announced on Saturday an exclusive collaboration with the Gran Turismo 7 video game. 
Luxury
Moschino seeks to move upmarket with its sophisticated boutique

Moschino seeks to move upmarket with its sophisticated boutique

The Italian brand is opening a flagship store in Milan with a new chic and elegant design concept that it will adopt throughout its network of stores in hopes of moving upmarket, as CEO Stefano Secchi explained.
Luxury
Hermes snubs luxury resale market

Hermes snubs luxury resale market

Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas said on Friday.
Luxury
Aeffe group’s revenue up 13.9% to €176.5 million in H1

Aeffe group’s revenue up 13.9% to €176.5 million in H1

The Italian fashion group, owner of Alberta Ferretti, Moschino and Pollini, closed H1 2022 with a gross operating margin (EBITDA) of €20.9 million and a net profit of €2.9 million, down from €13.3 million in 2021.
Luxury
Sales and profit boom at Hermès in H1, China bounces back at end of period

Sales and profit boom at Hermès in H1, China bounces back at end of period

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.
Luxury
CFDA reveals September New York Fashion Week schedule

CFDA reveals September New York Fashion Week schedule

The Council of Fashion Designers of America (CFDA) released on Thursday the preliminary official New York Fashion Week (NYFW) schedule welcoming new and returning brands. 
Fashion
Dolce & Gabbana champions promising young British designer Matty Bovan

Dolce & Gabbana champions promising young British designer Matty Bovan

Domenico Dolce and Stefano Gabbana, with their luxury label's style department, are working with Bovan to develop his Spring/Summer 2023 collection, which will première on the Milanese runways next September.
Luxury
Tiffany & Co. launches social impact platform

Tiffany & Co. launches social impact platform

US jewellery brand Tiffany & Co. has launched Tiffany Atrium, a social impact platform featuring initiatives aimed at making the industry more inclusive.
Luxury
Prada sales rise 22% in first half, beating expectations

Prada sales rise 22% in first half, beating expectations

Italy's Prada posted a 22% growth in first half sales, above market estimates, with lockdowns in China and the conflict in Ukraine offset by the strength of Europe, United States and the Far East.
Luxury