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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
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
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
Prada weighs dual listing in Milan, but says not a priority

Prada weighs dual listing in Milan, but says not a priority

A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.
Luxury
Burberry names Bright Vachirawit as its latest brand ambassador

Burberry names Bright Vachirawit as its latest brand ambassador

​Another day, another Burberry story! The British luxury brand has been issuing releases at a frantic pace in recent weeks and its latest news is that it has a new brand ambassador.
Luxury
Moncler soars as signature brand and Stone Island are strong

Moncler soars as signature brand and Stone Island are strong

​Luxury outerwear giant Moncler has reported a currency-neutral 46% surge in sales for the first half of 2022, helped by growth in both the US and Europe even though key luxury market China saw a slowdown.
Luxury
The RealReal to offer comic book, trading card grading services

The RealReal to offer comic book, trading card grading services

Luxury consignment retailer The RealReal announced on Wednesday a partnership with Beckett Collectibles to offer comic book and trading card grading services.
Luxury
Mytheresa expands Vestiaire Collective partnership into the U.S.

Mytheresa expands Vestiaire Collective partnership into the U.S.

Luxury e-commerce platform Mytheresa announced on Wednesday the expansion of its partnership with Vestiaire Collective, the global luxury fashion resale destination, into the U.S. market. 
Luxury
Puig increases its stake in Colombian brand Loto del Sur

Puig increases its stake in Colombian brand Loto del Sur

After recently acquiring Byredo, the Spanish group has once again reached for its wallet and acquired a majority stake in the natural cosmetics firm founded by Johana Sanint, who will remain at the helm of the brand.
Luxury
Sales growth at Kering’s Gucci slows in Q2 as China weighs

Sales growth at Kering’s Gucci slows in Q2 as China weighs

Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.
Fashion
Moss Bros opens Jermyn Street and other new stores, rolls out casual line

Moss Bros opens Jermyn Street and other new stores, rolls out casual line

​Moss Bros is extra busy with the menswear specialist opening four new stores, including a concept store on London’s Jermyn Street. It’s rolling out its casual offer to all of its locations too.
Fashion
Professor Jimmy Choo's academy to host debut LFW show with Patrick McDowell

Professor Jimmy Choo's academy to host debut LFW show with Patrick McDowell

​Designer Jimmy Choo’s JCA/London Fashion Academy is to host its first-ever London Fashion Week show on 19 September, along with its ‘designer-in-residence’ Patrick McDowell.
Luxury