JD.com's ‘6.18’ shopping festival this week hit a record $29.2bn in total sales, driven by new product launches “as well as Chinese consumers’ continued interest in and pursuit of higher quality,” the company said.
It was a mixed (luxury) bag of results for Mulberry in the 53 weeks to the end of March with the UK company saying its international business developed, its D2C strategy progressed, but the UK market was challenging.
Net-A-Porter is bringing together a selection of sustainable fashion brands under a new platform called Net Sustain. Launching with 26 brands and 500 products, the edit will also include beauty products from next year.
IC Group’s Tiger of Sweden and By Malene Birger continue to struggle and Tiger has now announced cost-cutting measures, while IC's chairman is stepping down as part of the group's privatisation strategy.
Frederick Lukoff, the long-time president of Stella McCartney, quits to become CEO of Dutch brand Scotch & Soda. A surprise move, barely one year after overseeing McCartney's buyback of 50% of her company from Kering.
Farfetch has made several changes to its senior management team. Kshitij Kumar has been appointed as the company’s first chief data officer, whilst Holli Rogers is to become its first chief brand officer.
Mulberry has been trying to accelerate its international growth by hosting runway presentations in cities like Seoul and Paris, but its latest campaign confirms it is still very much a quintessentially British label.
Revenue for the Italian leather goods group led by Marco Palmieri soared to €147.5 million in 2018-19 driven by Lancel, with a net financial position of €25.6 million. The revenue target for 2019-20 is €160 million.
After almost two years of strategic collaboration, Farfetch has finally launched a digital flagship store on JD.com. The move will give Farfetch a “‘Level 1 entry point on the JD.com app”, the companies said.