Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Celebrity favourite Hunter Boots has clinched a rescue following a sales plunge due to the coronavirus crisis. A further £16.5m is being pumped into the firm to keep it going and growing through the crisis and beyond.
Paris's famed Galeries Lafayette department store, which receives some 37 million visitors every year, will reopen this weekend after being shuttered for nearly three months by the coronavirus pandemic, it said Friday.
Prada has seen a double-digit increase in comparable sales in China this month, although there's still some way to go before the company can say its China business is back to full health following the lockdown.
Haute couture is back on - at least digitally. The Fédération de la Haute Couture et de la Mode, the body which controls the Paris catwalk seasons, has announced that it will host a haute couture online season in July.
London-based consultancy Tomorrow has announced a “360-degree” partnership with Italian RTW brand N21. The strategic partnership will span distribution, events, strategy and a mentorship programme for emerging talent.
Luxury department store Harrods will open a new Outlet branch in Westfield London for its clearance sale, relieving pressure on its flagship and allowing it to focus on new collections in the Knightsbridge store.
As the Ferragamo family steps down from its executive roles, the Florentine label has appointed Michele Norsa, who led the company from 2006 to 2016, as executive deputy chairman, alongside CEO Micaela le Divelec Lemmi.