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LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Fashion
Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

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.
Fashion
Global luxury labels joining Alibaba sales event have doubled

Global luxury labels joining Alibaba sales event have doubled

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
Fashion
Rebekka Bay becomes Marimekko creative director

Rebekka Bay becomes Marimekko creative director

Marimekko has named former Gap creative chief Rebekka Bay as its new Creative Director, starting in September.
Fashion
Hunter secures rescue deal as existing backer increases stake

Hunter secures rescue deal as existing backer increases stake

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.
Fashion
Icon Outlet mall to reopen before rest of leisure complex

Icon Outlet mall to reopen before rest of leisure complex

Icon Outlet at The O2 is to reopen on the first day that it can with a comeback planned for June 15 as part of a phased reopening approach for the destination leisure complex.
Fashion
Mr Porter launches sunglasses blitz as H&M links with Chimi for eyewear collab

Mr Porter launches sunglasses blitz as H&M links with Chimi for eyewear collab

As the SS20 season is all-but-cancelled globally, lockdown easing is seeing retailers launching products that they know are likely to sell, especially in the menswear market.
Fashion
A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients

A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients

The CFDA and Vogue's Covid-19 relief fund announced that $2.13 million will be distributed to 44 businesses in the fund's first round.
Luxury
Famed Paris store Galeries Lafayette to reopen

Famed Paris store Galeries Lafayette to reopen

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.
Luxury
Prada sees 10%+ sales rise in China, but Europe will stay slow

Prada sees 10%+ sales rise in China, but Europe will stay slow

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.
Fashion
Harrods Outlet to open in Westfield to thin out clearance sale crowds

Harrods Outlet to open in Westfield to thin out clearance sale crowds

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.
Luxury
Dolce & Gabbana on DGfattoincasa; handling the lockdown; and their next runway steps

Dolce & Gabbana on DGfattoincasa; handling the lockdown; and their next runway steps

Few fashion designers have had as much impact in the past three decades as Domenico Dolce and Stefano Gabbana. With FashionNetwork.com the duo discuss DGfattoincasa; handling the lockdown and their next runway steps
Fashion
JOOR links with London Fashion Week and Premium for virtual shows

JOOR links with London Fashion Week and Premium for virtual shows

Digital wholesale platform JOOR said on Wednesday that it will power key fashion industry events London Fashion Week next month and Premium Berlin in July, as well as a number of autumn fashion events.
Fashion
Frasers exec slams government, says reopening delay could ruin some retailers

Frasers exec slams government, says reopening delay could ruin some retailers

Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Fashion
Louis Vuitton names Johnny Coca director of women's fashion leather goods

Louis Vuitton names Johnny Coca director of women's fashion leather goods

The Spanish designer, former creative director of Mulberry, was recently put in charge of women’s fashion leather goods, working alongside Nicolas Ghesquière.
Fashion