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Richemont recommends shareholders vote against board candidate Trapani

Richemont recommends shareholders vote against board candidate Trapani

Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.
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
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
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
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
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
Watches of Switzerland revamps Regent Street flagship

Watches of Switzerland revamps Regent Street flagship

Fast-growing luxury retailer Watches of Switzerland is ensuring its existing store portfolio maintains its prestige status. So its flagship showroom on London’s Regent Street has undergone a major refurbishment.
Luxury
New owner Sankyo Seiko’s expansion plans for Leonard Paris

New owner Sankyo Seiko’s expansion plans for Leonard Paris

The Japanese group recently bought the Parisian luxury label, and intends to accelerate its expansion across Asia, especially in China and Korea, while maintaining its links with Paris to capitalise on its brand image.
Luxury
Fashion resale platform Vestiaire Collective expands into South Korea

Fashion resale platform Vestiaire Collective expands into South Korea

Online fashion resale platform Vestiaire Collective said on Wednesday it is expanding into South Korea, choosing the fast-growing luxury market as a springboard for a deeper push into Asia.
Fashion
LVMH sales and profit blaze new heights

LVMH sales and profit blaze new heights

The world's top luxury group LVMH said Tuesday that sales and profits jumped in the first half of the year despite the uncertain economic environment.
Luxury
Longchamp unveils new store concept in Milan, Venice

Longchamp unveils new store concept in Milan, Venice

Luxury leather goods brand Longchamp is revamping its Italian stores, starting with the ones in Galleria Vittorio Emanuele II in Milan, and Calle Larga XXII Marzo in Venice.
Luxury
Halston names Ken Downing new creative director

Halston names Ken Downing new creative director

Xcel Brands announced on Thursday the appointment of Ken Downing to the role of creative director of luxury fashion brand Halston, effective August 1. 
Luxury
Rebag expands into footwear and apparel

Rebag expands into footwear and apparel

Resale platform Rebag announced on Wednesday its expansion into shoes and apparel growing its offering to include all luxury accessories for both men and women. 
Luxury
Capri sets sights on $8 billion revenue

Capri sets sights on $8 billion revenue

Capri Holdings announced on Wednesday the American luxury company is eyeing $8 billion in future revenues, representing a 40% uptick on fiscal 2022.
Luxury