Farfetch’s financial stress continues only a month after finding its white knight. A group of investors, called the 2027 Ad Hoc Group, formed this month …
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Swatch Group Dashes Dividend Expectations, Shares Tick Lower
Swatch Group on Tuesday missed profit forecasts for 2023 and proposed a much smaller than expected dividend increase — putting pressure on the world’s biggest …
Michael Burke to Succeed Sidney Toledano at LVMH’s Fashion Group
Former Louis Vuitton chief Michael Burke will become chairman and CEO of LVMH’s Fashion Group, the French conglomerate said Thursday. Burke will oversee Celine and …
L’Occitane Names New Group CEO
Marteau joined L’Occitane in 2022 as group managing director and will maintain those responsibilities; L’Occitane said in a statement that the new chief executive officer …
Mike Ashley’s Frasers Group Buys Matchesfashion
Frasers Group, the retail group owned by British high street tycoon Mike Ashley, has agreed to buy luxury e-tailer Matchesfashion for just £52 million ($63 …
Lanvin Group Replaces Joann Cheng With New CEO
Joann Cheng, the chairman and CEO of Lanvin Group, the Chinese luxury firm that owns Lanvin, Wolford and Sergio Rossi, is stepping down. She will …
Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts
The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent …
Zegna Aims to Open 50 Tom Ford Retail Stores, Double Group Margins
Zegna Group forecast average growth above 10 percent per year mid-term as the Italian menswear specialist pursues its newfound momentum as a multi-brand, listed fashion …
Watches of Switzerland Group Plc Says It Will Double Sales by 2028
Watches of Switzerland Group Plc expects to more than double sales and profits by 2028 in a bullish projection for a company whose market value …
Sustainable Cotton Group Boosts Tracking for Top Retailers
Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a platform that big retailers use to trace materials through their …
Aurelius Group in Talks to Buy the Body Shop, Says Report
The private equity investor Aurelius Group is in talks to buy the beauty products chain the Body Shop, which has been put up for sale by …
UK’s Frasers Group Sees More Profit Growth This Year
British retailer Frasers Group expects profit to rise between 5 percent and 15 percent this year as its biggest brand, Sports Direct, benefits from a …
Soaring Miu Miu Sales Help Boost Prada Group
A “remarkable performance” at Miu Miu along with strong sales in Asia and Europe helped boost Prada Group revenues in the first half, the company …
Sales at Italian Luxury Group Moncler Beat First-Half Expectations
Sales at Italian luxury group Moncler rose 24 percent at constant exchange rates in the first half of the year, thanks to a strong rebound …
Inside Frasers Group Owner Mike Ashley’s Controversial Acquisition Strategy
In British retail, it’s becoming a question of which retailers Mike Ashley doesn’t have a stake in, rather than which ones he does. The billionaire, …
The Independents Group Raises $400 Million, Looks to Double in Size by 2025
The luxury marketing and communications group — parent to Karla Otto, Bureau Betak and influencer marketing firm Lefty — raised $400 million in a round …
Farfetch Reshuffles New Guards Group, Off-White Leadership As Co-Founders Exit
New Guards Group co-founders Davide De Giglio and Andrea Grilli are exiting the company, owner Farfetch announced Thursday. Farfetch group president Stephanie Phair will add …
Together Group Acquires Production Company North Six
Together Group, a communications firm that owns design, tech and marketing agencies focused on luxury fashion and lifestyle, has acquired the production company North Six, …
Italian Fashion Group Tod’s Sales Jump in Q1, Beating Expectations
Sales at Italian fashion group Tod’s rose by 23 percent in the first quarter of the year, beating analysts’ forecasts thanks to a strong performance …
OTB Group Acquires Majority Stake in Leather Goods Atelier Frassineti
The Italian fashion group, which owns Diesel and Maison Margiela, announced Thursday that it has acquired a majority shareholder stake in Frassineti, a Florentine leather …