Puig announced on Thursday that it has taken a majority stake in label Dries Van Noten. The Belgian designer, who founded his eponymous label in 1986, will continue as chief creative officer and chairman of the board.
The French luxury group is launching a dedicated jewellery section on its multi-brand e-commerce site, joining rivals jostling for a slice of one of the fastest-growing luxury goods businesses.
The gradual recovery of the pound from its post-Brexit vote low in June 2016 is in danger of denting London's luxury tourist trade, according to Thierry Andretta, the CEO of luxury leathergoods specialist Mulberry.
LK Bennet had it tough in its 2017 financial year with the footwear-to-fashion specialist reporting an operating loss or £5.9 million in the 12 months to last July.
French label Carven filed for bankruptcy protection in May, and the court has ruled for the company to be placed in receivership, while an urgent quest is on for new investors or a buyer.
German fashion specialist Gerry Weber has just unveiled a new turnaround strategy, called Performance Programme, that moves it on from its two-year-old Fit4Growth strategy.
Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.
N Brown had a tough Q1 with UK and international revenue falling, but it's staying upbeat and has announced a 100% focus on the web as it "considers" closing all of its 20 stores.
Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170 million (127.4 million pounds) to help cut its debt burden, driving the share price around 5 percent higher.
The coming months are set to be exciting for English luxury brand Maxwell Scott, with new team members, a major World Cup campaign and a new focus on the US market on the cards.
Dutch knitwear label Granny’s Finest has filed for bankruptcy. The brand said it was no longer feasible to operate the label, which also functions as a social initiative for the elderly.
Shares in Adyen, , which handles the payments backend for Netflix, Facebook and eBay , surged more than 70 percent at the start of trading on Wednesday following its initial public offering.
Shares of Urban Outfitters Inc rose nearly 4 percent on Tuesday after at least four brokerages raised their price targets following the company’s upbeat quarterly same-store sales forecast at its retail business.
Mulberry had plenty of news on Wednesday with the luxury firm announcing its full-year results and also a new business deal for South Korea. It's improving internationally although the UK remains a tough market.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
