U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a first-quarter loss as inventory cutbacks at its major wholesale partners and lower consumer spending drove a 16 percent fall in revenue.
The watch and jewellery business Mywa has signed a licensing partnership with the sports’ brand Puma for its collection of watches. This replaces Puma’s contract with its previous partner, the Hong Kong based EganaGoldpfeil, which had expired.
Thierry Nataf, CEO of the horology brand Zenith for the LVMH group, will be leaving his post. After having joined the business in 2001, he must quit his position by the end of the month and will not be redeployed within the group.
Rena Dumas, the wife of Jean-Louis Dumas – former president of Hermès, passed away as a result of cancer on the 27th of April in Paris. She had notably been responsible for the interior design of more than three hundred luxury stores and leaves unique, modern and sensible handiwork .
Andreas Stockert has arrived at Hugo Boss. He joins the German group as Chief Operating Officer and is judged to be endowed with a “deep knowledge of logistics and supply chains” by Hellmut Albrecht, Chairman of the Supervisory Board.
Environmental film “Home” will be released on the 5th of June and as the exclusive global partner, PPR has made a call to Gucci Group and asked them to come up with original products. The profits from these items will go to the charity GoodPlanet.
German retail sales plunged by 1.0 percent in March from the previous month, figures released on Monday 4 May by the national statistics office showed, as rising unemployment hit consumer sentiment.
Jeweler Finlay Enterprises Inc, crippled by liquidity woes, said on Friday 1 May there was "substantial doubt" about its ability to continue as a going concern, according to a regulatory filing.
Hugo Boss reported an 8 percent drop in first-quarter underlying operating profit on Thursday 30 April as demand for its suits and dresses eased amid the economic downturn.
Bulgari is celebrating its 125th anniversary with an unusual partnership. For the occasion, the Italian Post is releasing a stamp with the jeweller’s picture of choice on it in limited edition.
German fashion house Escada will face insolvency if its plan to raise fresh cash, replace a bond and renegotiate credit lines fails, Chief Executive Bruno Saelzer said on Tuesday 28 April.
Special prices, reductions: Zara and the majority of other large Spanish clothing chains have started a ferocious price war in an attempt to redress falling sales figures in the current economic stagnation.
An exhibition of luxury watches opening this week will attempt to lure cash-strapped buyers back into jewelry stores to boost sales. The exhibition, "Time and the Jeweler's Art", by the National Jewelry Institute runs from April 24 to June 27 at the Forbes Galleries in New York.
Richemont, the world's second-largest luxury goods group behind LVMH, is cutting working hours at its main Cartier factory as the economic slowdown dampens demand for pricey timepieces.
At the same time as the deployment of online shopping, Hermès is considering necessary technology adaptations to sell on internet capable “smart phones”. “The technology is developing very quickly. We must take advantage," explained Charles Henri Leroy, director of client relations.