The online personal shopping service reported a surge of 24% in net revenue in the first quarter of 2019, as subscriber numbers soar and the company reaps the benefits of a model rooted in customer feedback.
London-based outlet malls giant McArthurGlen is to open its first luxury designer outlet to the west of Paris in 2021. The Designer Outlet Normandie will be its fourth centre in France after an investment of €150m+.
Buccellati, one of Italy’s last high-end independent jewelers, is actively seeking a buyer after its new Chinese owners pulled the plug on a 200-million-euro expansion plan, sources told FashionNetwork.com.
Michael Kors undershot analysts’ revenue estimates for the first time in almost two years in Q2, as the luxury fashion firm saw lower sales at retail stores in Europe, where it’s trying to boost its performance.
Michael Kors may have seen its shares falling sharply after sales missed analysts’ forecasts, but the message from the company’s top team was (almost) all positive as it looked to a time when it will be an $8bn group.