The YNAP buy lit a rocket under Richemont sales last year, but it dented profitability. Yet the group remains strong with jewellery and watches buoyant while Chloé and Dunhill have seen good reactions to new products.
Anglo American on Thursday said its De Beers subsidiary was investing in a $468 million new offshore diamond mining ship off the coast of Namibia, with the capacity to add 500,000 carats of annual production from 2022.
Giorgio Armani has altered the time and location of its signature menswear show on June 17 in the upcoming Milan menswear catwalk season, significantly helping to anchor the final day of Milano Moda Uomo.
Farfetch is still loss-making as it invests in growth and that growth is certainly explosive at present with revenue surging as it adds brands and customers, and launches new developments at a frenetic pace.
Maria Grazia Chiuri never really takes a break. Two weeks after her African-inspired Christian Dior cruise show in Marrakech, Chiuri designed the costumes for a phantasmagorical performance at the Tiepolo Ball in Venice.
Pandora will lay off another 1,200 workers in Thailand and speed up marketing spending as its new CEO looks to turn around the struggling jewellery maker after another fall in like-for-like quarterly sales.
According to a McKinsey study, China’s luxury expenditure is expected to be worth €159 billion and have a 40% share of the global market by 2025, driven by rising middle class expenditure and consumers born in the '90s.
Watches of Switzerland is considering an initial public offering in London, stating that it is well placed to capitalise on “significant growth opportunities” in the UK and US after seeing revenues rise by 22.5% in FY19.
Ahead of Dior's cruise show in Marrakech, FashionNetwork.com caught up with the label's women’s creative director Maria Grazia Chiuri in Paris for a freewheeling conversation on fashion, fantasy, fabrics and feminism.