The owner of the Coach, Kate Spade and Stuart Weitzman brands has expanded its board of directors with the appointments of Warner Bros. brands and experiences president Pam Lifford and Advance Auto Parts CEO Tom Greco.
It may seem like the worst possible time to open a new physical shop, but luxury bag brand Strathberry is betting on the revival of in-person shopping with its first store in key destination, Edinburgh.
An in-depth look at how Covid-19 has amplified the importance of financial resources for the fashion and luxury sector, amidst share buybacks, green bonds, state funding, recapitalisations and calls to investors.
Alibaba Group Holding Ltd and Swiss group Richemont will invest $1.1 billion in online luxury fashion retailer Farfetch Ltd and its new Chinese marketplace, as online demand for luxury goods booms in the Asian country.
Having been strongly impacted by the Covid-19 crisis, the fragrance license specialist has experienced something of a recovery in the third quarter, notably reporting a 12% increase in its sales in France.