After taking a plunge last week following the announcement of China’s wealth redistribution plan, share prices for the leading luxury groups made up some ground earlier this week, though uncertainty lingers.
Former CEO of Brioni Gianluca Flore, who moved to Burberry in 2017 to oversee the British luxury brand’s operations in the Americas, will step into his new role as chief commercial officer from September 1.
Coach and Kate Spade owner Tapestry Inc forecast annual revenue and profit above estimates after posting better-than-expected results on Thursday, expecting the reopening of economies to boost demand for luxury goods.
Michael Kors parent Capri Holdings Ltd on Friday raised its annual forecasts for the second time after trouncing Wall Street estimates for quarterly results, as shoppers splurge on its high-end clothes and bags.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
The English poet and painter served as inspiration for the Kering-owned brand's men's collection for next summer, resulting in a vision of masculinity with shades of Dante, featuring tulle dresses and frilled tailoring.