LVMH Group’s new bag manufacturing plant, ‘Fendi Factory,’ is set to open in 2022 in Bagno a Ripoli in the south of Florence, Italy. It will employ 380 people with an investment of close to €60 million ($71 million).
EssilorLuxottica said on Tuesday its third-quarter sales showed signs of recovery, but will eye the next few months with 'prudent confidence' as a second coronavirus wave threatens another heavy blow to results.
Handbags and sneakers have become key levers for luxe labels aiming to attract and retain an increasingly younger clientèle by tweaking their price positioning, says a study by marketing metrics firm Retviews.
The Belgian designer is taking his brand into women's fashion with a collection balancing minimalism with futuristic and psychedelic touches, as revealed alongside his latest menswear pieces in a moody, unsettling film.
The San Francisco-based digital-first luxury consignment platform has opened its first flagship store in the Windy City, its largest location to date, featuring in-store valuation and tailoring services.
The Italian label too has introduced the role of director in charge of diversity, equity and inclusion. Based in North America, the position has been entrusted to Malika Savell, formerly with French luxury group LVMH.