Euromonitor forecasts that luxury goods sales growth will slow to 3 to 4 percent a year in 2016 to 2020, compared with just over 4 percent annual sales growth in 2010 to 2015.
– 5:24 PM, EST
In 2015, sales in Italy’s fashion industry rose 1.5 percent at current exchange.
– 4:20 PM, EST
Net-a-porter’s sister discount site will launch a summer shop with exclusive designer collaborations later this month.
– 2:54 PM, EST
Kering and Gucci said they “would like to reiterate their utmost respect with regards to the funeral context” and “regret any misunderstandings.”
– 1:21 PM, EST
New purchases form part of the long-term vision of the company
– 12:45 PM, EST
The private equity acquired a 67 percent stake in the jewelry brand in 2013.
– 12:36 PM, EST
The three-day event highlighted A/W 2016 styles, and introduced new product innovations.
– 12:22 PM, EST
Incontri was tapped as Tod’s men’s wear creative director in 2014 and is expected to also be in charge of women’s wear
– 12:04 PM, EST
Toto Bergamo Rossi, Maria Hatzistefanis host parties in London
– 12:02 PM, EST
Kering and the Cannes Film Festival will honor the two Academy Award actresses on May 15 for their contribution to the film industry and the women’s cause.
– 8:41 AM, EST