Sales took a turn for the worse in April, but the company expects a pickup later this year as Sephora and other recent strategies kick in.
The former head of Paco Rabanne's fashion division is the first external executive to fill the role, previously held by Jacquemus himself.
Harrods is complying with recent U.K. sanctions, and has been writing letters to Russian nationals who reside in Russia, informing them of a spending cap of 300 pounds in the U.K.
Prada is the second-most valuable brand among fashion and luxury players, followed by Fendi, which reported the greatest growth, also thanks to the Fendace collection.
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