Italy's fashion industry responded Friday to accusations of widespread underpaid and undeclared subcontracted work in a New York Times article, saying that the problem is limited and already being dealt with.
Longchamp, one of France's leading handbag makers, is increasing its presence in China and the United States to boost its sales, its CEO said, betting on celebrity tie-ins and its online platforms to revive growth.
The apple never falls too far from the tree. Friday witnessed the unveiling of Plan C, and the debut collection of Carolina Castigloni, the daughter of Consuelo Castigloni, the much-acclaimed founding designer Marni.
Dutch hand-knitted accessories label and social enterprise Granny’s Finest, which went bankrupt in June of this year, has announced its plans to relaunch. Its online store will reopen on 1 October 2018.
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.