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Canada bans luxury goods trade with Russia, sanctions 14 other individuals

Canada bans luxury goods trade with Russia, sanctions 14 other individuals

Last Friday, Canada announced a ban on trade in luxury goods with Russia, and added 14 other individuals, including known oligarchs, to the list of sanctions imposed in connection with the Russian invasion of Ukraine.
Luxury
Nike vs. Adidas: Which sports brand will win the battle for designer fashion?

Nike vs. Adidas: Which sports brand will win the battle for designer fashion?

The rivalry between sportswear giants Nike and Adidas is nothing new, but it seems to be taking a new turn thanks to some of the world's biggest fashion houses.
Luxury
Luxe sector calls for return of UK VAT-free shopping as spending plummets

Luxe sector calls for return of UK VAT-free shopping as spending plummets

​Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Fashion
Wolford postpones release of annual results for second time

Wolford postpones release of annual results for second time

High-end intimates specialist Wolford has postponed the release of its annual results for the second time in a month. It said it will release its audited annual financial statements for 2021 “no later than June 17”. 
Fashion
Balenciaga makes historic show on Wall Street in New York

Balenciaga makes historic show on Wall Street in New York

Designer Demna reimagined the excess and greed associated with the Big Apple in the eighties. 
Luxury
Jacquemus appoints Bastien Daguzan as CEO

Jacquemus appoints Bastien Daguzan as CEO

The manager, who left Paco Rabanne last month, is joining the Parisian fashion house, which was previously led by its founder Simon Porte Jacquemus. He will take on the position of CEO.
Luxury
Mercedes-Benz joins the Aura Blockchain Consortium

Mercedes-Benz joins the Aura Blockchain Consortium

The German group is the fifth founding member, and the only car manufacturer, to join the global blockchain platform dedicated to the luxury industry, formed by heavyweights LVMH, Prada, Cartier and the OTB Group.
Luxury
US brand Finesse uses AI and customer votes to determine designs

US brand Finesse uses AI and customer votes to determine designs

A ready-to-wear brand in the US is using artificial intelligence to define tomorrow's trends and fight against waste and overproduction.
Fashion
Kim Jones and Eli Russell Linnetz: A perfect match for Dior Men's 2023 capsule

Kim Jones and Eli Russell Linnetz: A perfect match for Dior Men's 2023 capsule

Kim Jones, artistic director of the Dior house, chose Los Angeles and the Venice district to present his 2023 capsule collection, produced in collaboration with Californian designer Eli Russell Linnetz.
Luxury
Zegna boss says suits aren't dead but ties are

Zegna boss says suits aren't dead but ties are

​Ermenegildo Zegna — CEO of the Italian luxury menswear house that bears his family name — declared this week that the suit isn’t dead as some people have suggested.
Fashion
Hugo Boss COO to leave this month

Hugo Boss COO to leave this month

Hugo Boss has announced that its chief operating officer Heiko Schäfer is to leave the managing board of the business on May 31, “to pursue a new professional assignment outside the group”.
Luxury
Rihanna welcomes first child after high-fashion, self-affirming pregnancy

Rihanna welcomes first child after high-fashion, self-affirming pregnancy

Superstar Rihanna and rapper A$AP Rocky have reportedly welcomed their first child, after a pregnancy the singer flaunted in a radical revamp of normally covered-up maternity style.
Fashion
Mytheresa.com celebrates growth in the American market alongside Loro Piana

Mytheresa.com celebrates growth in the American market alongside Loro Piana

The global luxury online retailer this week celebrated its long partnership with Loro Piana, and its excellent form in the American market, a territory where the brand has recorded strong growth. 
Luxury
Canada Goose forecasts upbeat annual sales, profit on China recovery hopes

Canada Goose forecasts upbeat annual sales, profit on China recovery hopes

Canada Goose Holdings Inc, on Thursday forecast annual sales and profit above Wall Street expectations on hopes for a recovery in key China market and as demand for its luxury parkas and jackets stays strong.
Luxury
Burberry raises prices, says China recovery is key, bans exotic skins

Burberry raises prices, says China recovery is key, bans exotic skins

​Burberry’s new CEO looks like he won’t be deviating too much from his predecessor’s luxury strategy and if anything, he’s likely to take the label even further upmarket, while also focusing on its British heritage.
Luxury
Jaeger names new product boss with Suzi Avens stepping in

Jaeger names new product boss with Suzi Avens stepping in

​M&S’s premium Jaeger brand has named Suzi Avens as head of product. The ex-Cath Kidston and Boden exec joins as M&S continues its relaunch of Jaeger and puts plenty of support behind it both in-store and online.
Fashion