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Carlos Crespo exits Inditex after 20 years with the company

Carlos Crespo exits Inditex after 20 years with the company

The chief operating officer and head of sustainable and digital transformation, as well as former CEO of the group between 2019 and 2021, will be leaving Inditex at the end of this year.
Luxury
Luxury: wealthy customers ready to spend more in 2023

Luxury: wealthy customers ready to spend more in 2023

Nearly 65% of the world's most wealthiest consumers intend to increase their luxury spending in 2023, especially for fashion in ready-to-wear and leather goods, according to a study by Kantar Insights and Altiant.
Luxury
Borsalino appoints Jacopo Politi as head of style

Borsalino appoints Jacopo Politi as head of style

The long-established Italian high-end hatmaker has strengthened its design office by naming Jacopo Politi as head of style. Politi has been with Borsalino since April, based between Milan and the factory in Alessandria.
Luxury
New Bond Street rents no longer Europe's highest as Milan tops the list

New Bond Street rents no longer Europe's highest as Milan tops the list

​New Bond Street in the heart of London's West End has lost its crown as the most expensive shopping street in Europe as far as rents are concerned. That title goes to Milan’s Via Monte Napoleone, new figures show.
Luxury
Puig to close one of its Spanish factories in 2023

Puig to close one of its Spanish factories in 2023

The Spanish fragrance, cosmetics and fashion group will concentrate production at its plants in Vacarisses, Barcelona, and Alcalá de Henares, Madrid, and will relocate the 400 employees affected.
Luxury
Nordstrom cuts profit forecast on higher costs

Nordstrom cuts profit forecast on higher costs

Nordstrom Inc trimmed its annual profit forecast on Tuesday, as the retailer wrestles with supply chain pressures, higher operating costs and aggressive discounting to clear out-of-fashion inventory. 
Luxury
Woolmark reveals names of eight finalists in 2023 international prize

Woolmark reveals names of eight finalists in 2023 international prize

Woolmark has revealed the names of the eight finalists of the organization’s much-watched International Woolmark Prize for 2023, selecting designers from eight different nations.
Fashion
Haider Ackermann puts on an ultra energetic show for Fila in Manchester

Haider Ackermann puts on an ultra energetic show for Fila in Manchester

The designer put on a dynamic fashion show Thursday night in Manchester, where he presented his tailoring in a very sporty, high tech and technicolor spirit for his collaboration with the Italian sports brand Fila.
Luxury
Burberry CEO promises "incredibly strong brand image" for first Daniel Lee campaign

Burberry CEO promises "incredibly strong brand image" for first Daniel Lee campaign

Jonathan Akeroyd's declaration last week that Burberry would focus more heavily on its British heritage seems to have been no box-ticking statement with interviews he’s given since then highlighting its importance. 
Luxury
Marta Ortega hosts exhibition dedicated to photographer Steven Meisel in A Coruña

Marta Ortega hosts exhibition dedicated to photographer Steven Meisel in A Coruña

After organizing a retrospective exhibition dedicated to Peter Lindbergh, the Inditex group's president is once again paying tribute to an iconic photographer by hosting an exhibition dedicated to Steven Meisel. 
Luxury
Farfetch GMV dips on currency effects, Russia, China woes; but company is upbeat

Farfetch GMV dips on currency effects, Russia, China woes; but company is upbeat

​Farfetch had an unusual announcement to make with its Q3 results, as it said that gross merchandise value (GMV) actually fell in the period to the end of September.
Luxury
Pitti Uomo 103 to focus on quality with multiple new projects

Pitti Uomo 103 to focus on quality with multiple new projects

The menswear show’s next winter edition in January will feature, alongside special guests Martine Rose, Jan-Jan Van Essche, Pierre-Louis Mascia and Château Orlando, two new sections dedicated to design objects and pets.
Fashion
Les Galeries Lafayette is opening two stores in India

Les Galeries Lafayette is opening two stores in India

Galeries Lafayette announced on Thursday the signing of a partnership with the Indian group Aditya Birla to develop their presence in India, where the French group plans to open two stores in 2024 and 2025.
Luxury
Burberry doubles down on Britishness for 'next phase', Lola bag is best seller

Burberry doubles down on Britishness for 'next phase', Lola bag is best seller

​Burberry is entering “the next phase”, the luxury company said when delivering its interim results on Thursday, with still-new CEO Jonathan Akeroyd preparing for an evolved approach under Daniel Lee.
Luxury
Ebay opens 'Luxury Exchange' store in NYC

Ebay opens 'Luxury Exchange' store in NYC

Ebay’s Luxury Exchange is popping up in the heart of New York's iconic Diamond District and inviting shoppers to have their jewelry, handbags, and watches appraised. 
Luxury
Vuitton opens LV Dream and reveals plans for hotel, amid Bernard Arnault splurge in Paris real estate

Vuitton opens LV Dream and reveals plans for hotel, amid Bernard Arnault splurge in Paris real estate

Louis Vuitton unveiled LV Dream, its latest art installation, in Paris on Tuesday evening, located in a building it eventually plans to turn into a hotel, amid a real estate spree by patron Bernard Arnault.
Luxury