The latest news
Movado annual earnings up on international wholesale, own stores sales growth
Movado Group, Inc. announced on Thursday net sales increased 2.7% to $751.9 million for the fiscal 2023 year, on growth in the watchmaker's international wholesale business and own stores.
Luxury bags are significantly more expensive in China than in Europe
While waiting for the Chinese to start traveling again, brands are betting on a rebound in domestic demand following the end of the anti-Covid measures, increasing their prices, reported a study by Retviews by Lectra.
Moschino announces that Jeremy Scott is stepping down as creative director
The house of Moschino announced on Monday afternoon that Jeremy Scott is stepping down as creative director of the Milan-based marque, after a decade long rein.
Kering commits to cut greenhouse gas emissions by 40% by 2035
French luxury conglomerate Kering announced on Friday a new commitment to reduce its absolute greenhouse gas emissions by 40% by 2035.
Cucinelli raises sales growth forecast for 2023
Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant order numbers.
Guess annual sales lift on strong Europe gains, the Americas weighs
Guess Inc. announced on Tuesday revenues for the fiscal 2023 increased 4% to $2.69 billion, upheld by sales gains in the fashion brand's European and Asian markets, offsetting sluggish growth in the Americas.
London fears losing luxury shoppers to Paris and Milan
London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.
Tod's sees 'excellent' start of season after beating FY profit forecasts
Italian fashion group Tod's said on Monday it had an excellent start of the season as it posted higher-than-expected operating profits for last year.
Women's fashion week: Ten trends for winter 2023-2024
From New York to London, Milan and Paris, designers have created high quality collections for Autumn-Winter 2023-2024, marking a return to formal elegance without losing sight of uninhibited sexyness.
Watches of Switzerland Group links with circularity-focused ID Genève brand
Watches of Switzerland (WoS) continues to build its portfolio of premium brands. Billed as the most eco-innovative Swiss watch brand, ID Genève has now joined the WoS’s high-end line-up.
Rokh, Abra, Mossi and Situationist: four different interpretations of avant-garde in Paris
Faced with the challenge of reinventing fashion, niche brands opted to collaborate with other international firms, master their tailoring skills or focus on environmental responsibility.
Deeny’s Dozen: The 12 best collections in the world this season
The runway season just ended marking a restoration of reined in chic, with brands and designers keen to capture new followers after the dark grind of the pandemic. We select the 12 most memorable fashion statements.
Ukrainian brands Bevza and Di Stavnitser showcase elegance and resilience in Paris
Resilience and adapting to a bleak backdrop mark the Ukrainian mindset and its fashion collections. FashionNetwork.com discuss business in times of war with firm Bevza and the newly launched brand Di Stavnitser.
Hong Kong loses lustre as retail units go vacant and big brands look to China
Hong Kong is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China.
Recession-proof rich to help Harrods prosper, boss calls for tax-free shopping reinstatement
An upbeat Harrods’ boss Michael Ward said in an interview that he’s confident the luxury department store would continue to prosper in an economic downturn because “the rich get richer in a recession”.
Consumers cut clothing spend in February, but jewellery, beauty get Valentine's boost
UK consumer and retail spend last month was OK, but not brilliant as Valentine's Day provided support for the jewellery and beauty categories, but non-essentials (especially clothing) were largely off the priority list.