Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.
Luxury handbag maker Hermes said sales growth had accelerated in the third quarter, as demand for its perfume and scarf lines proved particularly strong and its performance in Europe and the Americas improved.
The world’s biggest eyeglass frame maker Luxottica is planning to merge with the largest lens maker Essilor in a tie-up U.S. antitrust experts fear will be bad news for consumers, but could still be approved.
M&S will focus more on digital sales, speed up store closures and invest in key clothing areas that are its strongest categories it said as it reported a mixed bag of results but hailed the progress it was making.
Following a stellar second-quarter performance, Michael Kors' CFO outlined this week its strategy for the firm's holiday quarter, including less promotional days and a Google campaign to market its Access smartwatch.
Signa Holding GmbH, the Austrian group that owns German department store operator Karstadt, sent Hudson’s Bay Co this week details of the financing it has put together for its 3 billion euro bid for Kaufhof.
The British arm of luxury outerwear brand Moncler said the opening of a three-storey 3,550 sq ft flagship store on Old Bond Street helped lift sales by 44% to £35.2 million in the year to 31 December 2016.
It looks like the fashion drought that UK retail saw in October might just be easing with John Lewis’s latest report showing that Fashion sales rose in the latest week, although the evidence is still inconclusive.