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Farfetch upbeat as Q2 shows further luxury sector recovery

Farfetch upbeat as Q2 shows further luxury sector recovery

​Farfetch is continuing its rapid expansion and in the three months to June 30 — its fiscal second quarter — the luxury fashion retailer saw most metrics heading in the right direction.
Luxury
Hugo Boss launches ambitious new strategy to drive fast growth

Hugo Boss launches ambitious new strategy to drive fast growth

Hugo Boss has a new growth strategy called Claim 5 that aims to double its sales to €4bn by 2025. It will accelerate growth across all brands, touchpoints, and geographies and will include a branding refresh.
Luxury
Fossil Group sales jump 59% in Q2, raises FY21 outlook

Fossil Group sales jump 59% in Q2, raises FY21 outlook

Fossil Group, the watches and lifestyle accessories specialist, has reported a 59 per cent sales acceleration to $410.9m in Q2 of FY21 ended on July 3, compared to $259m a year ago.
Fashion
Watches of Switzerland continued to thrive in Q1

Watches of Switzerland continued to thrive in Q1

​Watches of Switzerland is continuing to ride high as the biggest seller of the Rolex brand in the UK said Q1 sales more than doubled year-on-year and also beat the pre-pandemic period.
Luxury
Ralph Lauren rebounds in Q1, N America sales jump 300%

Ralph Lauren rebounds in Q1, N America sales jump 300%

With a strong performance across North America and Europe, American fashion company Ralph Lauren Corporation has bounced back with 182% growth in revenue to $1.4bn.
Luxury
Hermès bounces back as H1 beats both 2020 and 2019

Hermès bounces back as H1 beats both 2020 and 2019

​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.
Luxury
Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann. 
Fashion
Gucci and Rolex are still just as popular when it comes to counterfeits

Gucci and Rolex are still just as popular when it comes to counterfeits

If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
Luxury
Rolex tops list of most searched for fakes

Rolex tops list of most searched for fakes

​UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Luxury
LVMH first-half profits soar on rebound from pandemic

LVMH first-half profits soar on rebound from pandemic

LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
Luxury
Selfridges is up for sale, offers over £4bn sought

Selfridges is up for sale, offers over £4bn sought

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Luxury
Switzerland’s watch exports recover in June

Switzerland’s watch exports recover in June

Swiss watch exports saw their recovery speed up in June, again driven by China and the US but with Europe and Japan still lagging behind, the Swiss watchmaking federation announced on Tuesday.
Luxury
Burberry opens new concept flagship on Sloane Street, more planned globally

Burberry opens new concept flagship on Sloane Street, more planned globally

​Burberry has officially unveiled its new-concept flagship on Sloane Street in London. It’s the first of its flagships to feature its new global design concept “that encapsulates the essence of the luxury house”.
Luxury
Dior opens temporary Fifth Avenue store

Dior opens temporary Fifth Avenue store

Dior opened the doors to a new temporary boutique on Monday on New York’s iconic Fifth Avenue and the southeast corner of 59th Street.
Luxury
Vetements' new brand to launch in Paris on Thursday

Vetements' new brand to launch in Paris on Thursday

Vetements, the Zurich-based fashion brand founded by Demna Gvasalia and his brother Guram, is finally set to reveal its “secret project” involving the launch of a new brand, in Paris, on Thursday. 
Luxury
LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant. 
Luxury