Italy's Salvatore Ferragamo said on Tuesday its retail sales in July and August were close to pre-coronavirus levels, after returning to operating profit in the first half of 2021 from a pandemic-driven loss last year.
Former CEO of Brioni Gianluca Flore, who moved to Burberry in 2017 to oversee the British luxury brand’s operations in the Americas, will step into his new role as chief commercial officer from September 1.
Burberry lost almost £1 billion off its market capitalisation on Monday, following the announcement that CEO Marco Gobbetti is to leave, as worries over who will continue to lead its strategic transformation surfaced.
The British Fashion Council’s inaugural (and virtual) Institute of Positive fashion Forum late last week made a plea for sustainable and inclusive behaviour from the industry to satisfy consumer demands for change.
As the momentum builds for the inaugural Institute of Positive Fashion Forum, organiser The British Fashion Council has announced the strong line-up and schedule for the day-long event taking place digitally on 10 June.