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James Foster steps into key marketing role at Hugo Boss

James Foster steps into key marketing role at Hugo Boss

Just a day or so into the year and Hugo Boss has announced a key appointment. It has named Briton James Foster as its new senior Vice president global marketing.
Fashion
Trouble in China's shopping paradise as Hainan duty-free spending falls 29%

Trouble in China's shopping paradise as Hainan duty-free spending falls 29%

Duty-free spending in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, slumped 29.3% last year as a weak economy saw a sharp drop in domestic visitors.
Luxury
Aspinal of London sales rise but investment dents profits

Aspinal of London sales rise but investment dents profits

​Aspinal of London’s latest year looks to have been a good one on the sales front with the company’s accounts for the year to the end of March showing a 9% revenues jump.
Fashion
END. owner Ashworth and Parker sees another tough year

END. owner Ashworth and Parker sees another tough year

​Ashworth and Parker —better known as UK luxury retailer END. — continued to face tough market conditions in the year to the end of March, its latest accounts filing has shown.
Fashion
Barbour improves profits despite lower revenue

Barbour improves profits despite lower revenue

Barbour's accounts for the year to the end of April show falling revenues after it had enjoyed a strong increase in the prior year. But profits rose, a turnaround from the last year when revenue jumped but profits fell.
Fashion
Luxury Western goods line Russian stores, three years into sanctions

Luxury Western goods line Russian stores, three years into sanctions

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's shoppers are still spoilt for choice when it comes to luxury Western goods.
Luxury
Inside luxury goods' broken audit system

Inside luxury goods' broken audit system

Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working and safety standards inside its supply chain last year. In some cases, such certifications missed glaring problems.
Luxury
£1.5 mn reward offered after 'brazen' London gem raid

£1.5 mn reward offered after 'brazen' London gem raid

Victims of a £10 million ($12.5 million) London jewellery raid have offered rewards of up to £1.5 million to help recover the gems and catch the thief.
Luxury
High-profile designer moves show how much luxury is hurting

High-profile designer moves show how much luxury is hurting

Fashion people are obsessed with designer moves. Earlier this month, Chanel named Matthieu Blazy as its new top designer in a round of musical chairs that has also seen Hedi Slimane leave Celine and Kim Jones exit Fendi.
Fashion
David Beckham companies see rising profits as star continues to make an impact globally

David Beckham companies see rising profits as star continues to make an impact globally

​Accounts for the companies that own and operate the David Beckham brands and businesses showed another successful year in 2023.
Fashion
Perfect Corp acquires Farfetch's Wannaby

Perfect Corp acquires Farfetch's Wannaby

Perfect Corp has acquired Farfetch’s Wannaby operation — known as Wanna to its consumer users — as it continues to expand its fashion and beauty tech offering.
Fashion
Louis Vuitton relaunches anniversary Murakami collab, campaign stars Zendaya

Louis Vuitton relaunches anniversary Murakami collab, campaign stars Zendaya

Louis Vuitton’s collaboration with Takashi Murakami made a major impact 20 years ago and the star LVMH brand is celebrating that with a relaunch fronted by someone who was only eight when the collection first appeared.
Fashion
Nordstrom’s holiday gift needs to be more generous

Nordstrom’s holiday gift needs to be more generous

Nordstrom Inc. has wrapped up a $4 billion holiday gift for shareholders. But independent investors have room to ask for a more extravagant offering.
Luxury
Luxury consultant Yves Hanania says easier to grow than to shrink

Luxury consultant Yves Hanania says easier to grow than to shrink

Yves Hanania of Lighthouse, a luxury industry expert specialised in growth strategy, has analysed the latest sector trends for FashionNetwork.com, and the new challenges and paradigms in a crisis-ridden market.
Fashion
Saks closes on $2.7 billion purchase of Neiman Marcus Group

Saks closes on $2.7 billion purchase of Neiman Marcus Group

Saks Global announced on Monday it has finalized its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion. 
Luxury
Jimmy Choo to open new supply chain office near Florence

Jimmy Choo to open new supply chain office near Florence

On January 7, Jimmy Choo will open in Scandicci, near Florence, its new global supply chain office, in a three-storey, 3,000 square-metre building home to the offices and warehouse, plus a 2,600 square-metre basement.
Fashion