Planned investment in Jimmy Choo may have dragged down the share price at Michael Kors but it's upbeat for the luxury brand’s prospects and is working to boost its appeal to Millennials and drive accessories expansion.
Michael Kors Holdings Ltd said higher spending to expand its upscale footwear brand Jimmy Choo will weigh on earnings this year, driving shares of the luxury handbag maker down 13 percent on Wednesday.
The royal wedding turned into a social media celebration for British designer names with analysis from InfluencerDB showing huge media coverage generated by Clare Waight Keller, Stella McCartney, Kim Jones and more.
Burberry has become the latest luxury label to rethink its fur policy and has launched a review. If it chooses an outright ban, it will make Burberry the latest in a raft of luxe brands to go fur-free in the past year.
Inter Parfums on Wednesday said that first-quarter net sales increased 20.1% to $171.8 million, despite a disappointing US sales dip. The fragrance distributor now predicts $665 million in total sales for 2018.