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Gucci's evolution from aspirational label to inspirational brand

Gucci's evolution from aspirational label to inspirational brand

Faced with consumers who are increasingly demanding in terms of brand values, luxury labels are undergoing a sea change, extending their vision beyond products. Gucci more than others, through its unique initiatives. 
Luxury
German online retailer Mytheresa confidentially files for U.S. IPO

German online retailer Mytheresa confidentially files for U.S. IPO

German online luxury retailer Mytheresa Group GmbH’s parent company said on Monday it had confidentially filed for an initial public offering in the United States.
Luxury
Luxury giants increase their grip on sector, growth continues but landscape shifts

Luxury giants increase their grip on sector, growth continues but landscape shifts

​The luxury goods industry was expanding healthily before the pandemic hit, but while sales were strong, a select group of luxury giants dominated the sector overall. 
Luxury
Tom Ford launches watch made from 100% ocean plastic, partners with 52HZ for The Tom Ford Plastic Innovation Prize

Tom Ford launches watch made from 100% ocean plastic, partners with 52HZ for The Tom Ford Plastic Innovation Prize

The timepiece, made from 100% ocean plastic, launches alongside The Tom Ford Plastic Innovation Prize, a prize that aims to fight against ocean plastic pollution, offering an award total of $1 million.
Luxury
Global luxury goods sales set for largest ever fall in Bain forecast

Global luxury goods sales set for largest ever fall in Bain forecast

Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros this year, their largest ever drop and first since 2009, due to the fallout from the coronavirus pandemic, consultancy Bain said on Wednesday.
Luxury
Burberry gets sustainability index boost

Burberry gets sustainability index boost

​Hot on the heels of Moncler revealing its strong showing in the new Dow Jones Sustainability Index (DJSI), Burberry said it has been included in the ranking for the sixth consecutive year with its highest ever score. 
Luxury
Kris Van Assche revamps Hublot’s iconic Big Bang Unico chronograph

Kris Van Assche revamps Hublot’s iconic Big Bang Unico chronograph

It’s Big Bang time again at Hublot, where the watchmaker has entrusted Berluti’s Kris Van Assche to revamp its most iconic watch, in a fresh collab' between two noted LVMH luxury marques.
Luxury
Gucci unspools new collection in online fashion TV series, Ouverture of Something That Never Ended

Gucci unspools new collection in online fashion TV series, Ouverture of Something That Never Ended

Gucci debuted its fashion TV series on Monday evening, featuring its latest collection, an online innovation entitled Ouverture of Something That Never Ended, jointly directed by Alessandro Michele and Gus Van Sant.
Luxury
Farfetch losses continue but CEO hails GMV surge, paradigm shift to e-luxury

Farfetch losses continue but CEO hails GMV surge, paradigm shift to e-luxury

​Farfetch is rarely out of the news these days and it’s currently making headlines with its Q3 results. It's still loss-making, but appears to be riding the wave of the "paradigm shift in favour of online luxury".
Fashion
Fossil swings to profit in third quarter

Fossil swings to profit in third quarter

The Richardson, Texas-based watch and accessories group reported Q3 earnings of $16.0 million on Wednesday, progress which led shares in the company to shoot up more than 32% in after-hours trading.
Luxury
Selfridges names Lane Crawford's Andrew Keith as new MD

Selfridges names Lane Crawford's Andrew Keith as new MD

​During one of the most challenging periods in its history, luxury UK department stores retailer Selfridges & Co has named Andrew Keith as its new Managing Director.
Luxury
​Luxury brands weigh in to force rethink on end to VAT-free UK shopping

​Luxury brands weigh in to force rethink on end to VAT-free UK shopping

The outcry against plans to end tax-free shopping in the UK intensified this week with some of the world’s heavyweight luxury brands pressing the government to reverse its proposals.
Luxury
Harrods sales, profits rose last year but retailer faces huge challenges today

Harrods sales, profits rose last year but retailer faces huge challenges today

2020 has proved to be “a significant challenge” for luxury store Harrods, but before the unprecedented events that began in March, the business posted rises in both sales and profits. 
Luxury
El Corte Inglés returns to positive EBITDA in the midst of ERTE furloughs

El Corte Inglés returns to positive EBITDA in the midst of ERTE furloughs

The company managed to decelerate declines in its Q2 revenues, which totaled 2.82 billion euros, down 30% from the prior-year period, results announced as the retailer implements ERTE furloughs around Spain. 
Fashion
Chanel increases prices for second time this year

Chanel increases prices for second time this year

French luxury house Chanel has increased prices for a second time this year, it said on Friday, as high-end brands seek to protect margins from the fallout of the coronavirus pandemic.
Luxury
Sales and profits dive at Richemont but business starts to bounce back

Sales and profits dive at Richemont but business starts to bounce back

The big news around Richemont this week may have been its major investment in Farfetch, but on Friday it also made headlines with its own half-year results.
Fashion