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Philipp Plein hopes to end Ferrari lawsuit with 220,000 euros donation to Gianna Floyd Foundation

Philipp Plein hopes to end Ferrari lawsuit with 220,000 euros donation to Gianna Floyd Foundation

Philipp Plein has announced plans to donate 220,000 euros to the Gianna Floyd Foundation, in an attempt to end a copyright infringement suit with Ferrari, stemming from a copyright case from August 2019.
Fashion
Hugo Boss in negotiations with Daniel Grieder

Hugo Boss in negotiations with Daniel Grieder

The high-end German ready-to-wear giant is currently in talks with the Swiss-born executive, who recently left his post as the head of Tommy Hilfiger and PVH Europe. At Hugo Boss, he would succeed Mark Langer as CEO.
Luxury
Kering Eyewear announces partnership with Chloé

Kering Eyewear announces partnership with Chloé

Kering’s eyewear business has announced a partnership with Chloé. Kering Eyewear will design, produce, and distribute eyewear for Chloé (Richemont), taking over from its previous partner Marchon Group.
Luxury
LVMH backs down on renegotiating Tiffany deal, sources say

LVMH backs down on renegotiating Tiffany deal, sources say

French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
Luxury
Chanel among foreign firms getting UK government-backed loans

Chanel among foreign firms getting UK government-backed loans

Criticism is brewing in the UK media over big foreign firms, including Chanel, accessing state-backed UK loans. But the company said it would be repaid within a year and also that it hasn't used the furlough scheme. 
Luxury
Rosario Toscano on launching Balmain eyewear in an industry in huge flux

Rosario Toscano on launching Balmain eyewear in an industry in huge flux

Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
Fashion
Social media ads, UGC to squeeze out influencer marketing for brands - study

Social media ads, UGC to squeeze out influencer marketing for brands - study

Influencer marketing will fade in importance in Europe over the next decade and UGC will become much more important as user reviews and images help to boost conversion rates, a new study shows.
Fashion
Wolford is now debt-free, has enough cash to get through crisis

Wolford is now debt-free, has enough cash to get through crisis

Wolford has shared plenty of bad news in recent years but this week the brand shared some good news too. The company said that it's now debt-free and has the cash to get it through the coronavirus crisis.
Fashion
E-tail surge not enough in May as lockdown means fashion sales plunge

E-tail surge not enough in May as lockdown means fashion sales plunge

Online sales helped to salvage some good news out of the gloom during May with BDO’s Retail Sales Tracker for the month showing a 129.5% e-sales uplift year-on-year.
Fashion
LVMH propels Arnault scion to head up Tag Heuer watches

LVMH propels Arnault scion to head up Tag Heuer watches

LVMH on Thursday said that Frédéric Arnault, one of the younger sons of the luxury goods group's billionaire boss, would take over running watch brand Tag Heuer.
Luxury
LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Fashion
Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Fashion
Prince Dimitri of Yugoslavia to launch memoirs in New York this September

Prince Dimitri of Yugoslavia to launch memoirs in New York this September

NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September. 
Luxury
Canada Goose lowers reliance on department stores in recovery push

Canada Goose lowers reliance on department stores in recovery push

Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
Luxury
Parisian department store Galeries Lafayette Haussmann launches personalised remote shopping

Parisian department store Galeries Lafayette Haussmann launches personalised remote shopping

The ‘Exclusive Live Shopping’ video service links up individual customers at their homes with shop assistants at the department store’s boulevard Haussmann branch; 120 brands are participating in the initiative.
Luxury
LVMH's Arnault mulls ways to renegotiate deal with Tiffany - sources

LVMH's Arnault mulls ways to renegotiate deal with Tiffany - sources

The LVMH CEO is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of Tiffany & Co, as U.S. social unrest and the coronavirus pandemic weigh on the retail sector.
Luxury