
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.
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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.
Sales at luxury goods group Salvatore Ferragamo almost doubled in the second quarter after a pandemic-led slump in the same period of last year, with China, the Americas and Korea driving the rebound.
Widespread speculation about who might take over from outgoing Marco Gobbetti at Burberry has offered up the names Jonathan Akeroyd, Emmanuel Gintzburger and Alessandro Bogliolo.
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.
In a shock move, Burberry chief Marco Gobbetti is leaving the company at the end of this year to take up a new role at Ferragamo in Italy and be closer to his family.
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.
Burberry said on Thursday that it would be “climate positive by 2040”, the new sustainability ambition making it the first luxury brand to aim for that target, it added
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.
Burberry’s all-important sales in China don’t seem to have been hurt too much by the row over its stance on Xinjiang cotton, it emerged following the release of its full-year results this week.