Luxury sportswear brands, such as Golden Goose, Stone Island and Barbour, dominate Deloitte's global ranking of the top 20 fastest-growing labels, in which Moncler is making an appearance for the sixth consecutive year.
Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Acquired by the UK-based luxury e-tailer in 2019, New Guards Group has acquired 60% of Palm Angels, the high-end streetwear label founded by Francesco Ragazzi, which has seen strong growth over the last two years.
On October 20, the British luxury e-tailer is launching There Was One, a womenswear line of high-end, sustainable essentials developed with New Guards Group, the parent company of Palm Angels and Heron Preston.
On September 25, the down jacket label will unveil in Milan the new Genius collections by 11 designers, with pop star Alicia Keys headlining an online event staged concurrently in New York, Shanghai, Tokyo and Seoul.