Total revenue and profits may have slumped at Capri holdings in the latest quarter, but the owner of Michael Kors, Versace and Jimmy Choo was upbeat as Chinese demand recovered strongly and e-tail soared.
The Austrian crystalware giant has been hit hard by the crisis and is about to cut 6,000 jobs and close down a number of stores, dropping out of the mass market to focus on the high-end segment, according to Bloomberg.
The British Fashion Council is introducing a new format for The Fashion Awards this year with the December 3 event to be digital “in light of the restrictions imposed on large scale events and travel”.
Eyewear giant Marcolin has named Alessandro Beccarini as its Style & Product Development Director with responsibility for the management and development of all the group’s eyewear collections worldwide.
The final day of this New York fashion season concluded with a surprise collaboration between Christian Cowan and Lil Nas X, a voter registration campaign from Tanya Taylor, and a backyard party from Christian Siriano.
Capri Holdings has named a new CEO for Jimmy Choo. Hannah Colman, who has been interim CEO, takes over permanently at the helm of the luxury footwear label and will report to Capri’s CEO and chairman John D. Idol.
The Austrian jeweller announced on Monday that it will be cutting 600 jobs around the world, including 200 in the Tyrol region where it is based, citing decreased demand in Asia and the U.S. due to the Covid-19 pandemic.