GUCCI appoints new CEO
GUCCI has appointed Stefano Cantino as new CEO, succeeding Jean-François Palus. Cantino climbed the ranks at Prada over the course of two decades, working closely with executive chairman…
GUCCI has appointed Stefano Cantino as new CEO, succeeding Jean-François Palus. Cantino climbed the ranks at Prada over the course of two decades, working closely with executive chairman…
The novelty at Galeries Lafayette is pre-owned watches and jewels, with the opening of a dedicated shop-in-shop in the department store’s Haussmann flagship. The 320-square-foot space, which…
Italian luxury fashion group Ermenegildo Zegna NV was able to achieve an increase in sales in the first half of the 2024 financial year. However,…
After a phase of intensive expansion and renovation work, the Cartier boutique in Vienna shines in new splendor. In total, the renovation of the listed building in…
Smaller watchmaking businesses may suffer a 15% drop in sales this year but still end up larger than before the post-pandemic boom, the chief executive…
Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Forty-year-old Vhernier…
In the past years major luxury brands have been increasing prices focusing on the highest end of the market spectrum and targeting the most affluent…
For the third consecutive year, watch exports experienced strong growth in 2023, exceeding the 26 billion francs mark for the first time. But a few…
Located in The Hyundai Trade Center Store, the Jacob & Co. Seoul boutique opens in partnership with retail leader Time Palace. The Jacob & Co. boutique hosted…
The fact that China’s economy may now be weakened but its domestic luxury market is almost double the size it was in 2019, with growth…
With wars grinding in Ukraine and the Middle East, and a record number of countries holding elections in 2024, consumers are, understandably anxious, and more…
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that…
Following years of growth, the luxury industry might face a slowdown, according to RBC Capital Markets. LVMH’s stock price falling -7% following its quarterly results, its biggest…
A new report from the British luxury council which represents around 600 businesses in London, has found that spending in the capital by tourists this…
For the first quarter of 2023, the majority of luxury brands and groups saw a decline in sales in America (Kering, Burberry, Prada, Richemont etc). Hermès is one…
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