Jimmy Choo to target Millennials with accessories focus, more ‘fashion active’ shoes By Sandra Halliday – May 31, 2018 On the post-results announcement conference call, Kors CEO John Idol talked up Choo’s prospects and reiterated its target of Choo becoming a $1 billion brand. That’s an ambitious goal considering it’s currently at ‘only’ $108 million, but it’s being…
French-owned groups still lead worldwide luxury market, according to Deloitte survey May 30, 2018 France continues to dominate the world luxury goods market. According to the latest annual survey by consulting firm Deloitte, published on Tuesday, the country’s top luxury names like LVMH, L’Oréal, Kering and Hermès account for nearly one quarter of the total…
Amazon cuts Australia from its US site to avoid sales import tax May 29th, 2018 Amazon.com Inc said on Thursday it will force Australians to use its Australian website instead of its much larger U.S. site from July 1 to avoid a new sales tax on certain imported goods. The move will…
Denim Première Vision to focus more on fashion May 17th, 2018 Denim Première Vision’s spring session is scheduled at the Parc Floral in Paris on 23rd-24th May, when the denim trade show will be sporting a new look and introducing a new format. Denim PV’s next edition will feature new-look stands The show’s management…
Burberry sales and profits up as rebirth begins, US improves May 17, 2018 Burberry is always in the public eye but it’s under particular scrutiny at the moment given its much-publicised strategy change and also the fact that its CEO and creative heads are still new in their jobs. Burberry – Spring-Summer2018 – Womenswear…
VF Corp creates 175 new jobs with new DC in PA By Cassidy Mantor – January 18, 2018 VF Corporation is opening a new $52M distribution center in Jonestown, PA next year, creating over 175 new jobs with the company over the next three years. Vans, The North Face and Timberland will ship out of the new DC.…
Quiksilver boss Pierre Agnès missing at sea January 30, 2018 A search was under way on Tuesday (Jan 30) for the chief executive of surfing brand Quiksilver after his boat was found empty, washed up on a beach in south-west France, officials said. Pierre Agnès – ©Iroz Gaizka, AFP Pierre Agnès, 54, had…
Ralph Lauren enters into license agreement with ABFRL to open stores in India By Maverick Martins – January 30, 2018 US fashion house Ralph Lauren has entered into a license agreement with Aditya Birla Fashion and Retail Limited (ABFRL) for the opening of franchisee Ralph Lauren brick-and-mortar outlets in India. Ralph Lauren The ABFRL board has approved…
Saks, Lord & Taylor hit by payment card data breach April 1, 2018 Retailer Hudson’s Bay Co on Sunday disclosed that it was the victim of a security breach that compromised data on payment cards used at Saks and Lord & Taylor stores in North America. Reuters One cyber security firm said that it…
Europe’s Unibail-Rodamco bids $16 billion for Westfield in global shift December 12, 2017 Unibail-Rodamco, Europe’s biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, (A$21 billion) marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping. Westfield Corp The…