Author: Eric Sylvers
Moncler’s most muted quarter and Zegna’s US expansion will provide clues to whether the two Italian luxury groups can sustain their transformations.
MILAN – La Perla Atelier appointed Alessio Vannetti as chief executive, marking another step forward for the historic Italian lingerie brand as it looks to regain its footing after emerging from bankruptcy. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Richemont’s first-quarter sales jumped 20 percent with strong growth across all regions, particularly the US, as the Swiss luxury group continues to gain ground on rivals. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The designer’s appointment follows a 14-year run at Balmain that ended in November and comes with a mandate to expand the brand into new product categories.
The sporting goods giant faces a ‘show me’ moment as investors seek signs of stabilisation with sales down in seven of the past eight quarters.
Personal luxury goods sales are now expected to rise 2 to 4 percent this year, as geopolitical tensions and higher interest rates weigh on the sector.
The executive stepped down after three years running the Italian fashion house. Prada is accelerating leadership changes as it reshapes the recently acquired luxury house.
The Swedish fast-fashion giant may once again manage to lift earnings through improved efficiency and cost cuts, but its strategy to deliver sustainable sales growth will be the key focus for second quarter results.
The Swedish fast-fashion giant may once again manage to lift earnings through improved efficiency and cost cuts, but its strategy to deliver sustainable sales growth will be the key focus for second quarter results.