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Movado annual earnings up on international wholesale, own stores sales growth

Movado annual earnings up on international wholesale, own stores sales growth

Movado Group, Inc. announced on Thursday net sales increased 2.7% to $751.9 million for the fiscal 2023 year, on growth in the watchmaker's international wholesale business and own stores. 
Fashion
Luxury bags are significantly more expensive in China than in Europe

Luxury bags are significantly more expensive in China than in Europe

While waiting for the Chinese to start traveling again, brands are betting on a rebound in domestic demand following the end of the anti-Covid measures, increasing their prices, reported a study by Retviews by Lectra.
Luxury
Moschino announces that Jeremy Scott is stepping down as creative director

Moschino announces that Jeremy Scott is stepping down as creative director

The house of Moschino announced on Monday afternoon that Jeremy Scott is stepping down as creative director of the Milan-based marque, after a decade long rein. 
Fashion
Kering commits to cut greenhouse gas emissions by 40% by 2035

Kering commits to cut greenhouse gas emissions by 40% by 2035

French luxury conglomerate Kering announced on Friday a new commitment to reduce its absolute greenhouse gas emissions by 40% by 2035.
Luxury
Cucinelli raises sales growth forecast for 2023

Cucinelli raises sales growth forecast for 2023

Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant order numbers.
Luxury
Guess annual sales lift on strong Europe gains, the Americas weighs

Guess annual sales lift on strong Europe gains, the Americas weighs

Guess Inc. announced on Tuesday revenues for the fiscal 2023 increased 4% to $2.69 billion, upheld by sales gains in the fashion brand's European and Asian markets, offsetting sluggish growth in the Americas. 
Fashion
London fears losing luxury shoppers to Paris and Milan

London fears losing luxury shoppers to Paris and Milan

London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.
Luxury
Tod's sees 'excellent' start of season after beating FY profit forecasts

Tod's sees 'excellent' start of season after beating FY profit forecasts

Italian fashion group Tod's said on Monday it had an excellent start of the season as it posted higher-than-expected operating profits for last year.
Luxury
Women's fashion week: Ten trends for winter 2023-2024

Women's fashion week: Ten trends for winter 2023-2024

From New York to London, Milan and Paris, designers have created high quality collections for Autumn-Winter 2023-2024, marking a return to formal elegance without losing sight of uninhibited sexyness.
Fashion
Watches of Switzerland Group links with circularity-focused ID Genève brand

Watches of Switzerland Group links with circularity-focused ID Genève brand

​Watches of Switzerland (WoS) continues to build its portfolio of premium brands. Billed as the most eco-innovative Swiss watch brand, ID Genève has now joined the WoS’s high-end line-up.
Luxury
Rokh, Abra, Mossi and Situationist: four different interpretations of avant-garde in Paris

Rokh, Abra, Mossi and Situationist: four different interpretations of avant-garde in Paris

Faced with the challenge of reinventing fashion, niche brands opted to collaborate with other international firms, master their tailoring skills or focus on environmental responsibility. 
Fashion
Deeny’s Dozen: The 12 best collections in the world this season

Deeny’s Dozen: The 12 best collections in the world this season

The runway season just ended marking a restoration of reined in chic, with brands and designers keen to capture new followers after the dark grind of the pandemic. We select the 12 most memorable fashion statements.
Fashion
Ukrainian brands Bevza and Di Stavnitser showcase elegance and resilience in Paris

Ukrainian brands Bevza and Di Stavnitser showcase elegance and resilience in Paris

Resilience and adapting to a bleak backdrop mark the Ukrainian mindset and its fashion collections. FashionNetwork.com discuss business in times of war with firm Bevza and the newly launched brand Di Stavnitser. 
Fashion
Hong Kong loses lustre as retail units go vacant and big brands look to China

Hong Kong loses lustre as retail units go vacant and big brands look to China

Hong Kong is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China.
Luxury
Recession-proof rich to help Harrods prosper, boss calls for tax-free shopping reinstatement

Recession-proof rich to help Harrods prosper, boss calls for tax-free shopping reinstatement

​An upbeat Harrods’ boss Michael Ward said in an interview that he’s confident the luxury department store would continue to prosper in an economic downturn because “the rich get richer in a recession”.
Luxury
Consumers cut clothing spend in February, but jewellery, beauty get Valentine's boost

Consumers cut clothing spend in February, but jewellery, beauty get Valentine's boost

​UK consumer and retail spend last month was OK, but not brilliant as Valentine's Day provided support for the jewellery and beauty categories, but non-essentials (especially clothing) were largely off the priority list.
Fashion