
Burberry lost almost £1 billion off its market capitalisation on Monday, following the announcement that CEO Marco Gobbetti is to leave, as worries over who will continue to lead its strategic transformation surfaced.
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Burberry lost almost £1 billion off its market capitalisation on Monday, following the announcement that CEO Marco Gobbetti is to leave, as worries over who will continue to lead its strategic transformation surfaced.
In a shock move, Burberry chief Marco Gobbetti is leaving the company at the end of this year to take up a new role at Ferragamo in Italy and be closer to his family.
Salvatore Ferragamo is in negotiations with fragrance group Interparfums, which produces perfumes for brands including Coach and Jimmy Choo, about a licensing deal for the development of its own fragrances.
The stock market is bullish, the economy is recovering, consumer confidence is growing: all indicators are positive, fuelling luxury purchases on a North American market that is highly dynamic and promising for labels.
The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
Registrations have opened for ITS 2021, a competition dedicated to young design, based in Trieste. Scheduled for October, the contest will feature a new digital prize this year. Registrations close on June 24.
In Q1 2021, the Italian luxury label reported a better-than-expected net loss of €0.6 million, down from €41 million YOY, as business was “volatile” owing to the Covid-19 pandemic.
Middlebury, Connecticut-based Timex Group, a world leader in watchmaking, and Adidas, revealed on Thursday a new global licensing agreement for watches.
It's the world's biggest market for luxury goods -- and their counterfeits -- so an expert eye for telling a bona fide Chanel handbag from a bogus one is a skill set in hot demand across China.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.