Let Temu keep the cheap stuff. Amazon should go luxe
By Bloomberg Published Jul 9, 2024 Over the past two weeks, Amazon.com Inc. has sought to make inroads in the selling of both bling and bargains. Only one move is …
Farfetch
Matches to shut down for good on 30 June
Matches is to close forever at the end of this month after a period in which it has been clearing stock under the control of its administrators. The luxury fashion …
Yoox Net-A-Porter exits China – report
As luxury giant Richemont continues to seek a long-term solution for its underperforming Yoox Net-A-Porter (YNAP) business, a report has said that the online operation is exiting China to focus …
Richemont’s Online Luxury Retailer Net-A-Porter to Exit China
By Bloomberg Published Jun 14, 2024 Richemont’s luxury e-commerce platform Yoox Net-A-Porter is pulling out of China, as weak consumer spending puts increasing strain on high-end brands’ operations in the …
Luxury labels slash prices 50% to lure wary Chinese shoppers
By Bloomberg Published Jun 14, 2024 Some luxury labels are discounting their products to an unprecedented degree in China, reflecting a growing panic over unsold inventory as local consumers pull …
Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms
Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) …
Mytheresa scores 18% rise in Q3 revenues; no comment on recent rumors of going private
Mytheresa, the German-born luxury e-tailer, on Wednesday announced a sturdy 18% rise in third quarter revenues, in the latest sign that the company has successfully weathered the downturn in the …
Valentino links with Wanna’s AR try-on tech for Valentino Garavani VSling bag
Virtual try-on (VTO) specialist Wanna only announced the launch of VTO for bags a couple of months ago and now Maison Valentino has launched a VTO experience for its Valentino …
Marcelo Burlon steps down as creative director of County of Milan label
Translated by Nicola Mira Published Apr 23, 2024 Marcelo Burlon is stepping down as creative director for his County of Milan label. The announcement comes at a delicate time of …
Marcelo Burlon Steps Down as Creative Director of County of Milan
MILAN — Marcelo Burlon is stepping down from his role as creative director of the County of Milan brand he founded in 2012. The brand’s parent New Guards Group said …