Next is one of those companies whose trading updates just can’t be ignored given that it’s a) so huge, b) such a strong performer most of the time and c) a real bellwether for the health of the UK high street and online sector. So what did we learn this morning? It’s not doing too…
Is Gucci’s success a flash in the pan? Can YSL survive the shock departure of Hedi Slimane? Is Bottega Veneta still the quiet star it’s been for years? All these questions and more will be answered right here. OK, it’s not hard: the answers are ‘no’, ‘no’, and well… ‘no’. Gucci and YSL are storming…
The luxury sector is being closely watched at the moment for any signs of a recovery, or even of a further downturn. And none is more closely watched than the world’s biggest, LVMH. So what did the Louis Vuitton and Fendi owner serve up yesterday? Well first of all, a definite statement that it intends…
So LVMH is selling DKNY to G-III Apparel with G-III’s CEO calling DKNY “iconic” and LVMH’s MD saying the “time was right”. Apart from that opening sentence probably containing more initial letters than any I’ve written in my entire life, there’s no actual surprise there. The fact is that the US-based Donna Karan business never…
Luxury fashion company Tod’s is currently trying to reinvent itself, adjusting its product and moving from a two-seasons-a-year model to a new-season-each-month one. And it seems that the plan couldn’t come soon enough because tough conditions mean the luxury sector is currently in need of a change. The company has just reported its first half…
Yesterday gave us more news on just what M&S plans to do to turn around its clothing offer and an interesting update it certainly was. CEO Steve Rowe said at the AGM that “We have been giving our customers too many reasons not to shop with us. They tell us we have not got the…
Burberry’s in the news at the moment. No, wait, Burberry’s always in the news. Just more so at the moment. So only a couple of days after announcing Christopher Bailey would step down as CEO, the company issued a trading update this morning that the news media is jumping all over. Newspaper and websites largely…
Good news from Asos today. The pureplay fashion e-tailer saw total sales rising 30%, or 26% currency-neutral to £514.6m in the four months to June 30, a slight acceleration from a still-enviable 25% currency-neutral rise in the 10 months to the end of June. Yippee.
There may be a lot more occupying the front pages these days but an M&S sales report is always headline news. And today’s? Well, all I can say is ouch! Comparable sales in its clothing and home units fell 8.9% in the quarter to July 2, which is a big drop, a really big drop.…
How valuable is a creative head to a high-end brand? Very. Just how valuable has become clear following the latest development in Hedi Slimane’s legal dispute with his ex-employer Kering. Slimane has just won a $13m settlement in his contractual dispute with the owner of the Yves Saint Laurent brand after a Paris commercial court made a…
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