The pandemic in China has had a minor impact on the luxury group’s quarterly results. The company is confident for the future in the market, where it wants to strengthen its physical and online presence.
ASOS on Tuesday said it’s still seeing rising sales, while it made a profit in line with guidance. But the figures were muted and it warned that the external environment is riskier than usual at present.
Dior will stage its next Cruise show in Seville, Spain, while sister LVMH brand Louis Vuitton will unveil its cruise collection in San Diego, USA, as major marques start head off to exotic locations this spring.
German start-up Snocks, based in Mannheim, south of Frankfurt, has sold a stake to private equity firm Cathay Capital, with a view to accelerating the international expansion of its socks and underwear business.
Victoria's Secret & Co said on Wednesday that it has completed the sale of a minority stake in its China business to Hong Kong-based lingerie maker Regina Miracle International Ltd for $45 million in cash.
Giorgio Armani has revealed plans to open an Armani Hotel near Riyadh, in his latest expansion of his hotel chain. He opened his first Armani Hotel in 2011 in Dubai inside the world’s tallest building, the Burj Khalifa.
PVH Corp. announced on Tuesday strong fourth quarter revenue and earnings that surpassed expectations, capping off a year that saw annual revenues lift 28% and operating margins beat out 2019 pre-pandemic levels.
The move marks the company’s fifth acquisition, following those of Style Coalition, Visual Box, IMAXtree and Parklu. CEO Michael Jais reveals his plans and goals for the future in an interview with FashionNetwork.com.