The luxury group suffered in all regions in the first quarter, except in Japan, where retail sales jumped by 16%, and in the Middle East. In Asia, which accounts for a third of Kering's revenues, sales fell by 19%.

Loop Generation, the e-tailer for pre-loved designer fashion, has opened a physical store in London’s Chelsea.

Prada SpA’s sales jumped as the Italian fashion group, which also owns Miu Miu, continues to outperform its biggest rivals.

Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. 

Knitwear specialist John Smedley is betting on UK manufacturing making a comeback in a changed world and is investing millions in making its factory available for third-party manufacturing for the first time in 40 years.

Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products.

The French luxury group has unveiled the eight finalist labels for its eleventh LVMH Young Design Awards, from eight countries. The final will be held on September 10. 

The Italian group achieved sales of 463 million euros in the first quarter, driven by the US, where sales jumped by 58%, while they fell by 15% in China. While Zegna made progress, Thom Browne fell back.

Amira Rasool's plan to make her online marketplace the 'LVMH of Africa' is playing out globally.

The Roman luxury house achieved sales of €1.35 billion in 2023, down 5% on 2022. However, sales through its direct sales network were up by 3%.

​Vivienne Westwood’s personal wardrobe is going up for auction in London, including ballgowns, tweed suits and more.

Ganni, the clean-cut Danish hipster label, has named the former Balenciaga executive Laura du Rusquec to be its new CEO in a significant shift of emphasis at the brand.

​After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.

On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches. 

​Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.

The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.