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luxe

Gucci grows nearly 50 % thanks to nineties revival

French luxury group Kering achieved a 36.5 % turnover increase in its first quarter as Gucci took full advantage of a 90’s revival among young consumers: the luxury brand is “hot” among teens and saw its turnover climb 48.7 %.

Suitcase brand Rimowa cancels all dealer contracts

Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

Luxury retailer Yoox Net-A-Porter on course despite profit drop

Online luxury retailer Yoox Net-A-Porter has shown increased sales in the Middle East across 2017, but its profit did suffer. Nevertheless, the fashion retailer believes it will reach its five-year target.

Gucci is main stimulus for Kering's profit

French luxury group Kering proved to be very successful in 2017: its turnover grew 25 % and its net profit more than doubled compared to the year before.

Small fourth quarter setback for Hermès

French fashion brand Hermès’ fourth quarter turnover dropped 0.4 % but its full-year results were great, with a 7 % turnover increase and improved margins compared to the year before.

Luxury group Richemont grows 7 percent

French luxury group Richemont achieved a 7 % third quarter revenue increase. Unfortunately, exchange rate fluctuations eliminated nearly everything.

Luxury manufacturers can block retailers from selling on Amazon
  • Published in m-Tail

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

Opinion: Why Delvaux needs Game of Thrones-inspired handbags

Pop culture, fashion and luxury: they have gone hand in hand for ages, but their bond seems stronger than ever now. Why is Delvaux selling Game of Thrones handbags and how is Kim Kardashian helping the worldwide demand for luxury brands?

Burberry reveals new strategy following successful six months

Burberry’s first six months were very successful: turnover grew 9 % and the operational profit even shot up 28 %. Nevertheless, its share was punished, because investors have reacted skeptically to CEO Marco Gobbetti’s new strategy announcement.

New CEO for Christian Dior

Sidney Toledano, who has led French fashion label Christian Dior for the past nineteen years, will hand over the reins to current Fendi CEO Pietro Beccari in February. The move is part of a major reshuffle operation at the head of LVMH.

Luxury jewels find their way to eCommerce

Luxury jewelry and watch brands have long since ignored online sales, both through their own web shops and through third parties. Nowadays, it seems they have changed their mind, as the online world offers plenty of growth, especially compared to offline channels.

LVMH launches own multi-brand web shop
  • Published in m-Tail

French luxury group LVMH has devised a web shop called 24Sevres.com, that will focus on its own luxury brands and leave a space for other brands as well. The new online platform will launch on 6 June in seventy countries.

Luxury brands still do not want to work with Amazon
  • Published in m-Tail

Despite Amazon's annual growth, its massive customer base and the forecast that it will become the largest clothing seller in the United States next year, luxury brands are still wary of the platform.

Dean & DeLuca comes to Europe
  • Published in Food

Well-known American gourmet chain Dean & DeLuca will open its first European store in London, good news for foodies with an unlimited budget...

French luxury stores can open their doors on Sunday

Luxury brands can now open on Sunday in France, although it is only possible in several tourist areas. They will now be able to open their doors on Sunday 26 times every year.

Burberry's profit dropped for second year in a row

British fashion label Burberry's past fiscal year, which ended on 31 March, yielded a lower profit despite higher turnover. CEO Christopher Bailey immediately announced the company would take measures to reignite growth.

Jimmy Choo experiences tremendous growth in Asia (and mainly Japan)

With a 317.9 million pound (about 400 million euro) yearly turnover, British luxury shoe brand Jimmy Choo outperformed 2014 by 7.2 %, thanks to the Asian markets.

Record turnover for French luxury brand Hermès

French luxury goods producer Hermès has managed a record 4.8 billion euro turnover in 2015, up from 4.1 billion euro in 2014. Net profit reached 973 million euro.

“Online luxury retail worth nearly 38.5 billion euro in 2019"
  • Published in m-Tail

The worldwide luxury retail industry will generate a 41.67 billion dollar turnover in 2019 according to market research firm Technavio. Remarkable fact is that multi-brand sites will lead the charge.