E-commerce enables local fashion boutiques to tap global markets. Or so the theory goes. What does it take to put it into practice?
Prada SpA reported a 44 percent drop in third-quarter profit as weaker spending by wealthy Chinese consumers weighed on the luxury-goods maker’s revenue growth.
Gucci holds the luxury spending downturn mainly responsible for its poor performance but the Italian fashion brand may also have itself to blame, suggesting it could be time to change strategy and hire fresh talent.
Italy’s top court has cleared fashion designers Domenico Dolce and Stefano Gabbana over charges of hiding hundreds of millions of euros from Italian tax authorities.
Thousands of people have been smuggled into Italy, finding work at factories that ignore basic safety standards, while billions of euros are smuggled back to China.
In four years, Paula Cademartori has built a modest but respectable accessories business set to generate $2.8 million in 2014 on compact, colourful handbags.
Luxottica Group SpA said founder Leonardo Del Vecchio will become interim chief executive officer after the Italian maker of Ray-Ban glasses lost its second leader in little more than a month.
Luxottica Group SpA, the world’s largest eyewear maker, slumped in Milan trading after losing its second chief executive officer in little more than a month.
Tod’s may spin off its luxury sneaker division, Hogan, according to a company spokeswoman.
At Toiletpaper, artist Maurizio Cattelan and photographer Pierpaolo Ferrari are creating provocative, hyperreal imagery that has ‘infected’ fashion with its naughtiness, irony, humour and shock value.