The former Coach chief is tasked with speeding the transformation of Capri Holdings’ largest brand into a true luxury player before taking the helm of the entire group next year.

Data from an Israeli study that showed vaccines’ effectiveness is curbing the coronavirus pandemic gave luxury shares a welcome shot in the arm this month.

CEO Jonathan Akeroyd is betting that a new signature print and marble-clad store concept will speed the Italian fashion house’s recovery from the pandemic and help scale its business.

To support the fight against Covid-19, European fashion companies have been doing everything from producing hand sanitiser to building new hospital wings. What’s driving these wartime-like efforts?

Coronavirus is spreading across the world with signs of recovery in Asia offset by growing pandemonium in Europe and the United States.

Without a reliable revenue stream, retailers with ample cash on hand are better positioned to weather the storm, analysts say. But some categories are faring better than others, like sportswear and heritage luxury.

Any disruption to regular consumer habits will exacerbate existing challenges in the retail sector, analysts say.

The group, which also owns Michael Kors and Jimmy Choo, said it expects third-quarter revenue of $1.53 billion, below analysts' average estimate of $1.60 billion.