The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.
Michael Kliger
Luxury
In Online Luxury, Mytheresa Offers a Shred of Optimism
Mytheresa may not be leaps above its struggling online luxury peers, but its sales and profit growth are still modest. The company is betting that appealing to top spending clients will keep it from suffering the same fate as its competitors.
In Online Luxury, Mytheresa Offers a Shred of Optimism
Mytheresa may not be leaps above its struggling online luxury peers, but its sales and profit growth are still modest. The company is betting that appealing to top spending clients will keep it from suffering the same fate as its competitors.
The Technology Turning New Shoppers Into Loyal Customers
Abundant data and advanced analytics are helping brands create new models of their customers’ lifetime value. The aim is to gain better insight into which shoppers are worth investing in.
Duelling Visions for Online Luxury in Mytheresa and Farfetch’s Latest Results
Success online during this past year was hard-won, but questions remain about which players will be best positioned for the post-pandemic world.
After a Strong Start as a Public Company, What’s Next for Mytheresa?
Targeting big spenders with busy schedules, not discount hunters, has been a profitable approach that led to an IPO exceeding expectations. However, competition for those clients is fierce.
The One Luxury E-Commerce Player That’s Consistently Made Money
How has Mytheresa made online luxury profitable when competitors have struggled? CEO and President Michael Kliger reveals the secrets to the company’s success.
Can Mytheresa Bring Its Winning Streak to Menswear?
The German e-tailer has grown into a profitable $400 million business. Now, it’s hoping to crack the $32 billion menswear market.
Mytheresa Launches Kids
The Neiman Marcus-owned e-tailer is kicking off children’s clothing sales with 35 brands, including capsule collections from Gucci and Dolce & Gabbana.
Company Snapshot
The Mytheresa chief executive has led the luxury e-tailer to operating profitability and through a successful IPO.
The News in Brief
Express Files for US Bankruptcy Protection, to Close Over 100 Stores
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
Nike Says Job Cuts at Oregon Headquarters to Total More Than 700
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan.
P&G Lifts Annual Profit Forecast on Strong Us Consumer Demand, Easing Costs
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.