LVHM chief Bernard Arnault is set to visit China, two sources told Reuters on Thursday, as European luxury goods makers closely track the pace of recovery of the key market following three years of Covid disruptions.
Grund’s total payout included special awards that the company’s compensation committee said reflected exceptional performance, the company disclosed in its annual report Friday.
The luxury brand committed to a three-year lease for the ground-level retail space at Capitol Centre starting in mid-May, according to government records.
Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc of illegally copying the “iconic” snapped flap pocket that the company has long featured on its fleece outerwear.
Monthly Swiss watch exports to the US declined for the first time in more than two years, signalling a slowdown in demand from the biggest market for pricey timepieces.
Asos, the British online fashion pioneer valued at more than £7 billion ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, illustrating the sharp decline in its fortunes.
Macy’s Inc. said earnings will be weaker than previously expected for the full year, underscoring the uncertainty around US consumer spending through the remainder of 2023.
The brand named Stefano Gallici as creative director after Ludovic de Saint Sernin exited the brand over "different visions" with owner Claudio Antonioli.