Cycling brand Rapha may have seemed to be riding high a few months ago when it was bought by Walmart heirs Steuart and Tom Walton, but it has been struggling of late and posted a £20m loss in its latest set of accounts.
Gucci, the Italian fashion label driving revenue growth at French luxury group Kering, will branch into high end jewellery with a collection in June or July, Kering boss François-Henri Pinault said on Friday.
J.Crew Group on thursday reported a double-digit sales increase in the third quarter, with a return to growth at its namesake brand. The group announced it will shutter the budget line Mercantile and Nevereven brand.
EssilorLuxottica, the spectacles company formed by the merger of Essilor and Italy’s Luxottica, said its search for a new chief executive would start next year as planned, dismissing rumours about a power struggle.
The German company has come up with a new mass-market self-care and beauty brand for the French and Scandinavian markets: N.A.E., or Naturale Antica Erboristeria, the fresh offshoot of an older Italian brand.