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Matchesfashion CEO is out, Chiquet steps up for now

Matchesfashion CEO is out, Chiquet steps up for now

​Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
Luxury
Kering takes stake in Vestiaire Collective

Kering takes stake in Vestiaire Collective

​If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Luxury
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone

Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone

Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
Luxury
Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

​Sales at Kering's leading brand, Gucci, suffered a bigger-than-expected drop in Q4 as Covid continued to dent luxury shopping and crimp tourist spending in particular.
Luxury
Net-A-Porter launches widgets to boost UX on Apple devices

Net-A-Porter launches widgets to boost UX on Apple devices

​YNAP’s Net-A-Porter and Mr Porter luxury e-tailers have launched new widgets for iPhone and iPad users, that allow customers “to preview and directly access the What’s New pages for both stores from their home screen”.
Luxury
New York Fashion Week Day Two: Pride and Volume

New York Fashion Week Day Two: Pride and Volume

No one could fault the latest crop of designer showing, in New York, for effort. In a busy Monday, with almost 30 collections, their arty videos and polished ideas were a reminder of how hard  people have been working.
Fashion
Jason Wu and Imitation of Christ open New York Fashion Week

Jason Wu and Imitation of Christ open New York Fashion Week

Jason Wu opened this month’s New York Fashion Week on the Sunday night of Valentine’s Day, with a nostalgic ode to Coca Cola capitalism. Imitation of Christ followed him with pure whimsicality.
Fashion
Opening Ceremony: Humberto and Carol on going to the mattresses

Opening Ceremony: Humberto and Carol on going to the mattresses

Opening Ceremony may have closed down its destination boutique in Soho last spring, but the brand is very much alive and kicking, as the latest collection from its founders – Carol Lim and Humberto Leon - trumpets.
Fashion
Wanna, with Natalia Vodianova as angel investor, lures luxe partners with unique AR

Wanna, with Natalia Vodianova as angel investor, lures luxe partners with unique AR

As many luxury brands  struggle, we spoke to Sergey Arkhangelskiy, boss of Reality technology start-up Wanna – which is working with the likes of Gucci, Farfetch and Puma – and aiming for a 200% growth rate this year. 
Luxury
Tag Heuer inks partnership with Porsche; and launches new Carrera chronograph

Tag Heuer inks partnership with Porsche; and launches new Carrera chronograph

Tag Heuer has inked a partnership with automaker Porsche, and launched the link-up by unveiling a new watch, the Tag Heuer Carrera Porsche Chronograph. 
Luxury
Luxury demand drives Watches of Switzerland into another strong quarter

Luxury demand drives Watches of Switzerland into another strong quarter

Everything’s ticking over nicely for Watches of Switzerland. The UK-listed premium timepiece retailer continued its impressive run of gains into Q3 and, importantly, stood by its full-year guidance.
Luxury
Karl Lagerfeld's right-hand man, Sébastien Jondeau: 'He would be upset with me' for talking about his illness

Karl Lagerfeld's right-hand man, Sébastien Jondeau: 'He would be upset with me' for talking about his illness

Sébastien Jondeau, the former bodyguard and personal assistant of Karl Lagerfeld, has written a memoir in collaboration with Virginie Mouzat, called "Ça va, cher Karl ?"* [How are you, dear Karl].
Luxury
Net-A-Porter new buying and merchandising chief Cranfield starts at firm

Net-A-Porter new buying and merchandising chief Cranfield starts at firm

Net-A-Porter said Monday that the new head of buying and merchandising it announced in November has arrived to take up her newly-created strategic role.
Luxury
Swatch posts first loss in almost 40 years due to pandemic

Swatch posts first loss in almost 40 years due to pandemic

The Swiss watchmaker announced its first annual loss since starting business almost 40 years ago on Thursday, as the coronavirus pandemic continues to negatively affect demand in the luxury sector. 
Fashion
Gucci intensifies eco drive as it unveils 'nature-positive' climate strategy

Gucci intensifies eco drive as it unveils 'nature-positive' climate strategy

​Gucci is deepening its dive into sustainability and on Wednesday unveiled a new evolution of its strategy that takes it “beyond carbon neutrality towards a nature-positive approach”.
Fashion