Brothers Giuliano and Giordano Calza have sold a majority stake in their high-end streetwear brand to Italian investment firm Made in Italy Fund, but will continue to play an active role at the company.
French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.
Luxury handbag reseller Rebag has released its first Clair Report, a consumer resource that covers value and trend shifts within the luxury resale market pertaining to retained brand value and pricing trends.
Marketing metrics firm Retviews has analysed the collections and market strategy of Jacquemus to pinpoint the elements enabling the French label to hold its own against top houses, only 11 years after its creation.
With the coronavirus having sent most of the world's luxury spending into a tailspin and China the only major economy expected to show growth this year, brands now depend more than ever on Chinese consumers for sales.