The French group has acquired the 49% stake held by Italian glasses maker Marcolin in Thélios, the joint venture founded by the two companies in 2017, thereby taking complete control of its eyewear operations.
Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
According to a new report from McKinsey, exploring the rapidly growing resale market not only opens a new revenue stream for luxury labels but could also have a positive effect on brand loyalty and desirability.
Since Friday, the house has been hosting a five-day event showcasing the first haute couture collection from Demna Gvasalia. Showing a selection of 30 looks, the event also features an exhibition and try-on sessions.