Puma Q1 results offered good news as the sports giant, which is currently riding the athleisure wave and also launching a raft of collaborations, said sales surged 20%+ as all regions and product segments did well.
Kering's luxury labels may have boosted supply chain transparency but many luxury firms are falling short, Fashion Revolution claims. And the most transparent fashion labels of all? Sports giants Adidas and Reebok.
Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it can offer faster delivery and better protection against fakes than bigger rival Alibaba.
Shares in France's LVMH rose over 5% to record highs in early trading on Tuesday after the group posted better-than-expected sales growth in the first quarter, helped by thriving Chinese appetite for luxury goods.
French luxury goods group LVMH on Monday posted a surge in first quarter sales, beating analysts' growth forecasts and boosted by Asian demand for its labels ranging from Louis Vuitton to Christian Dior.