Luxury eyewear conglomerate EssilorLuxotticca announced the promotion of Paul du Saillont to Essilor chief executive officer, effective immediately.…
Lululemon sales hit $4 billion dollars in 2019
Luxury activewear brand Lululemon said the total revenues for full-year 2019 hit $4 billion, on the back of double-digit sales growth in the fourth quarter.…
SMCP sees 2019 sales jump 11% on surging international sales
China-owned SMCP reported a double-digit uptick in its full-year sales for 2019, on the back of surging international sales growth and solid sales in France.…
Neiman Marcus files for bankruptcy
Luxury retailer Neiman Marcus Group Inc is in talks with lenders to file for bankruptcy as it struggles to ease its $4.3 billion debt load.…
Jimmy Choo goes into cosmetics
Luxury shoe designer Jimmy Choo has dipped its toe in the cosmetics arena with its first line of make-up products.…
Ted Baker to sell London’s headquarters
Ted Baker exchanged contracts with British Airways Pension Trustees Limited in respect of the sale of the entire issued share capital of Big Lobster Limited.…
Johnny Coca to leave Mulberry
Johnny Coca is leaving Mulberry after five years. His last collection will be spring/summer 2021, to be unveiled in September.…
Safilo and Isabel Marant announce ten-year plan
Safilo and Isabel Marant announce a new global ten-year license agreement for the design, manufacture and distribution of Isabel Marant sunglasses and optical frames.…
Coach’s CEO departs, Tapestry’s CEO remains
Tapestry, Inc. announced that Jide Zeitlin, Chairman and Chief Executive Officer, has committed to continue leading the company for the next three years as Tapestry defines and implements its multi-ye…
China’s Shandong Ruyi delays Bally buy on finance troubles
Shandong Ruyi has been reportedly delayed in closing on its purchase of Swiss luxury brand Bally, as it struggles to secure $600 million in financing.…