Farfetch shares are more than a quarter down from where they were this time last week. And the reason? The company held a capital markets day Thursday and the cost of its ambitious plans didn’t please its investors.
Founded in Paris in 2013 by Sabrina Marshall and Sofia Bernardin, the high-end second-hand site welcomes Michael Dayan (ex-Showroomprivé), producer Darren Star and entrepreneur Shari Glazer to its capital.
G-III Apparel Group announced on Wednesday a 6% sales uptick for the third quarter, as higher inventory levels caused logistical challenges within the U.S. company's distribution centers, hindering its bottom line.
Saint Laurent, Bottega Veneta, Fendi, Ami and more. Between installations, special events and store openings, the big luxury names are all present in Florida for the Art Basel Miami Beach and Design Miami fairs.
Luxury accessories brand Mulberry reported its results for the 26 weeks up to 1 October on Wednesday and seemed upbeat, calling the performance “resilient”, despite a small sales dip and a swing to a pre-tax loss.
Pure London has named the keynote speakers for its February edition. The organisers said “retail industry legend” Ed Burstell and winner of All That Glitters, jewellery designer Piers Carpenter, will be the big names.