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Prada sees sales growth in second half after strong recovery in H1

Prada sees sales growth in second half after strong recovery in H1

Italian fashion group Prada sees sales rising further in the second half of the year after revenues beat market expectations in the first six months, extending a recovery from the worst of the Covid-19 crisis.
Luxury
Consumers seek eco transparency from brands, less greenwashing

Consumers seek eco transparency from brands, less greenwashing

​Consumers want more transparency from brands around eco practices with nearly a third of them thinking not enough is being done, while almost a quarter think there’s too much ‘greenwashing’ simply to improve sales.
Fashion
Mailbox posts "strong" retail rent collections

Mailbox posts "strong" retail rent collections

Yet more positive news on UK retail rent collections. This time it comes from Midlands-based Mailbox REIT, which recorded a “strong” 92% collection rate for the 24 June-28 September period.
Fashion
Westfield owner URW is cautiously optimistic as Europe bounces back

Westfield owner URW is cautiously optimistic as Europe bounces back

Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Fashion
Saks Off 5th appoints Amazon alum as chief operating officer

Saks Off 5th appoints Amazon alum as chief operating officer

Hot on the heels of its spin-off as a standalone company, the Saks Off 5th e-commerce business has announced the appointment of former Amazon exec Shivi Shankaran as its new COO.
Fashion
Tapestry reveals new environmental, social and compensation initiatives

Tapestry reveals new environmental, social and compensation initiatives

The American luxury group has announced a series of new initiatives, including the launch of the Tapestry Foundation, the expansion of its corporate responsibility agenda, and the implementation of a $15 minimum wage.
Luxury
Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Nicky Zimmermann on 'The Postcard' resort 2022; opening in Cannes and making it from Australia

Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann. 
Fashion
Aeffe increases stake in Moschino to 100%

Aeffe increases stake in Moschino to 100%

The fashion group, which has owned 70% of its flagship brand since 1999, has purchased the remaining 30% from Italy's Siny, taking complete control of the business. The value of the transaction was 66.5 million euros. 
Fashion
Gucci and Rolex are still just as popular when it comes to counterfeits

Gucci and Rolex are still just as popular when it comes to counterfeits

If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
Luxury
BFC maintains charitable giving despite lower funding in latest year

BFC maintains charitable giving despite lower funding in latest year

​The British Fashion Council has released its annual report for 2020/21 in which it shared some of the achievements of what was one of the most challenging years ever.
Fashion
Bally's AW 21 campaign celebrates Swiss modernism and natural landscapes

Bally's AW 21 campaign celebrates Swiss modernism and natural landscapes

​Bally has unveiled the AW21 campaign for its Legacy Continua collection that “pays tribute to 170 years of excellence in design and leather craftsmanship since 1851”.
Fashion
Dunno. Curated is new sustainable vintage store in Soho

Dunno. Curated is new sustainable vintage store in Soho

​Landlord Shaftesbury has announced another new store in its Soho, London portfolio with Dunno. Curated, a new vintage store, opening at 8 Berwick Street this week.
Fashion
Podcast: Nathalie Colin discusses combining creativity and commercial relevance

Podcast: Nathalie Colin discusses combining creativity and commercial relevance

For the former creative director of Swarovski, who founded a creative agency with her daughter last year, creativity is not incompatible with business. She speaks to Olivier Guyot about her approach and her optimism. 
Luxury
Kering sales nearly double in Q2 as Gucci steams ahead

Kering sales nearly double in Q2 as Gucci steams ahead

Sales at French luxury group Kering nearly doubled in the second quarter as coronavirus curbs were relaxed in much of the world, with its star fashion label Gucci accelerating sharply.
Luxury
Online shoppers: 35% shun brands not acting 'responsibly'

Online shoppers: 35% shun brands not acting 'responsibly'

​Any brand or retailer still thinking that ethical issues don't matter should look at a new report. The study says that as many as 35% of online shoppers in the UK will only associate with "responsible" brands. 
Fashion
Rolex tops list of most searched for fakes

Rolex tops list of most searched for fakes

​UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Luxury