Swiss luxury goods group Richemont said Friday that sales had climbed above their pre-pandemic level thanks to sales in Asia, the Americas and Middle East. Jewellery sales led the advance, while fashion sales declined.
The company has become a pioneer in Spanish fashion with the launch of an accelerator in collaboration with Plug and Play. The programme could invest up to 15 million euros in projects over the next three years.
UK beauty clinic specialist The Skincare Sanctuary has bought anti-ageing professional skincare brand Gatineau for an undisclosed sum. The London-based clinic group has purchased the brand from Revlon Consumer Products.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.
ASOS has seen another good trading period with the four months up to the end of June seeing healthy revenue growth, despite volatile demand, increased global supply chain issues and continued Covid restrictions.
Coinciding with the launch of Desigual's start-up accelerator, FashionNetwork.com spoke to the Catalan label's CEO, Alberto Ojinaga, who explained the group’s new strategy centred on innovation and collaboration.