Philipp Plein has announced plans to donate 220,000 euros to the Gianna Floyd Foundation, in an attempt to end a copyright infringement suit with Ferrari, stemming from a copyright case from August 2019.
European cross-border e-commerce continues to grow, with fashion a leading category and pure players grabbing the lion share of the business, while Amazon accounted for 80% of the sales generated by non-European sellers.
Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
Debenhams isn’t the only UK retailer to opt for a so-called light touch administration filing during the lockdown and on Friday, the UK arm of Victoria’s Secret did the same, naming Deloitte to handle the process.
Another UK e-tail report on Friday showed fashion sales low, despite the overall surge in online spending. But its authors think that once fashion starts to recover post-lockdown, e-tailers could be the big winners.
Wolford has shared plenty of bad news in recent years but this week the brand shared some good news too. The company said that it's now debt-free and has the cash to get it through the coronavirus crisis.
The outdoor lifestyle group has announced skyrocketing e-commerce sales in the first nine weeks of Q2, giving the company hope of achieving better-than-expected results in a quarter negatively impacted by Covid-19.
Luxury industry leaders have assessed the impact of Covid-19 on the sector, envisaging a recovery only in the long-term, according to a survey by the Italian Fashion Chamber and Pitti Immagine, with McKinsey & Company.
The NYC-based owner of DKNY and Donna Karan has reported a 36.1% decline in its Q1 sales as a result of the Covid-19 pandemic, and also announced the permanent closure of its Wilsons Leather and G.H. Bass Stores.