​Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.

Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.

Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.

​Norwegian fashion and lifestyle label Holzweiler has entered a “strategic partnership” with Sequoia Capital China, the latter having made a “significant investment” in the family-owned firm.

Tapestry, the owner of Coach, Kate Spade, and Stuart Weitzman, has given Scott Roe, its current chief financial officer (CFO), additional responsibility as chief operating officer (COO) of the company.

Italian fashion house Gucci has announced on Twitter that it will now accept ApeCoin — the Bored Ape Yacht Club’s proprietary cryptocurrency — for purchases at select stores in the US.

​Kering’s unstoppable Balenciaga brand has a giant new market to target. On August 4, Reliance Brands Limited said it has signed a strategic deal with the “hottest global luxury brand” to bring it to the Indian market. 

The founder and largest shareholder at Italy's Tod's has decided to launch a takeover offer on the luxury shoemaker with the aim of delisting it from the Milan stock exchange, the family holding company said Wednesday.

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.

​Leather materials and leathergoods specialist Pittards has acquired the brand and assets of Hill & Friends Limited, the contemporary luxury bag brand founded by Emma Hill and Georgia Fendley.

​SMCP unveiled an all-time H1 sales record with its results on the first day of August, driven by “strong momentum in Europe and Americas”, something other premium and luxury firms have also talked of.

​Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.

Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas said on Friday.

The Italian fashion group, owner of Alberta Ferretti, Moschino and Pollini, closed H1 2022 with a gross operating margin (EBITDA) of €20.9 million and a net profit of €2.9 million, down from €13.3 million in 2021.

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.

A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.