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Richemont moves entire enterprise IT infrastructure to Amazon's AWS

Richemont moves entire enterprise IT infrastructure to Amazon's AWS

​Richemont is moving its enterprise IT infrastructure to Amazon Web Services in a deal to drive more dynamic e-tail experiences, more personalisation, better supply chain management and many other benefits.
Luxury
Neiman Marcus Group makes executive appointments

Neiman Marcus Group makes executive appointments

Luxury retailer Neiman Marcus Group (NMG) announced on Monday the appointment of three executive appointments starting with Natalie Lockhart as senior vice president, strategy & execution. 
Luxury
Stella McCartney launches capsule celebrating The Beatles

Stella McCartney launches capsule celebrating The Beatles

Stella McCartney has launched a new capsule collection celebrating the legendary British band, The Beatles, and an upcoming documentary under the same name. 
Luxury
Balenciaga takes haute couture to Shanghai

Balenciaga takes haute couture to Shanghai

Since Friday, the house has been hosting a five-day event showcasing the first haute couture collection from Demna Gvasalia. Showing a selection of 30 looks, the event also features an exhibition and try-on sessions. 
Luxury
Taesoon Chai of Korea wins 2021 edition of ITS emerging designer competition

Taesoon Chai of Korea wins 2021 edition of ITS emerging designer competition

With his volumes, quirky cuts and colourful palette, the Korean menswear stylist won the 2021 edition of the young designers’ competition in Trieste, Italy, which launched for the occasion ITS Arcademy, opening in 2022.
Luxury
Virgil Abloh and Mercedes link-up again for electric show car concept

Virgil Abloh and Mercedes link-up again for electric show car concept

​Virgil Abloh’s additional talents as an architect and artist are resurfacing in the designer’s latest collaboration with luxury car marque Mercedes-Benz.
Luxury
Prada CEO reveals that son Lorenzo Bertelli will succeed him

Prada CEO reveals that son Lorenzo Bertelli will succeed him

The son of Patrizio Bertelli and Miuccia Prada currently works as director of marketing and head of CSR at the company. According to his father, Lorenzo Bertelli "has the right attitude" to succeed him. 
Luxury
Farfetch's shares take a hit from forecast cut on waning demand

Farfetch's shares take a hit from forecast cut on waning demand

Shares of Farfetch Ltd plunged 22% on Friday and were set to post their biggest percentage drop in more than two years after the retailer cut a key growth forecast, blaming cooling demand for high-end fashion.
Luxury
Farfetch shares plunge despite revenue rise and Q3 profitability

Farfetch shares plunge despite revenue rise and Q3 profitability

​Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Luxury
Maison Margiela launches Icons line

Maison Margiela launches Icons line

The brand has brought together its 4 and 14 collections, which are dedicated to timeless classics, as a single line. the Icons collection offers a range of basics through which John Galliano revisits Margiela's codes. 
Fashion
Daughter of refugees Diane von Furstenberg brings DVF Awards to Paris, fetes feminism and welcomes Amal

Daughter of refugees Diane von Furstenberg brings DVF Awards to Paris, fetes feminism and welcomes Amal

“Covid has put women back 35 years. It has sent millions of them back to the home. It’s that simple,” said  Diane von Furstenberg, designer, entrepreneur and daughter of two refugee parents, at the DVF Awards.
Luxury
Prada sets 4.5 billion euros revenue goal, to boost e-commerce

Prada sets 4.5 billion euros revenue goal, to boost e-commerce

Italian luxury group Prada targets 40% revenue growth in the medium-term from pre-pandemic levels by boosting its online business and the profitability of physical stores, it said on Thursday.
Luxury
Comfort, Uggs and Kanye are among key trends says StockX

Comfort, Uggs and Kanye are among key trends says StockX

​Online resale specialist StockX says that pre-Black Friday search trends include comfort being key and shoppers on the marketplace being interested in Ugg, Telfar, Rick Owens, Clot, Parra and Kanye's Yeezy Foam Runners.
Fashion
Ralph Lauren opens new flagship in Milan

Ralph Lauren opens new flagship in Milan

The ‘World of Ralph Lauren’ store covers five floors and spans nearly 16,000 square feet. It houses Ralph Lauren’s Men’s, Women’s and RRL brands, as well as the brand’s first hospitality experience in Italy. 
Luxury
Versace appoints Cedric Wilmotte as interim CEO

Versace appoints Cedric Wilmotte as interim CEO

The Italian label has announced that its new interim CEO will be Cedric Wilmotte, who will hold the role from January 2022 until the end of the year, leaving time to find a permanent successor for Jonathan Akeroyd.
Luxury
Burberry opens Shanghai flagship, features new concept

Burberry opens Shanghai flagship, features new concept

​Burberry has opened Shanghai Plaza 66, its latest flagship and the second such store to feature its new global design concept “that encapsulates the essence of the luxury house”.
Luxury