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Hugo Boss poaches another Tommy Hilfiger executive

Hugo Boss poaches another Tommy Hilfiger executive

German fashion house Hugo Boss has appointed Oliver Timm as its chief sales officer with effect from Jan. 1, 2021, just weeks after it hired former Tommy Hilfiger boss Daniel Grieder as its next chief executive.
Luxury
Kering makes commitment to biodiversity

Kering makes commitment to biodiversity

The French luxury group has published its first ever dedicated biodiversity strategy, one of the main pillars of which is a 5 million-euro fund for the development of regenerative agriculture. 
Fashion
YNAP CEO Marchetti joins Armani board as non-executive director

YNAP CEO Marchetti joins Armani board as non-executive director

Yoox Net-a-Porter (YNAP) Chairman and Chief Executive Federico Marchetti was appointed non-executive director on the board of fashion house Giorgio Armani, the luxury group said on Wednesday.
Fashion
Harrods could cut 14% of staff as pandemic fallout continues

Harrods could cut 14% of staff as pandemic fallout continues

Harrods is believed to be cutting up to 700 jobs as the fallout from the coronavirus crisis continues to devastate the retail sector. That number would mean up to 14% of its workforce being made redundant.
Luxury
Gucci launches sustainable collection via Farfetch exclusive

Gucci launches sustainable collection via Farfetch exclusive

Sustainability is having an ever larger impact on luxury and this week Gucci launches its first collection under its Gucci Circular Lines initiative. It debuts on Farfetch where it will be exclusive for two weeks.
Luxury
TM Lewin to shut all stores in pre-pack administration deal

TM Lewin to shut all stores in pre-pack administration deal

Each news story about TM Lewin seems to deliver worse news and the latest development is that the menswear retailer is closing all of its shops and becoming online-only. It means the loss of over 600 jobs.
Fashion
Gucci makes major cuts to wholesale network

Gucci makes major cuts to wholesale network

As previously announced, Kering's Gucci has executed an increasingly popular strategy among luxury fashion houses and reduced the number of its retail partners, notably cutting its wholesale network by 70% in Italy.
Fashion
Bargain-hunting Britons seek investment accessories and high street buys - report

Bargain-hunting Britons seek investment accessories and high street buys - report

New LovetheSales.com analysis of e-shopper demand shows a hunger for luxury investment pieces as well as high street fashion for the looming day when consumers will be able to restart their social lives.
Fashion
LVMH reduces 2019 dividend by 20%, as sales plummet 15% in first quarter 2020

LVMH reduces 2019 dividend by 20%, as sales plummet 15% in first quarter 2020

"Expect a slow recovery from the pandemic in 2020", warned Bernard Arnault, chairman and CEO of LVMH, whose giant group on Tuesday morning announced a 20% reduction dividend in 2019.
Fashion
Frasers Group ups Hugo Boss stake to 10%

Frasers Group ups Hugo Boss stake to 10%

The move significantly increases Frasers’ investment in Hugo Boss and it comes just weeks after it announced it had taken a 5.1% stake in the business.
Luxury
Belstaff Glasgow reopening sees launch of appointment service

Belstaff Glasgow reopening sees launch of appointment service

Belstaff has reopened its Glasgow store this week as Scottish non-essential shops have been allowed to open their doors again for the first time in months and it's using the moment to launch a by-appointment offer.
Luxury
Paul Stuart opens new Long Island store

Paul Stuart opens new Long Island store

The New York-based luxury fashion retailer has announced that its fifth full-service company-owned U.S. store will open at 50 Main Street in Southampton, New York, on July 1, 2020.
Luxury
Fédération inks deals with YouTube, Google, Instagram and Facebook; launches dedicated platform for Paris couture and menswear

Fédération inks deals with YouTube, Google, Instagram and Facebook; launches dedicated platform for Paris couture and menswear

The Fédération de la Couture et de la Mode, the governing body of French fashion, has created two dedicated new platforms to present this July’s haute couture and menswear seasons in Paris.
Fashion
TM Lewin could see pre-pack deal to achieve store closure aims

TM Lewin could see pre-pack deal to achieve store closure aims

As the new owners of TM Lewin continue to seek new deals for its retail stores, a report has suggested the company could consider a pre-pack administration in order to allow it to close as many of the shops as possible.
Fashion
Camera unveils Milan's debut digital season with 39 events

Camera unveils Milan's debut digital season with 39 events

The Camera della Moda has unveiled the schedule for July's Milan Digital Fashion Week, with 39 video displays, presentations and live events – a season including mega labels like Prada, Gucci, Zegna and Dolce & Gabbana.
Fashion
Valentino planning digital double header for couture in July

Valentino planning digital double header for couture in July

The house of Valentino is planning a unique couture double header this July, a blend of physical and digital that will span two cities – Paris and Rome - the latest novel idea for presenting fashion during the pandemic.
Luxury