September’s Paris Fashion Week will feature a total of 92 houses, as Paul Smith and Raf Simons return, and scores of brands plan physical shows on the calendar of the Federation de la Haute Couture et de la Mode.
Dior has once again snatched first place in Launchmetrics’ quarterly list of the top power players in luxury fashion, while Gucci has made solid progress in China as the country leads the sector’s post-pandemic recovery.
After taking a plunge last week following the announcement of China’s wealth redistribution plan, share prices for the leading luxury groups made up some ground earlier this week, though uncertainty lingers.
UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.