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Farfetch

Coupang posts first loss since 2022 as Farfetch saps profit

by Lionel Rogers
Coupang posts first loss since 2022 as Farfetch saps profit

By Bloomberg Published Aug 7, 2024 Coupang Inc posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong …

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Yoox Net-A-Porter exits China – report

by David Johnson
Yoox Net-A-Porter exits China – report

As luxury giant Richemont continues to seek a long-term solution for its underperforming Yoox Net-A-Porter (YNAP) business, a report has said that the online operation is exiting China to focus …

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Richemont’s Online Luxury Retailer Net-A-Porter to Exit China

by Lionel Rogers
Richemont’s Online Luxury Retailer Net-A-Porter to Exit China

By Bloomberg Published Jun 14, 2024 Richemont’s luxury e-commerce platform Yoox Net-A-Porter is pulling out of China, as weak consumer spending puts increasing strain on high-end brands’ operations in the …

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Luxury labels slash prices 50% to lure wary Chinese shoppers

by David Johnson
Luxury labels slash prices 50% to lure wary Chinese shoppers

By Bloomberg Published Jun 14, 2024 Some luxury labels are discounting their products to an unprecedented degree in China, reflecting a growing panic over unsold inventory as local consumers pull …

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Mango partners with Turkish brand Siedrés to reaffirm Mediterranean spirit

by David Johnson
Mango partners with Turkish brand Siedrés to reaffirm Mediterranean spirit

Translated by Roberta HERRERA Published Jun 13, 2024 The Barcelona fashion brand continues to forge ahead in the realm of collaborations. Just weeks after Mango unveiled its exclusive premium capsule …

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Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

by Lionel Rogers
Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) …

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Mytheresa scores 18% rise in Q3 revenues; no comment on recent rumors of going private

by Lionel Rogers
Mytheresa scores 18% rise in Q3 revenues; no comment on recent rumors of going private

Mytheresa, the German-born luxury e-tailer, on Wednesday announced a sturdy 18% rise in third quarter revenues, in the latest sign that the company has successfully weathered the downturn in the …

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Valentino links with Wanna’s AR try-on tech for Valentino Garavani VSling bag

by Lionel Rogers
Valentino links with Wanna’s AR try-on tech for Valentino Garavani VSling bag

Virtual try-on (VTO) specialist Wanna only announced the launch of VTO for bags a couple of months ago and now Maison Valentino has launched a VTO experience for its Valentino …

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Marcelo Burlon steps down as creative director of County of Milan label

by David Johnson
Marcelo Burlon steps down as creative director of County of Milan label

Translated by Nicola Mira Published Apr 23, 2024 Marcelo Burlon is stepping down as creative director for his County of Milan label. The announcement comes at a delicate time of …

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Singapore woman killed in Spain: US$1,000 Nike shoes suspect Mitchell Ong wore reportedly match crime scene footprints

by Walter Watson
Singapore woman killed in Spain: US,000 Nike shoes suspect Mitchell Ong wore reportedly match crime scene footprints

A preliminary autopsy report found that knife wounds and head trauma were the cause of her death, reported Spanish media outlet La Verdad de Murcia. A Spanish Civil Guard officer …

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