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luxury

Shein expands U.S. presence with new office in downtown Bellevue, Seattle

by Lionel Rogers
Shein expands U.S. presence with new office in downtown Bellevue, Seattle

Global online fashion and lifestyle retailer Shein announced on Thursday plans to open a new Seattle-area office in downtown Bellevue, expanding its growing U.S. footprint. Shein expands U.S. presence with …

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Anglo could take writedown on De Beers after diamond slump

by Lionel Rogers
Anglo could take writedown on De Beers after diamond slump

By Bloomberg Published Feb 9, 2024 Anglo American Plc said it could take an impairment on its De Beers diamond unit after the sector was hit by a collapse in …

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Capri sales continue to wane across all brands as soft luxury demand lingers in the Americas

by David Johnson
Capri sales continue to wane across all brands as soft luxury demand lingers in the Americas

Capri Holdings announced on Thursday revenues fell 5.6% to $1.43 billion for the third quarter, with retail segment sales hurt by softening luxury consumer demand primarily in the Americas. See catwalkVersace – Spring-Summer2024 – …

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Singapore’s GIC Private Ltd. takes significant stake in Kohl’s

by David Johnson
Singapore’s GIC Private Ltd. takes significant stake in Kohl’s

In a regulatory filing with the United States Securities and Exchange Commission (SEC), GIC Private Ltd, a prominent fund manager headquartered in the Republic of Singapore, revealed on Thursday a …

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Genesis, CFDA name Grace Ling as winner of inaugural AAPI Design + Innovation Grant

by Lionel Rogers
Genesis, CFDA name Grace Ling as winner of inaugural AAPI Design + Innovation Grant

Genesis, in collaboration with the Council of Fashion Designers of America (CFDA), announced on Thursday Grace Ling as the first-ever AAPI Design + Innovation Grant winner.  Genesis, CFDA name Grace …

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Tapestry lifts 2024 profit forecast on China demand rebound, strong margins

by Lionel Rogers
Tapestry lifts 2024 profit forecast on China demand rebound, strong margins

By Reuters Published Feb 9, 2024 Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and early signs of a demand …

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Westfield mall owner sees earnings boost from Paris Olympics venues

by David Johnson
Westfield mall owner sees earnings boost from Paris Olympics venues

By Reuters API Published Feb 9, 2024 Westfield mall owner Unibail-Rodamco-Westfield sees the Paris Olympics and Paralympics boosting its earnings for 2024, it said on Thursday, with several of its …

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Puma appoints Julie Legrand to lead global brand strategy

by David Johnson
Puma appoints Julie Legrand to lead global brand strategy

Translated by Cassidy STEPHENS Published Feb 8, 2024 Puma’s new senior director in charge of the global strategy for the German sports equipment manufacturer has neither a sport, nor a …

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Valentino Lunar New Year films, Tod’s SS24 campaign underline importance of Chinese shoppers

by Lionel Rogers
Valentino Lunar New Year films, Tod’s SS24 campaign underline importance of Chinese shoppers

The undeniable importance of the Chinese consumer can be seen from two new campaigns with Valentino launching three special films for the Lunar New Year and Tod’s unveiling its SS24 …

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Ezgi Barcenas to take over from Alexandra Palt as executive vice president CSR

by David Johnson
Ezgi Barcenas to take over from Alexandra Palt as executive vice president CSR

On April 1, Alexandra Palt will be stepping down as executive director of corporate social responsibility at L’Oréal in order to “embark on a new personal chapter devoted to new …

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