Capri Holdings has reported revenue of $1.025 billion in Q3 FY26, down 4 per cent YoY, while operating margin improved to 4.5 per cent. Adjusted EPS rose to $0.81. Strong cash flow and the Versace divestment reduced net debt to $80 million. Michael Kors saw revenue decline, while Jimmy Choo...
Ermenegildo Zegna has posted FY25 revenues of €1.92 billion (~$2.26 billion), down 1.5 per cent YoY but up 1.1 per cent organically, driven by strong DTC growth, which now accounts for 82 per cent of branded sales. The Americas led regional performance, while China remained weak. Q4 showed...
China’s personal luxury market contracted 3–5 per cent in 2025, moderating from 2024’s sharp decline, as the sector entered a recalibration phase, Bain said. Consumers became more selective, favouring value-driven and experience-based luxury. Domestic spending rose, overseas purchases fell,...
Hermes is expanding its France-made leather goods production with a new workshop in Les Andelys, Normandy, creating 260 artisan jobs. Built on a former industrial site, it strengthens Hermes’ regional hub, supports local employment and training via the Ecole Hermes des savoir-faire, and reflects...
LVMH will propose Ariane Gorin’s appointment to its board at the April 23, 2026 AGM after Marie-Laure Sauty de Chalon decided not to renew her mandate following twelve years. Chairman and CEO Bernard Arnault praised Sauty de Chalon’s contributions and highlighted Gorin’s international experience...
India is rapidly becoming a key growth driver for the global luxury industry, supported by strong consumer demand and resilient, long-term growth fundamentals rather than a temporary cycle. With momentum easing in established markets, international luxury brands are stepping up investments in...
Gordon Brothers has acquired the global brand and intellectual property of LK Bennett from its administrators. Founded in London in the 1990s, the heritage label will be repositioned under an asset-light model, with Gordon Brothers targeting growth through licensing, franchise expansion, retail...
H&M has improved profitability in FY25 despite currency headwinds, with local-currency sales up 2 per cent and operating margin rising to 8.1 per cent. Cost control, inventory optimisation and strong European demand supported earnings. Q4 margins strengthened sharply, while store rationalisation...
PVH Corp has partnered with OpenAI to integrate advanced AI across its global operations, supporting brands including Calvin Klein and Tommy Hilfiger. The collaboration will enhance product design, demand planning, inventory optimisation and consumer engagement, strengthening PVH’s data-driven...
Salvatore Ferragamo has reported consolidated revenues of €977 million (~$1.17 billion) in 2025, down YoY. DTC sales rose modestly at constant exchange rates, supported by the US, Europe, and the Americas, while Asia lagged. Q4 saw sequential DTC improvement across regions despite continued...