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LVMH takes full control of Pucci

Luxury conglomerate company LVMH, the parent company to luxury brands including Louis Vuitton, Dior, and Givenchy, now owns 100 percent of Emilio Pucci. LVMH bought out the remaining 33 percent that was still held by the founding family. Exact details of the transaction were not disclosed. Per the terms of the deal, Laudomia Pucci, will step...

18 Jun 2021

Business

Walmart invests in on-demand drone delivery service

Retail giant Walmart has announced its investment in DroneUp - a nationwide on-demand drone delivery service. The news comes following a trial between the two companies last year which saw the delivery of at home covid-19 self-collection kits. The trail successfully completed hundreds of safe drone deliveries from Walmart stores. John Furner,...

18 Jun 2021

Business

OVS revenues jump compared to Q1 2020

Total sales at OVS in the first quarter amounted to 229.6 million euros, up 124 percent compared with the same period in 2020. When compared to the performance in 2019, value declined by 27.7 percent. The company said, the month of May benefited from a progressive strong increase in sales, with double-digit growth compared to 2019. Commenting on...

18 Jun 2021

Business

Maternity wear brand Seraphine eye London IPO

Digital maternity and nursing wear brand Seraphine is considering an initial public offering (IPO). The company said in a statement that the group is considering applying for the admission of the shares to the premium listing segment of the official list of the FCA and to trading on the London Stock Exchange’s main market for listed securities....

17 Jun 2021

Business

Dr. Martens first result as listed company reveals revenue and earnings growth

In a preliminary results release for the year to March 31, 2021, Dr. Martens plc said, the group delivered revenue of 773 million pounds, up 15 percent driven by ecommerce, where revenue was up 73 percent to represent 30 percent of mix. “I am pleased to be reporting our first results as a publicly listed company. I am very proud of the...

17 Jun 2021

Business

N Brown posts Q1 product revenue growth of 4.6 percent

N Brown posted first quarter revenue growth of 0.5 percent to 168.7 million pounds with product revenue up 4.6 percent and financial services revenue down 5.9 percent. The company’s core brands, Jacamo, Simply Be, JD Williams, Ambrose Wilson and Home Essentials, were up 15.5 percent and now represent 81 percent of product revenue, up from 67...

17 Jun 2021

Business

LVMH partners with Google for AI innovation

French luxury group LVMH has partnered with Google Cloud to accelerate innovation and create new could-based artificial intelligence solutions. The two businesses will join forces to offer new AI and machine learning technologies, aimed at improving business operations through demand forecasting and inventory optimization. The customer...

16 Jun 2021

Business

Ralph Lauren reveals goal to achieve net-zero emissions by 2040

American fashion company Ralph Lauren has set a new goal to reach net-zero greenhouse gas emissions by 2040. The announcement is part of the company’s recently published Global Citizenship and Sustainability Report, which provides an update on its Design the Change initiative. Other goals the company has revealed include gaining Cradle to Cradle...

16 Jun 2021

Business

Pantys expands into Europe with Selfridges pop-up

Pantys, the absorbent underwear brand with 100 percent carbon-neutral products, has expanded into Europe with a pop-up at Selfridges in London, the brand’s first retail partner. Founded by Emily Ewell and Maria Eduarda Camargo in Brazil in 2017, Pantys was created to improve the quality of life for women through sustainability and innovation,...

16 Jun 2021

Business

Neiman Marcus Group intends to acquire Stylyze

The Neiman Marcus Group has revealed its intention to acquire Stylyze - a digital platform that offers solutions to retailers for an improved customer experience. NMG initiated a strategic partnership with Stylyze in 2018, and its technology is already a key part of the company’s remote-selling platform and industry-leading client tool called...

16 Jun 2021

Business

Condé Nast College launches advisory council

The Condé Nast College of Fashion and Design has launched its advisory council with Edward Enninful OBE, editor-in-chief of British Vogue and European editorial director of Vogue, as advisory council chair. The advisory council was created to assist leading curriculum developments and to guarantee the college is in accordance with the fashion...

15 Jun 2021

Business

Genesis. A new designer label you should work for

Why new car brand Genesis are recruiting in luxury retail Genesis is a new car brand created to offer customers a whole new way to own and drive a luxury car. The cars themselves are created by top Belgian designer, Luc Donckerwolke and exude elegance and style. See for yourself atwww.genesis.com The Genesis range are premium luxury cars...

15 Jun 2021