Net-a-Porter has announced they will be reducing the frequency of Porter magazine to twice a year and will be making investments into video and podcasts. The news was reported by WWD. Net-a-Porter says they have seen growth in digital consumption, and as a response will be opening new video studios […]

Ex-England international footballer David Beckham and his fashion-designer wife Victoria have taken full control of his brand company after snapping up shares they did not already own, The Financial Times said Friday. Citing people familiar with the matter, the business daily reported that David and […]

INTERVIEWASAP: as sustainable as possible, as soon as possible. That’s the motto of Brazilian luxury label Osklen, one of the winners of this year’s CO Leadership Awards alongside brands like Raeburn and Stella McCartney. Founded in 1988 by orthopedic surgeon turned fashion designer Oskar Metsavaht, […] has reported a 20.9 percent increase in net revenues to 121.1 billion yuan (118 billion dollars) in the first quarter of 2019 compared to the same quarter last year. Net service revenues at the company also rose to 12.4 billion yuan (1.9 billion dollars), an increase of 44 percent compared to […]

The rumors have been around for months, but Rihanna and LVMH kept their lips sealed. Not anymore. The French luxury conglomerate has confirmed this Friday that it will create a new luxury house centered on the Barbados-born popstar. The brand, which will debut in the Spring of 2019, will be called Fenty […]

Italian luxury label Moncler has reported a 14 percent (or 11 percent at constant exchange rates) increase in consolidated revenues for the first quarter of the year, up to 378.5 million euros compared to 332.0 million euros in the first quarter of 2018. Retail revenues for the period increased by 14 […]

Budget British fashion retailer Select has fallen into administration, putting 1,800 jobs at risk if a sale of the business is not agreed. Andrew Andronikou, Brian Burke and Carl Jackson of business advisory firm Quantuma were appointed as administrators of Genus UK Ltd, trading as Select, on 10 May. […]

Kering announced on Thursday that it concluded a settlement with the Italian Revenue Agency relating to claims it had evaded paying taxes for Gucci between 2011 and 2017, vis-a-vis its Swiss subsidiary Luxury Goods International S.A. (LGI). The French luxury group, which manages fashion houses including […]

Debenhams’ creditors have given approval for the department store's restructuring plan, meaning the company is on track with its plan to close 22 of its stores by early next year. Debenhams announced on Thursday that creditors approved the two CVA proposals made on 29 April - one by Debenhams Retail […]

Sales at Japanese sports and footwear company Asics fell by 5.7 percent in the first quarter to 98.708 billion yen (619.5 million pounds). The company said the drop in sales was mainly due to a decrease in sales in the 'running' category in Europe, and could not be offset by strong results from the […]

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