On October 23, French luxury conglomerate Kering announced that its third-quarter revenue amounted to €3.78 billion (approximately $4.08 billion), a 16% decline compared to the same period last year.
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On October 22, former Abercrombie & Fitch CEO Mike Jeffries was arrested on sex trafficking charges.
On September 15, French luxury conglomerate LVMH (Moët Hennessy Louis Vuitton) announced its third-quarter results for 2024. Although overall sales reached €19.076 billion (approximately $21 billion), organic sales declined by 3%, falling significantly short of analysts’ expectations.
On October 13, the major shareholder of the British luxury brand Mulberry, operated by the Mulberry Group, issued a statement declaring that it has no intention of selling its shares in response to Frasers Group’s takeover proposal.
On October 10, AMTD IDEA Group, based in Hong Kong, announced that the renowned French fashion magazine L’Officiel has made its full-scale entry into the Japanese market with the launch of L’Officiel Japan.
On October 10th, Bloomberg reported that Lazada, a subsidiary of Alibaba Group, is partnering with top European fashion brands to achieve $100 billion in e-commerce volume by 2030.
On October 7, 2024, Mytheresa (MYT Netherlands Parent B.V.) announced that it has signed an agreement to acquire all shares of the Italian online fashion retailer Yoox Net-a-Porter Group (YNAP), owned by Richemont.
Primo Global Holdings Co., Ltd., is a company that continues to lead the wedding jewelry industry and has garnered immense support both domestically and internationally. In this interview, OSF sat down with Naoki Sawano, CEO of Primo Global Holdings, to discuss the brand’s success factors, post-pandemic market trends, and his vision for the future.
On September 30, LVMH announced the sale of Off-White to Bluestar Alliance LLC, a New York-based brand management company.
On September 26th, LVMH announced that it had acquired a 10% stake in “Double R,” an investment vehicle managed by Ruffini. Double R currently holds approximately 15.8% of Moncler’s shares.