Capri Holdings, which owns renowned fashion brands such as Michael Kors, Versace, and Jimmy Choo, announced its fiscal second-quarter 2025 results on November 7, revealing a significant shortfall in sales projections.
Fashion
Richemont Announces Profit Decline in H1 Earnings – Impact of Weak Demand in China on Watch Division
On October 8, luxury conglomerate Richemont announced its H1 earnings, revealing stable sales but declining profit.
LVMH Moët Hennessy Louis Vuitton’s investment arm, LVMH Luxury Ventures, has acquired a minority stake in the Swedish menswear brand Our Legacy.
On November 7, Ralph Lauren Corporation announced that its second-quarter revenue for FY2025 grew by 6% year-over-year, surpassing expectations.
Aritzia, a fashion retailer based in Canada, is experiencing rapid growth in the U.S. market.
Joshua Schulman, the new CEO of Burberry, faces a daunting task in reviving this traditional British luxury brand.
On November 2, Velvet by Graham & Spencer celebrated the grand opening of its new boutique in the vibrant Nolita neighborhood of New York City.
On November 4, the Aeffe Group’s Alberta Ferretti brand announced the appointment of Alexandra Lamprecht as its first-ever general manager.
On November 4, renowned haute couture fashion house Elie Saab announced the appointment of Greek-Austrian luxury handbag designer Marina Raphael as Artistic & Design Director for its handbag division.
Swedish eyewear brand CHIMI has recently opened its first U.S. flagship store in New York’s SoHo district.