Swarovski, the Austrian crystal specialist, reported a 6% increase in 2024 revenue to €1.906 billion, as the family-owned company enjoyed a marked improvement in its business performance. Swarovski CEO Alexis Nasard “Swarovski’s turnaround is in full motion, with another year of major progress, including strong organic growth and significant improvements in EBIT and cash, driven…
UK retail mega-landlord Shaftesbury Capital responded to speculation about its intentions in London’s Covent Garden late Wednesday confirming that it was in talks on a link-up with a major investor, but that it might not happen. Then on Thursday it said the deal was done! The property giant, which also owns vast tracts of London’s…
New figures from the analysts at GlobalData show that both Shein and Adidas grew strongly last year, ending as the big winners among the mega-names of global mass fashion and sports. Bloomberg GlobalData said that a “challenging economy made consumers more selective over where they shopped for apparel in 2024”. Overall, the top 10 players…
Translated by Nazia BIBI KEENOO Published March 20, 2025 After six weeks of fashion weeks spanning New York, London, Milan, and Paris, the French capital closed out the runway marathon last week with an intense ten-day finale. As international trade dynamics remain uncertain and the luxury sector undergoes significant transformations, FashionNetwork.com spoke with department store…
By Bloomberg Published March 19, 2025 Elliott Hill has made his strategy for turning around Nike Inc. very clear in his first five months as chief executive officer: return the sneaker giant to focusing on sports, not fashion. Nike Hill has reshaped the company’s organizational chart, overhauled the sports marketing unit and tried to rekindle…
Translated by Nicola Mira Published March 19, 2025 Jean-Marc Pontroué has posted on social media to say he is leaving luxury watch brand Panerai after seven years at the helm. His announcement has sparked a flurry of speculation about a potential in-depth reorganisation within Swiss luxury group Richemont and its watch-making division. The next day,…
We tend to hear more about department stores closing these days than being refurbished or opening but small, privately-owned chain Morleys Stores Ltd has announced plans to reopen the Jollys store on Milsom Street, Bath, “bringing a revitalised shopping experience to this historic retail destination”. The company said it will be a “huge boost for…
Istituto Marangoni, one of fashion’s leading private higher educational groups, on Monday unveiled its new Paris campus, locateds in the tony 16th arrondissement of the city. Istituto Marangoni Paris – Courtesy Marangoni, which was previously located in Paris’ 8th arrondissement, first opening there in 2006. Spread over five floors at 15 rue Boissière, the new…
By Bloomberg Published March 18, 2025 Dolce & Gabbana Srl, the Italian fashion house known for bold, Mediterranean-inspired designs, says its beauty business now holds the key to an independent future in the rapidly shifting luxury industry. See catwalkDolce & Gabbana – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Revenue from…
Translated by Roberta HERRERA Published March 18, 2025 In 2024, Inditex expanded its presence with new store openings across 47 markets, reinforcing its dominance in global fashion retail. But where is the company focusing its expansion strategy, and what does its commercial trajectory look like for 2025? Closing its latest fiscal year on January 31,…