Business

The world's top 10 luxury companies generate more than half of all global luxury sales

A new report assessing the global powers of luxury sees just 10 companies take more than half of all global luxury sales of the total top 100 companies it analysed. In a report by Deloitte, Global Powers of Luxury Goods 2020, the world’s top 100 luxury goods companies generated revenues of 281 billion dollars in 2019. The top 10 companies, which...

12 hours ago

Fashion CEO INTERVIEW

‘The Apple among bags': meet smart bag brand Minois

When people hear 'elegant ladies bag' they do not immediately think of technology. Still, without sacrificing style, there are leather bags that can charge tablets and phones, and that automatically turn on a light as soon as the bag opens. Meet the Dutch brand Minois. "Bags have been around for a very long time, but if you look at what has been...

15 hours ago

Fashion

Black models take over Sao Paulo Fashion Week

Afro-Brazilian models Shirley Pitta and Gloria Maria Fonseca Siqueira had dreamed of the catwalk since they were girls, but in a Brazilian fashion world much whiter than the country itself, it remained a far-away fantasy until recently. In a sign of changing times in Brazil and elsewhere, the pair saw their dreams come true at this year's Sao...

15 hours ago

Business

Clarks gets green light for CVA

British footwear retailer Clarks has received the green light from creditors to go ahead with a company voluntary arrangement (CVA). Earlier this month, Hong Kong-based private equity firm LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the retailer’s CVA got the go-ahead. The retailer announced Friday...

20 Nov 2020

More News

Business

Macy's Inc appoints new senior vice president of corporate communications

Department store Macy’s Inc has appointed Malek Robert Amirshahi as the company’s new senior vice president of corporate communications, effective December 7. Amirshahi replaces Cheryl Heinonen, who will be leaving Macy’s, Inc. after the holiday season. He will report to the chief transformation and human resources officer at Macy’s Inc,...

8 hours ago

People

Beppe Modenese, 'prime minister of Italian fashion', dies

Beppe Modenese, who helped catapult Italy to the top of world fashion and who was nicknamed its "prime minister," has died, the head of the country's fashion industry said Sunday. "Beppe Modenese contributed like no one else to the birth of the Italian fashion system and led... the affirmation of Milan as the capital of fashion," Carlo Capasa...

11 hours ago