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Roberto Cavalli secures new licensing partnership for childrenswear

Italian fashion house Roberto Cavalli has announced a new licensing partner for childrenswear on Thursday. According to a press release, the Italian textile group Arav Group will take responsibility for the production and distribution the collections of the Roberto Cavalli Junior and Just Cavalli Junior lines. The creative direction of the two...

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De Beers to close lab-grown diamond brand, Lightbox

Diamond company De Beers Group has announced plans to shutter Lightbox, its lab-grown diamond (LGD) jewellery brand. The company confirmed the news in a press release, where it stated that it wished to instead reinforce its “commitment to natural diamonds” and thus had entered into discussions with potential buyers for the sale of certain...

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Resale platform Luxe Collective to shutter

British resale platform Luxe Collective has announced plans to close down its business just seven years into its lifespan. The news comes almost one year after the company faced a break-in at its warehouse, where it was reported that over 500,000 pounds in stock was stolen. Luxe Collective revealed it was closing down on its official Instagram...

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Lucien Pagès creates a joint venture with AIPR in the UK

French company Lucien Pagès Communication has merged with AIPR and created the joint venture Lucien Pagès & AIPR in the UK. Five months after its acquisition by international company The Independents, the Lucien Pagès Communication agency is implementing its expansion strategy with the creation of Lucien Pagès & AIPR. The new entity was created...

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Mothercare sales decline amid Middle East challenges, ends Boots distribution deal

Mothercare plc has issued a pre-close trading update for the 52-week period ending March 29, 2025 reporting unaudited retail sales of 231 million pound, an 18 percent decline from the previous year, primarily due to ongoing challenges in Middle Eastern markets. Adjusted EBITDA is expected to be approximately 3.5 million pounds, aligning with...

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The RealReal reports GMV, revenue growth and profitability surge

The RealReal, online marketplace for resale luxury goods, reported a 9 percent increase in gross merchandise value (GMV), reaching 490 million dollars, and an 11 percent rise in total revenue, totalling 160 million dollars. The company achieved a net income of 62 million dollars, or 39 percent of total revenue, a turnaround from a net loss of 31...

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Environmental objectives of luxury groups: Who is aiming for what?

By 2040, Chanel is expected to achieve net-zero greenhouse gas emissions across its entire value chain. With this goal, the company aligns itself with the Paris Agreement signed in 2015, which aims in particular to keep global warming well below 2°C compared to pre-industrial levels by 2100. But what about the other luxury giants? FashionUnited...

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Merrell and Saucony Drive Wolverine Worldwide's Q1 performance

Wolverine Worldwide reported positive financial results for the first quarter of 2025, showcasing a turnaround driven by strong performance from its Merrell and Saucony brands. The company achieved a 4.4 percent year-over-year increase in total revenue, reaching 412.3 million dollars, with ongoing business revenue up 5.5 percent to 412.3 million...

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UK and US strike up trade deal: What to know

The US and the UK have struck up a trade agreement during what government officials say is a “historic day” that aims to “boost trade between and across our countries”. In the Oval Office, US president Donald Trump was joined via phone by UK prime minister Keir Starmer for a press conference announcing the new deal. With it, according to Trump,...

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Africa's secondhand clothing market balances economic promise and pressures

Africa has become a critical player in the global secondhand clothing market, offering a fast-growing outlet for pre-owned apparel exports while highlighting tensions between economic necessity and industrial ambition. Driven by affordability, style diversity, and sustainability concerns, the continent’s demand for secondhand garments—often...

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Tapestry raises 2025 revenue outlook as Q3 outperforms

Tapestry outperformed in the third quarter of the current financial year, with a revenue increase driven by constant currency growth seen both at its Coach brand and across the European region. Over the period ended March 29, 2025, the company, which also owns Kate Spade and Stuart Weitzman, posted a revenue of 1.58 billion dollars, representing...

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Crocs Q1 revenues remain flat, withdraws full-year outlook

Crocs, Inc. has announced its first-quarter 2025 financial results, surpassing expectations despite a challenging global environment. However, due to the unpredictable nature of the current global trade environment and consumer uncertainty, Crocs has decided to withdraw its full-year 2025 guidance. The company reported consolidated revenues of...