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Valiram, the Malaysian retail group, has opened the first Salvatore Ferragamo store in Indonesia. Located in Plaza Indonesia, the store is part of Valiram’s growing international network of stores under multiple licensed brands, including Victoria’s Secret,…
Marco Gobbetti is to give up his role as CEO of Burberry after leading the brand and business for almost five years. According to a report, Gobbetti will return home to Italy to lead rival luxury goods group Ferragamo. Gobbetti will stay with Burberry until…
Italian luxury goods group Salvatore Ferragamo said on Tuesday that China and e-commerce had boosted sales in the year so far after the COVID-19 pandemic pushed the firm to its first full-year operating loss since it listed in Milan 10 years ago. Deputy…
Luxury label Il Bisonte has come a long way from a family-owned retailer to a landmark flagship store in Harbour City which opened this month. Il Bisonte may not be the first Italian brand that comes to mind, but this artisanal leather label has been in…
The winter promotion for Lotte Duty Free will kick off on 23 November and run until 2 January 2019. The large-scale event will see more than 50 overseas brands, including MaxMara, Ferragamo and Vivienne Westwood, offered at a discount of 20-80%. During the…
Hong Kong’s OnTheList flash-sale concept has launched in Singapore. The first OnTheList Singapore sale will run from September 19 to 22 in Ngee Ann City Tower B. It marks the first overseas foray by the independent, members-only flash-sale concept platform,…
A “steady if cautious” Hong Kong retail recovery is clearly underway, according to a report from Savills released today. “The retail sector is slowly coming to life after four years of painful adjustment which has seen the emergence of a ‘tenant’s market’, a…
Italian fashion label Salvatore Ferragamo has taken over four JVs created in partnership with Trinity (Fung Group), which distributes the brand in South Korea and Southeast Asia. Ferragamo says it has bought the companies’ 20 per cent share, still owned by…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
