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Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak. Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation…
Salvatore Ferragamo has officially found its new chief executive officer. The luxury Italian brand’s CEO and general manager, Micaela Le Divelec Lemmi, will relinquish her dual title to take on the sole position of CEO in November. The general manager…
A New York court has confirmed an injunction against 60 unidentified holders of illegal online profiles and the transfer to Salvatore Ferragamo of about 150 domains that were infringing upon the luxury brand’s rights. The websites were selling counterfeit…
It is no secret that retailers, distributors and manufacturers need to find new ways to meet consumers’ changing expectations in the luxury and fashion markets. These changes in consumer behavior led Paolo Marai, president and CEO of the Timex Group Luxury…
Florentine luxury label Salvatore Ferragamo is busy deploying its new, revamped www.ferragamo.com website. After being first introduced in the USA and Canada, the new-look site, featuring fresh design and content, is now also available in Italy, the rest of…
Asia Pacific, particularly China, was best dressed for Italian luxury brand Salvatore Ferragamo as it foundered overall in negative territory for the nine months to the end of September. Asia Pacific was its top market, with revenues growing by 2.8 per cent…
While retail revenue rose, net profit fell 15.4 per cent for Italian luxury goods company Salvatore Ferragamo Group for its first half to the end of June. Retail revenue was up 4.7 per cent, offset by a 4.7 per cent drop in wholesale revenue because of…
Italian luxury house Salvatore Ferragamo Japan has re-opened its wholly renovated and extended Tokyo flagship store, at Chuo-dori, Ginza. Covering 600 sqm, the new store is now Salvatore Ferragamo’s largest in Japan. Extending over three floors, it carries…
India’s DLF Brands, which runs high-street fashion brands mall Emporio in Delhi, is quitting the luxury business. It has just shut down two of the seven stores of US fashion brand DKNY after parting ways earlier with such brands such as Giorgio Armani, Mango,…
Parisian fashion house BA&SH has partnered with Hong Kong retail and brand management company ImagineX Group to strengthen its presence in Asia. BA&SH has hopes of accelerating its expansion in Hong Kong, Macau, Singapore, Taiwan and China. The label opened…
The official Coach Tmall flagship shop has been abandoned. Luxury bag brand Coach Inc says it will replace its shop on Alibaba Group Holding’s business-to-consumer sales site by selling directly through its own website and on its WeChat account, the…
If there’s one clear example of “accessible luxury” making strides in China’s retail industry, it’s Furla. The Italian fashion house has been in the midst of a rapid evolution, going from being known globally as a playful, youthful handbag brand to capturing…
Italian luxury goods brand Salvatore Ferragamo is confident it can weather the impact of falling sales in China, Hong Kong and Macau. The company has admitted to slowing growth in Asia, its largest market, but says it will stick to its previous profit…
Lagardère Travel Retail has opened the first high-end luxury concession in Kunming’s Changshui International Airport in South-Western China, which the retailer says is the result of a ‘close and successful partnership’ with Yunnan Airport Group and Asiaray…
On-line luxurious trend retailer Xiu.com says it’ll use its recent $30 million capital injection to attach extra western manufacturers with internet buyers in China. Xiu.com lately raised $30 million in collection C funding, led by personal fairness firm…
