Luxury brand Coach Inc said it had applied to delist from the Hong Kong stock exchange, dealing another blow to the financial hub, a day after commodities trader and miner Glencore said it planned to withdraw its listing from the city.
Australia’s biggest department store chain, Myer Holdings Ltd, cut its growth targets on Wednesday as it battles intensifying competition and a rebellion from its biggest shareholder, sending its shares sharply down.
Luxury handbag brand Longchamp has posted a sales surge in the UK, saying its performance in 2016 was “good despite the economic crisis and increased competition”. Revenue increased by 70% to £15 million.
Tuesday’s announcement that Christopher Bailey will depart Burberry has already ignited intense speculation about his successor. Within minutes after the news broke, a firm favorite was already installed – Phoebe Philo.
Hermes , the French label known for its $10,000 (7,572.89 pounds) - plus Birkin and Kelly bags, plans to add two leather goods workshops in France by 2020 to meet a recovery in demand for luxury goods.
A film pre-released in Amsterdam and Milan has given voice to the creative team of Maison Martin Margiela, shedding light on the visionary designer who remains one of the fashion world's most enigmatic figures.