At a shareholders’ meeting held yesterday, Italian luxury house Brunello Cucinelli S.p.A., decided to allocate the net profit of 52,124,968 euros. The company said in a statement that an amount of 20,400,000 euros, attributing to 0.30 euros per share as a dividend, corresponds to a pay-out ratio of […]

Online fashion retailer Bluefly is available for purchase. Advisory firm Hilco Streambank is seeking offers to purchase business assets supporting, now through May 6, 2019. An auction will be held two days later. Originally launched in 1998, Bluefly hails itself as "the original fashion […]

According to a new report from Certilogo, access to a quick and simple confirmation that a product is authentic will soon be the new normal in luxury thanks to LVMH and blockchain technology. The report, "Making Blockchain Real: LVMH and the Future of Authentic Luxury", explores the cultural and commercial […]

SMCP, the parent company of Sandro, Maje and Claudie Pierlot, has reported a 7.2 percent increase of consolidated sales at constant currency to 274.6 million euros for the first quarter of 2019, buoyed by strong results in the Asia-Pacific region. Sales in France were down by 3.9 percent to 96 million […]

The owner of Kurt Geiger is reportedly considering selling the designer footwear and accessories brand for 450 million pounds. According to the Telegraph, City sources have said private equity firm and Kurt Geiger owner, Cinven, has been having informal “fireside chats” with potential buyers in America, […]

Safilo Group has entered into a joint venture agreement in South Korea with Parma International, an experienced local player active in the eyewear and sporting goods sectors, which Safilo said, will favour the development of new distribution channels in the market together with marketing and digital […]

ANALYSIS New York – Japanese online fashion retailer Zozo Inc. said it expects its profit to recover in the current fiscal year, after booking its first-ever annual earnings fall. The earnings report left the industry debating the finances of the company running Zozotown online mall. To date, Zozo has […]

Six years ago, on 24th April 2013, 1,138 garment workers in Bangladesh lost their lives, ultimately because of an industry that placed deadlines and profits before human lives. Rana Plaza, the building that housed five garment factories among other establishments, had not evacuated those who toiled […]

INTERVIEWYou don’t necessarily need a fashion degree or previous fashion experience to start a fashion label as bachelor degrees are no longer a guarantee of success in the industry: self-taught talents can go just as far, if not further. Just look at Virgil Abloh, a graduated architect who currently […]

INTERVIEW Stockholm - H&M was founded over 70 years ago in Sweden by Erling Persson, the grandfather of current CEO Karl-Johan Persson. Since then, the company has become one of the biggest fashion businesses in the world, with stores in more than 70 countries and a portfolio of brands including Cos, […]

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