Sales at Compagnie Financière Richemont SA, for the year ended March 31, 2019, increased by 27 percent to 13.99 billion euros (15.63 billion dollars) at actual and constant exchange rates. The company said, excluding YNAP and Watchfinder, sales for the year rose by 8 percent at constant exchange rates, […]

LVMH-owned luxury marketplace 24 Sèvres has renamed itself 24S to capitalize on the strong international growth it’s been seeing in recent times. Additionally, its website, now redirected to, will soon be available in more languages thanks to new staff members hired in New York, Miami and Hong […]

The Lycra Company is opening a new research and development laboratory in Nanhai, China, today. Named ‘Advanced Textile Innovation Center’ (ATIC), it is the company’s fourth facility of this kind. The goal is to integrate science with apparel market research in order to help Asian mills, brands and […]

A proposal to ban the sale of fur in New York has pitted animal rights advocates against an unexpected alliance of local industry figures and minority groups who say wearing fur is an important cultural marker. Separated by police, hundreds of protesters on both sides of the debate squared off outside […]

Announcing preliminary results for the 52 weeks ended March 30, 2019, Burberry Group Plc said, revenue excluding beauty wholesale increased by 2 percent CER and 2 percent reported to 2,720 million pounds (3,492 million dollars). Total revenue of 2,720 million pounds was down 1 percent CER and flat reported. […]

On 2nd April, the court of Milan granted ailing Italian luxury fashion brand Roberto Cavalli SPA creditor protection (“Pre Concordato” status) with up to 120 days to present a turnaround plan. At the end of March, The Art Fashion Corp, the business that operates Cavalli's North American operations, […]

Forty-five tech giants committed Wednesday to doubling the number of women on their management boards to 30 percent by 2022, the French presidency said. Alibaba, BNP Paribas,, IBM, L'Oreal and Uber were some of the high-profile companies to sign a pledge at the second "Tech for good" summit […]

New York – New data from Juniper Research found the global number of successful retail chatbot interactions will reach 22 billion by 2023, up from an estimated 2.6 billion in 2019. Retail sales resulting from chatbot-based interactions will reach 112 billion dollars by 2023. According to Juniper’s new […]

Chinese e-commerce leader Alibaba on Wednesday announced revenue for the latest quarter that beat analyst estimates, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line. Revenue for the January-March period rose 51 percent year on year to […]

New York – The swimwear and beachwear niche is thriving, with new research forecasting this market’s share revenue to surge to 7,586 million dollars by 2025. The latest report by Zion Market Research on swimwear a beachwear market, ‘Europe Industry Perspective, Comprehensive Analysis, and Forecast, […]

Related news