Tiffany & Co’s sales in the United States and Hong Kong took a hit in the latest quarter as Chinese tourists spent less than expected, sending the jewelry maker’s shares down nearly 8 percent on Wednesday.
Geox, the techy Italian footwear giant, and Dragon, the Formula E team owned by media investor Jay Penske, have signed a strategic long-term agreement that will result in the race car changing its name.
Buccellati, one of Italy’s last high-end independent jewelers, is actively seeking a buyer after its new Chinese owners pulled the plug on a 200-million-euro expansion plan, sources told FashionNetwork.com.
Donatella Versace has created the tiaras for the debutantes at next year’s Vienna Opera Ball, using Swarovski crystals to dramatic effect. All debutantes will wear the tiaras when making their debut on February 28, 2019.
London newspaper the Evening Standard has launched a new digital platform targeting high net worth individuals in the UK and North America and offering “quality lifestyle content" plus shoppable links.
Andrea Panconesi, owner of LuisaViaRoma, the famed boutique in Florence, opens his first ever pop up in Manhattan on Friday. So, we met Andrea for his take on etailing, family businesses and not selling out to any fund.
Luxury brands will increasingly have to court Chinese shoppers on their home turf, as purchases soar among a clientele who are forecast to generate nearly half the industry’s sales by 2025, a study showed on Thursday.
A pearl and diamond pendant owned by Marie Antoinette before she was beheaded during the French Revolution sold for $36 million at an auction on Wednesday, shattering its pre-sale estimate of up to $2 million.