Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170 million and will focus on the biggest market the United States, where diamond demand is holding firm.
Having unveiled its first physical store outside of Europe in NYC earlier this month, the cult Scandi brand has completed its much-anticipated bicoastal U.S. brick-and-mortar debut with the opening of a location in LA.
The brands have unveiled an exclusive partnership for Prada’s revived sportswear-inspired line Linea Rossa, with Farfetch becoming the only multi-brand digital platform to have the right to sell the FW 2019 collection.
Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
Sustainability may be increasingly figuring in consumers' buying decisions, but some executives in the fashion retail industry are worried that the process of ‘eco-shaming’ could have negative consequences.
The department store group’s overseas business is set to reach a 25% share of revenue in 2025, chiefly through China, where the group plans to open eight new branches in addition to the recently inaugurated Shanghai one.