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Retail Asia30/11/2018

Customers draw inspiration from today’s hyperconnected world and they engage with luxury brands through the digital tools they use every day. In a fast-changing environment, the success of luxury houses depends upon their ability to offer creative propositions, and a consistent customer experience across all distribution channels and devices. In December 2017, Kering appointed Grégory Boutté as […]

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Retail Asia20/11/2018

The luxury childrenswear market is forecast to reach $6.6 billion in 2018, up by 3.8 percent year-on-year, presenting ample growth opportunities as spending power increases and parents dish out upwards of $500 for a pair of miniature Gucci loafers to match their own. Brands from Gucci and Balenciaga through to Burberry have their own multi-million dollar childrenswear lines (the latter made […]

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Retail Asia07/11/2018

Kering, which owns Gucci, Saint Laurent and Balenciaga, said it planned to buy back up to 1 percent of its share capital over a 12-month period. According to the luxury-goods group, the total amount of the share buyback agreement would not exceed €300 million (about $342 million) and the price would not exceed €480 per share. A stock buyback, […]

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Retail Asia29/10/2018

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Kering sales growth significantly outpaced its rivals during the third quarter, up 27.6 per cent as reported and 27.5 per cent on a comparable basis, to €3.402 billion. In Kering-operated stores, Asia Pacific sales rose 33.3 per cent on a comparable basis, bettered only by North America’s 36.1 per cent increase. Growth in online sales […]

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Retail Asia22/10/2018

Among the investors who snapped up shares in luxury e-commerce marketplace Farfetch after its September IPO was one buyer with little interest in operating profits or projected revenue. People for the Ethical Treatment of Animals pounced on shares in the newly public company so it could make its case directly to ban fur sales on the platform. They needn’t […]

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Retail Asia22/10/2018

Some brands have embraced digital better than others, as evidenced by their popularity online. According to a new report by Luxe Digital, the top 15 most popular luxury brands online are particularly successful at building online awareness but also at forging deep emotional connections with their audience—particularly young affluent consumers. The ranking provides a good gauge of […]

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18/10/2018

Salvatore Ferragamo has officially found its new chief executive officer. The luxury Italian brand’s CEO and general manager, Micaela Le Divelec Lemmi, will relinquish her dual title to take on the sole position of CEO in November. The general manager position will be made obsolete, as reported by the Italian press. After joining Ferragamo from […]

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Retail Asia05/10/2018

Millennials feel better about their future earnings than older consumers and spend more on luxury goods. That’s according to a survey of more than 3,000 consumers across China, Europe and the US by UBS Group AG. Eighteen to 35 year olds have contributed 85 percent to growth in the luxury market last year and will represent […]

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Retail Asia02/10/2018

South Korea’s Customs service has released an intellectual property infringement report detailing the most-seized counterfeit goods over the past four years. According to the report, South Korean officials seized more fake Louis Vuitton products than any other between June 2014 and June this year, a trend that accelerated over the period. Agents seized KRW183.1 billion […]

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Retail Asia31/07/2018

Fashion giant Kering’s decision to focus the business on luxury appears to be paying off. In what chairman and CEO Francois-Henri Pinault termed “dazzling top-line and earnings performances” during the first half year, total revenue rose 33.9 per cent on a comparable basis and operating margin rose above 30 per cent for the first time […]

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Retail Asia05/07/2018

Gucci is launching a faux-leather tattooed handbag collection with Italian artist Gabriele Pellerone, best known for his cutting-edge paintings. The fashion house will take orders for 100 handbags from next January. Customers will be able to choose from a set of designs developed by the Gucci design team with Pellerone and displayed on Gucci’s website. […]

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Retail Asia25/06/2018

What do you get when luxury fashion meets sport? $10,000 sneakers. High-end brands such as Kering’s Gucci, Prada and Balenciaga are increasingly looking to sneakers for growth, putting them in direct competition with sportswear giants like Nike, Puma PMUG.DE and Adidas, and giving rise to ever-more striking and expensive designs. Luxury groups say they are now […]

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Retail Asia11/06/2018

Gucci has its finger right on the pulse of the fashion industry, as its latest initiative, Gucci Equilibrium, solidifies its position as a sustainable, responsible as well as highly-desirable luxury fashion house. Today, on World Environment Day, the Italian fashion house launches its new online destination at Equilibrium.gucci.com, “designed to connect people, planet, and purpose,” […]

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Retail Asia26/04/2018

Kering sales rocketed 36.5 per cent in the first quarter of this year, reaching €3.108 billion (US$3.8 billion), led by Gucci’s staggering 48.7 per cent improvement. “Kering maintained its outstanding sales momentum in the first quarter,” said Kering chairman and CEO Francois-Henri Pinault. “Under its new luxury pure-player profile, the group clearly outperformed a market […]

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Retail Asia18/04/2018

Luxury Italian fashion brand Gucci is helping make cassette tapes cool again in a collaborative collection with the Waltz shop in Tokyo’s Nakameguro district. Special Waltz-inspired patches are featured on six products, including a Boston bag, shoulder bag and wallet, which are available at the cassette tape specialist. The Gucci Aoyama flagship will also start […]

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Retail Asia29/03/2018

Despite losing popularity with American teenagers and a drop in brand value of 41 per cent, Nike is still way out in front in the Brand Finance Top 50 list of the most valuable apparel brands in the world. In the list, just been release by the independent brand valuation and strategy consultancy, Nike’s main […]

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Retail Asia23/02/2018

Italian luxury house Gucci opened the doors to its renewed Korean flagship store in Cheongdam, Southern Seoul, giving fashionistas a new reason to visit the neighborhood. The three floors of the shop carry the brand’s most popular items, from bags, wallets and shoes to clothes and the newly launched “Gucci Deco” home-furnishing items. Just a few years […]

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Retail Asia15/02/2018

In a “phenomenal” result, global luxury group Kering had record operating revenue last year, driven in large part by the popularity of Gucci. Kering’s income totalled €15.4 billion (US$19 billion), up 25 per cent as reported or 27.2 per cent on a comparable basis. Revenue from luxury activities was up 27.5 per cent as reported, […]

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Retail Asia13/02/2018

Asia’s pre-owned luxury fashion market is continuing to grow, with shoes and t-shirts gaining ground, according to multichannel retailer Reebonz. Although bags continued to dominate, with an average of 77 per cent of total transactions in 2016 and 2017, both shoes and apparel achieved steep sales growth throughout the region, according to Reebonz’s now annual […]

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Retail Asia16/01/2018

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Luxury fashion brand Gucci has opened a 50-seat restaurant, Gucci Osteria, in Florence featuring triple-starred Michelin chef Massimo Bottura. This follows in the tracks of Giorgio Armani offering fine-dining restaurants at its hotels in Dubai and Milan, the Dolce & Gabbana Gold Restaurant and Dolce & Gabbana Martini Bistrot in Milan, and Ralph Lauren with […]

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