luxury fashion
Stories tagged luxury fashion.
Lanvin Group H1 Revenue Falls 13% as Turnaround Measures Take Hold
Shanghai-headquartered Lanvin Group reported a 13% year-on-year decline in first-half revenue to €101 million, even as the company cited improving momentum and expanded gross margins.
Dolce & Gabbana secures bank waiver as revenues dip 2%, debt rises
Dolce & Gabbana reported a 2% revenue decline to €1.86 billion for the fiscal year ended March 31 and secured a bank waiver after breaching loan covenants.
Footballers Turn Man Bags Into Luxury Must-Haves
Elite footballers like Erling Haaland and Jude Bellingham are driving demand for high-end man bags, including $50,000 Hermès designs, helping revitalize the luxury sector.
Italian Police Probe Nine Luxury Brands Over Subcontractor Labour Practices
Italian authorities have launched a second wave of labour investigations, visiting the headquarters of nine luxury fashion houses to demand documents on supply-chain controls amid allegations of worker exploitation at subcontractors.
Valentino to Sell €450M in Bonds to Refinance Bank Debt
Maison Valentino has approved a €450 million senior secured bond sale to repay bank debt and fund investment and working capital, with shareholders Kering and Mayhoola backing the issue with a potential €250 million equity injection.
Ermanno Scervino opens six new stores in luxury destinations
Italian luxury brand Ermanno Scervino has opened six new stores in key international markets, including Saint-Tropez, Los Angeles, Beijing, Capri, Taormina and Prague, as part of its retail expansion strategy.
Valentino revenues plummet 15% in 2025, swinging to operating loss
Maison Valentino reported a 15% drop in 2025 revenues to €1.12 billion, turning an operating profit of €31 million in 2024 into a loss of €103 million, as sales declined across all regions.
AI Virtual Try-On Boosts Luxury Conversion Rates by Up to 10x, DressX Report Finds
Shoppers using AI-powered virtual try-on are 50% more likely to make a purchase, with luxury conversion rates rising as much as tenfold, according to new data from DressX.