Mike Ashley's Frasers Group has launched a €1.98bn takeover offer for German fashion brand Hugo Boss, aiming to acquire the remaining 74% of the company it doesn't already own. The bid, at €38 per share, follows years of speculation and aims to integrate Hugo Boss into Frasers' portfolio.
German online retailer Mytheresa has successfully integrated luxury fashion brands like Gucci, Prada, Versace, Saint Laurent, and Cartier, becoming one of the world's largest online luxury fashion shops.
Burberry reports a return to full-year profits with £49m pre-tax, driven by strong US and China sales, aided by the success of its £2,000 Cotswolds handbag line, popular among wealthy Americans.
French luxury fashion house Louis Vuitton claimed the Portuguese company’s logo copied its famous initials, but a court ruled in favour of the small family-run brand.
Ex-Mattel boss behind Barbiemania pivots retailer towards more premium fashion after reopening UK storesFrom the 80s through to the early noughties it was the go-to high street store for casual hoodies and jeans, before falling out of favour. Now almost 30 years after its heyday, Gap is hoping to turn things around. Key to its comeback strategy? A pivot to more premium fashion.On Thursday the retailer will unveil a collection with the luxury fashion designer Victoria Beckham. The collaboration is the next step in the luxification of Gap being led by Richard Dickson, who joined Gap Inc as its president and chief executive from Mattel, the US toymaker, in 2023. Continue reading...
Stefano Gabbana has stepped down as chairman of Dolce & Gabbana, a role he held since January. He will continue as the brand's creative leader, with Alfonso Dolce taking over as chairman. The move comes as the luxury sector faces a slowdown.
