Zegna Revenues Rise 7.4%
The Italian luxury group’s first-quarter performance surpassed market expectations powered by solid growth in direct-to-consumer sales in the US.

Executives from Burberry, Etro, 10 Corso Como and Stone Island joined founders and creative leaders at an intimate Luxury Leaders Salon at The Lake Como Edition hotel, in Northern Italy.

Executives from Burberry, Etro, 10 Corso Como and Stone Island joined founders and creative leaders at an intimate Luxury Leaders Salon at The Lake Como Edition hotel, in Northern Italy.

Most of the big labels will have some sort of activation at the Milan furnishings and design fair, regardless of whether they actually sell homewares.

Most of the big labels will have some sort of activation at the Milan furnishings and design fair, regardless of whether they actually sell homewares.

From handbag spotting to hyperscalers, Imran Amed reports from Semafor World Economy on the two subjects consuming the world's most powerful CEOs and policy leaders — and what they mean for fashion.

From handbag spotting to hyperscalers, Imran Amed reports from Semafor World Economy on the two subjects consuming the world's most powerful CEOs and policy leaders — and what they mean for fashion.

A set of underwhelming first-quarter revenues from French luxury groups LVMH, Kering and Hermès is challenging hopes for a sector recovery this year.

A set of underwhelming first-quarter revenues from French luxury groups LVMH, Kering and Hermès is challenging hopes for a sector recovery this year.

CEO Luca de Meo outlined manufacturing synergies, threw cold water on the group’s Valentino acquisition and shared some stealthy forecasts for Gucci’s growth as part of a sweeping strategy overhaul. Will it work?

CEO Luca de Meo outlined manufacturing synergies, threw cold water on the group’s Valentino acquisition and shared some stealthy forecasts for Gucci’s growth as part of a sweeping strategy overhaul. Will it work?

The French conglomerate is reorganising key functions as part of a strategic overhaul unveiled by new CEO Luca de Meo in Florence Thursday.

The French conglomerate is reorganising key functions as part of a strategic overhaul unveiled by new CEO Luca de Meo in Florence Thursday.

The French leather goods powerhouse is losing momentum and may soon face its own ‘Capucine moment,’ writes Luca Solca, drawing a comparison with Louis Vuitton in the early 2010s.

The French leather goods powerhouse is losing momentum and may soon face its own ‘Capucine moment,’ writes Luca Solca, drawing a comparison with Louis Vuitton in the early 2010s.

The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.

The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.

In his latest briefing, watches expert Robin Swithinbank takes the temperature as the Swiss watchmaking industry kicks off Geneva Watch Week. Audemars Piguet’s return, heavyweight no-shows, the mood amongst CEOs and more.

In his latest briefing, watches expert Robin Swithinbank takes the temperature as the Swiss watchmaking industry kicks off Geneva Watch Week. Audemars Piguet’s return, heavyweight no-shows, the mood amongst CEOs and more.

The very strategy the Italian luxury house used to maintain its fiercely guarded independence — funding expansion through debt instead of selling equity — is putting pressure on the company as it attempts to navigate a punishing sector-wide slowdown.

The very strategy the Italian luxury house used to maintain its fiercely guarded independence — funding expansion through debt instead of selling equity — is putting pressure on the company as it attempts to navigate a punishing sector-wide slowdown.

Revenue at Kering’s flagship brand fell 8 percent in the first quarter, missing analyst expectations, despite creative and management overhauls.

Revenue at Kering’s flagship brand fell 8 percent in the first quarter, missing analyst expectations, despite creative and management overhauls.

Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.

Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.
The Italian luxury group’s first-quarter performance surpassed market expectations powered by solid growth in direct-to-consumer sales in the US.
Jean-Christophe Babin, the head of LVMH’s watch division, said he’s ready for a phased retirement.
The Italian group reported a 2.8% drop in revenue in its first full-year results since the death of founder Giorgio Armani.
The annual Sozzani Award will recognise budding creatives across photography, fashion and artisan craft. The winner of the inaugural edition will be announced during Milan Fashion Week in September.
The Italian cashmere maker said its board adopted a ‘strengthened trade compliance procedure’ in December, after commissioning a risk assessment and gap analysis by an external law firm.
The company also won court approval for a financing package to raise as much as $500 million from investors.
Luxury’s mid and long-term prospects remain intact, but short-term recovery hinges on outcome of conflict in the Middle East, LVMH’s chairman said at the company’s annual meeting.
First-quarter revenue reached $8.36 billion, roughly in line with analysts’ estimates.