THE END OF LUXURY? GUCCI SLOWDOWN SOUNDS ALARMS (Second column, 1st story, link) Related stories:Retailers Turn to 'Extreme Bargains' to Lure Shoppers Drudge Report Feed needs your support! Become a Patron
Italian fashion designer Alessandro Michele has been named the new creative director of Valentino after Pierpaolo Piccioli left the role last week.
A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.
Like-for-like sales at luxury goods group down by 10% in first quarter, weighed by nearly 20% fall at GucciThe French billionaire François-Henri Pinault’s luxury goods company, Kering, has issued a profit warning as demand dries up for its leading brand Gucci in China.Unlike its rivals in the sector, which have fared better, the Paris-based company said like-for-like sales in the first quarter would drop by 10% year on year, while sales at Gucci were expected to fall by nearly 20%. Continue...
Saudi Arabia and luxury goods giant Kering are reportedly eyeing up a stake in Selfridges as the department store chain's co-owner faces insolvency.
Still no Drake, though.
Burglars fled with a haul of items including Gucci handbags after raiding a Kettering warehouse. Police believe a lorry was used to transport the stolen goods after the incident last week on the North Kettering Business Park. Brand Alley’s warehouse was broken into at some point between 11pm on Wednesday, March 13, and 6am the following morning. Those behind the crime stole a large quantity of items including Roberts digital radios, Stewart Weizman women’s boots, Elemis products, Gucci and...
SERIES MANIA: The Italian arm of film studio Gaumont is partnering with Giorgio Gucci’s Alcor Film to develop a scripted “family saga” about the rise of the eponymous fashion label, starting with founder Guccio Gucci.
French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.
A Los Angeles smash-and-grab theft crew targeting Prada, Versace, Gucci and other high-end stores across California have been arrested by an LAPD task force and charged with 27 felonies, the state's attorney general announced Tuesday. Atty. Gen. Rob Bonta said the trio is accused of stealing more than $300,000 worth of merchandise in Newport Beach, Costa Mesa, Los Angeles, the Bay Area and San Diego. Bonta said the ringleader of the crew faces up to 35 years in prison if convicted of all the...
Disgraced Stephen Bear donned a pair of £16.50 Asos backless mule loafers made from fake leather. The real black calf leather ones from Gucci cost £815.
The iconic singer, 76, who regularly wore the brand and his fashion designer friend design the wardrobe for his farewell tour, has since ventured to Versace in solidarity with his friend.