Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.

The Italian fashion group, owner of Alberta Ferretti, Moschino and Pollini, closed H1 2022 with a gross operating margin (EBITDA) of €20.9 million and a net profit of €2.9 million, down from €13.3 million in 2021.

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.

A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.

Luxury consignment retailer The RealReal announced on Wednesday a partnership with Beckett Collectibles to offer comic book and trading card grading services.

After recently acquiring Byredo, the Spanish group has once again reached for its wallet and acquired a majority stake in the natural cosmetics firm founded by Johana Sanint, who will remain at the helm of the brand.

Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.

Fast-growing luxury retailer Watches of Switzerland is ensuring its existing store portfolio maintains its prestige status. So its flagship showroom on London’s Regent Street has undergone a major refurbishment.

The Japanese group recently bought the Parisian luxury label, and intends to accelerate its expansion across Asia, especially in China and Korea, while maintaining its links with Paris to capitalise on its brand image.

Online fashion resale platform Vestiaire Collective said on Wednesday it is expanding into South Korea, choosing the fast-growing luxury market as a springboard for a deeper push into Asia.

The world's top luxury group LVMH said Tuesday that sales and profits jumped in the first half of the year despite the uncertain economic environment.

Luxury leather goods brand Longchamp is revamping its Italian stores, starting with the ones in Galleria Vittorio Emanuele II in Milan, and Calle Larga XXII Marzo in Venice.

Xcel Brands announced on Thursday the appointment of Ken Downing to the role of creative director of luxury fashion brand Halston, effective August 1. 

Resale platform Rebag announced on Wednesday its expansion into shoes and apparel growing its offering to include all luxury accessories for both men and women. 

Capri Holdings announced on Wednesday the American luxury company is eyeing $8 billion in future revenues, representing a 40% uptick on fiscal 2022.