MILAN – Competition in retail real estate is heating up. Kering said Thursday that it has acquired a storied building on luxury thoroughfare Via Montenapleone in Milan. The transaction with the building’s former owner, a subsidiary of Blackstone Property Partners Europe, was valued 1.3 billion euros. The 18th-century palazzo, one of the largest on the street...Read More
Malbon Golf is expanding its reach beyond the links with a new collaboration with Prince, the racket sports brand. The two companies have partnered on a limited-edition capsule of apparel and tennis gear inspired by the Andre Agassi era in the ‘80s and ‘90s. The palette is basically neutral with red as a pop color...Read More
PARIS – Reformation is diving back into swimwear and relaunching the category with a line made out of the bio-based fabric EVO by Fulgar. It’s the second time the brand has dipped its toe into the category. It first launched swimwear in 2019 with the regenerative nylon textile Econyl. “Our tagline at the time was,...Read More
PARIS — The European Commission has just presented its Work Program 2024, and in it there was notably no mention of the Registration, Evaluation, Authorization and Restriction of Chemicals, or REACH, a governing regulation that can impact the beauty industry. During his closing statements of the European Parliament’s plenary session on Tuesday, Maroš Šefčovič, vice...Read More
Calvin Klein has named Eva Vidal Dans as chief product officer, effective immediately. She succeeds Jacob Jordan who had been global chief merchant and product strategist since October, 2020, and left in May. Dans will report to Eva Serrano, global brand president of Calvin Klein. In this role, Dans will oversee the entire product creation...Read More
LONDON — Manju Malhotra, chief executive of Harvey Nichols, is stepping down. She was appointed to the big job at the luxury department store in January 2021, reporting to Sir Dickson Poon, the chairman and owner of Harvey Nichols since 1991 through his company Dickson Concepts. Malhotra has been part of Harvey Nichols for 25...Read More
Sephora, the LVMH Moët Hennessy Louis Vuitton-owned cosmetics retailer, is scouting for a new leader for China to spur growth and better serve well-heeled customers. According to Bloomberg sources, the management reshuffle will happen as soon as this year. The company’s managing director for Great China has been Maggie Chan since 2018. A spokesperson for...Read More
Amid the volatile macroeconomic environment, luxury customers are becoming more “deliberate and value-focused” in their spending. They’re also shifting discretionary dollars more toward wear-to-work clothes and fashion for dining out and parties, and pulling back spending on casual clothes, sneakers and handbags. That’s the read on the luxury consumer from Marc Metric, chief executive officer...Read More
G-III Apparel Group’s first-quarter profits slipped from a strong showing last year, but still beat expectations and were strong enough to prompt the Donna Karan and Karl Lagerfeld parent to boost its outlook for the year. G-III’s first-quarter net income for the quarter fell to $3.2 million from $30.6 million a year earlier, but came...Read More
Celebrating its 50th year in business this year, Patagonia still operates in line with its founding ethos, which revolves around good people, good products and a love of the wild. WWD spoke with Patagonia’s director of philosophy, Vincent Stanley (who is also founder Yvon Chouinard’s nephew), and one of the longest-running employees, about his tenure...Read More
