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As luxury shoppers move increasingly towards shopping DTC and bricks and mortar, Drapers asks luxury fashion veterans, recruiters and analysts: has the luxury ecommerce bubble burst?
Shares in UK fashion group fall following weak Christmas sales.
Burberry has slashed its earnings expectations for fiscal 2024, and the markets are bracing for more reports of a slowdown in demand for luxury goods.
MILAN — Italian luxury fashion house Gucci opens Men’s Fashion Week in Milan on Friday with the much anticipated first men’s collection by new artistic director Sabato De Sarno.The autumn/winter 2024-25 programme, which runs until Tuesday, also marks the return of Fendi, which chose last June to present its men’s collection in its new leather workshops near Florence.De Sarno,
The British fashion house said a global slowdown in the luxury goods market had led to slower than expected sales in the key holiday period.