The luxury watch brand Rolex has closed its production sites in Switzerland in Geneva, Biel and Crissier until Friday March 27 to protect employees and their families from the coronavirus pandemic. Rolex has 6,000 employees in Switzerland...
Read moreMilano Unica is confident in recovery from the cover 19 crisis and confirms the scheduled dates of 7, 8 and 9 July 2020. This was announced by a letter from the president of the event, Alessandro Barberis Canonico, to the exhibitors. The decision...
Read moreAccording to Camera Buyer Italia, Coronavirus with all its implications could lead to a 26-40% drop in sales in the year. As told by Francesco Tombolini, president of the trade association created with the aim of grouping and protecting the best...
Read moreIn line with official government guidelines, Adidas has announced plans to postpone its annual general meeting until further notice. The event was scheduled to take place on 14 May in Bavaria, Germany. Adidas said the health and safety of its...
Read moreFrom luxury to masks, and from cosmetics to disinfectant gel. With the coronavirus emergency, factories that have reconverted their production to meet the growing demand for personal protective equipment are growing sharply, in solidarity with...
Read moreClaudio Marenzi, president of Confindustria Moda and CEO of his outerwear brand Herno, still hopes that the summer edition of Pitti Uomo in June will not be canceled or postponed. In an interview for Fashion network Marenzi explains that...
Read moreFrench luxury specialist LVMH, who announced last year its intention to acquire Tiffany & Co for $ 16.2 billion (€ 15.09 billion), would be considering to buy shares of the American jeweler at a lower cost directly on stock exchange markets...
Read moreAccording to a study by UBS, a Swiss financial services company, the fast fashion giants like H&M and Inditex could be more vulnerable than others in terms of negative impact of Covid 19. The analysis considers the impact of China on sales...
Read moreThe merger by incorporation between Spactiv S.p.A. and Betty Blue S.p.A. (Elisabetta Franchi brand), has been stopped. Spactiv announced that the deadline for withdrawal due to its shareholders who have not yet approved Betty Blue’s...
Read morePrada, the fashion house led by Patrizio Bertelli and Miuccia Prada, illustrates the data for 2019, closed with revenues of 3.226 billion euros, up 3%. The net profit of the group, which includes the brands Prada, Miu Miu, Church’s and Car...
Read moreUnexpected earnings for Guess in the fourth quarter of 2019. The Los Angeles-based company announced earnings of $ 79.6 million. Growth was driven by a 13.2% increase in European revenue, which offset the 27.7% drop in Asia. American retail and...
Read moreCoronavirus leaves no way out for luxury brands and, in this case, also for Burberry. The British brand has infact announced that, in the past six weeks, sales in its stores have decreased between 40 and 50 percent. If in February the business...
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