Sarah Burton Leaves Alexander McQueen
Creative director Sarah Burton of the Kering-owned fashion house Alexander McQueen has announced her departure from the brand following the Spring/Summer 2024 show in Paris.
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eBay Launches Luxury Consignment Service
eBay is strengthening its participation in the luxury resale market by offering its shoppers a consignment service for luxury goods, connecting users with experienced sellers who will list and distribute the products on their behalf, as part of a simple and streamlined process.
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Ermenegildo Zegna Reports Strong Growth for First Half
In keeping with its guidance from July, Zegna Group, which also owns Tom Ford and Thom Browne, and went public in December 2021, announced that it recorded a 45% jump in operating profit to €119.9 million, as well as an almost doubled net profit margin at 5.8% to profit of €52.1 million for the first six months of 2023, compared to the same period in 2022.
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Mytheresa Benefits From Strong US Sales and Top Spending Customers
Due to resilience and great momentum in the US market, as well as growth in the pool of HNWI and UHNWI (high net-worth and ultra-high net worth individuals), Mytheresa’s revenue grew by 11.4% for the full year to €768.6 million, with adjusted EBITDA up 40.3%.
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Puig Plans for IPO
Puig recently hired investment banks Goldman Sachs and JP Morgan as advisors for a possible Initial Public Offering (IPO).
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