Vince swings to profit loss on sales decline

Vince Holdings announced on Tuesday sales fell 2.1% to $57.9 million, resulting in the U.S. luxury fashion brand swinging to a profit loss for the three months. Vince The New York-based company said sales for the quarter ending May 3 were hurt by declining retail store channel sales in the direct-to-consumer segment, as a result of store…

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Max Mara: North meets south in cruise 2026 show

Max Mara served up what designer Ian Griffiths termed “pragmatic feminism” in a splendidly elegant show Tuesday night inside the Versailles of Italy, bringing to a close this year’s season of major cruise collections. Max Mara cruise 2026 collection in Naples – FashionNetwork.com Juxtapositions ran throughout the collection and clothes. Inspired by the impoverished heroines…

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Dôen secures Series A funding from Silas Capital

California-based clothing label Dôen announced on Tuesday the closing of a Series A funding round, led by growth equity firm Silas Capital. Dôen secures Series A funding from Silas Capital – Dôen The new funding is expected to support the brand’s continued retail expansion, the implementation of new operational systems, and enhanced marketing efforts aimed…

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Luxury spending sentiment drops to lowest level since 2023: Saks Luxury Pulse survey

Luxury consumers are growing increasingly cautious with their spending, according to the latest Saks Luxury Pulse survey.  Luxury spending sentiment drops to lowest level since 2023: Saks Luxury Pulse survey – Saks Fifth Avenue The quarterly survey found a notable decline in optimism among high-end shoppers, with just 28% of respondents expressing confidence in the…

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