By Reuters Published July 18, 2025 The head of Qatar-backed investment fund Mayhoola denied a recent Corriere della Sera report on Friday that claimed the fund and Gucci-owner Kering were considering selling their jointly owned fashion house, Valentino. This story had sparked fresh speculation following earlier reports. Mayhoola rejects Valentino-Kering divestment rumors – Bloomberg “This…
By Reuters Published July 18, 2025 Qatar-based investment fund Mayhoola and Gucci-owner Kering are reportedly considering selling their jointly owned fashion house Valentino, according to an Italian daily. Kering and Mayhoola may sell Valentino, reports Italian daily – Reuters The decision is part of a broader portfolio review by Kering, as the French luxury group…
Anyone looking for a radically new and different trend direction might have been disappointed with the latest edition of Scoop this week. But anyone seeking a strong, quality product offer with which they could just about fill their entire store for SS26 would have come away happy. The overall story was, as always with this…
By Bloomberg Published July 17, 2025 Swatch Group AG reported another six months of declining sales and profit, as weak demand for luxury timepieces in China continues to weigh on performance. Swatch faces pressure from China slump and trade tensions – Swatch The Swiss watchmaking conglomerate — whose brands include Omega, Blancpain and jeweler Harry…
As Britain’s most prominent luxury label, Burberry’s results re always closely watched, but even more so since it started struggling and issuing profit warnings. And on Friday its Q1 figures were in the spotlight. DR So how did it do in the 13 weeks to late June? It’s not back in top form, although there…
By Bloomberg Published July 17, 2025 Rosp Corunna, the family office of Inditex SA heiress Sandra Ortega, posted a 71% profit surge in 2024, reflecting strong returns tied to Ortega’s share in the world’s largest listed fashion retailer and strategic expansion into European real estate. Zara heiress Sandra Ortega grows assets to €10.1 billion –…
Translated by Nazia BIBI KEENOO Published July 17, 2025 Mango kicked off 2025 on a strong note, reporting €1.73 billion ($2.01 billion) in turnover for the first half of the year—a 12% increase from the same period in 2024, and 14% growth at constant exchange rates. The Catalan fashion brand attributes the boost to a strong…
Simone Bellotti has debuted his creative tenure at Jil Sander not with a frock, but rather rock, unveiling an electronic music video and accompanying vinyl LP that riffs on the brand’s north German roots. Port cranes in Hamburg, Germany, where Jil Sander was founded in 1968 – Courtesy Shot in Hamburg, where Frau Sander founded…
It looks like a mash-up made in heaven. Lifestyle brand Smiley has secured a big gaming gig, co-producing a lifestyle collection with major entertainment and esports brand G2. It’s big because G2’s competitive gaming platform claims over 40 million fans worldwide. Launching today (17 July), the limited-edition drop is described as “a collision of competitive…
Industrial thread and global footwear component manufacturer Coats Group has completed a capital raise to the tune of around £246 million that will go to part-funding a just-announced major acquisition. Coats has just bought US insole maker OrthoLite Holdings for $770 million (£575 million), “aiming to accelerate its growth strategy in the footwear industry”. The…
