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EssilorLuxottica says too early to reinstate guidance as sales halve in second quarter

EssilorLuxottica says too early to reinstate guidance as sales halve in second quarter

Oakley and Ray-Ban maker EssilorLuxottica's second-quarter revenue almost halved due to store closures to curb the spread of the coronavirus, it said on Friday, sending operating profit tumbling by more than 90%.
Fashion
Britain's Selfridges to axe jobs on virus retail storm

Britain's Selfridges to axe jobs on virus retail storm

British department store group Selfridges warned Tuesday that it plans to axe 450 jobs after sales slumped due to the coronavirus and the aftermath of the nationwide lockdown.
Fashion
Christian Dior finds magic and roots in its cruise collection, but in Puglia not Paris

Christian Dior finds magic and roots in its cruise collection, but in Puglia not Paris

Dior unveiled a magically infused cruise collection on Wednesday night in the main square of Lecce in Puglia, the home region of the father of the house’s couturier Maria Grazia Chiuri. 
Fashion
EssiLux sues M&A target GrandVision to get Covid information

EssiLux sues M&A target GrandVision to get Covid information

EssilorLuxottica has filed a legal action to obtain information from its acquisition target GrandVision about its management of the coronavirus crisis, the French-Italian maker of Ray-Ban said on Saturday.
Fashion
Inspecs grows manufacturing capacity with new acquisition

Inspecs grows manufacturing capacity with new acquisition

The Bath-based eyewear company has acquired the manufacturing operations of a lens business as it continues its push for vertical integration.
Fashion
Pamela Tulizo wins Dior Photography and Visual Arts Award for Young Talent

Pamela Tulizo wins Dior Photography and Visual Arts Award for Young Talent

Pamela Tulizo has won the Dior Photography and Visual Arts Award for Young Talent, the third edition of the prestigious prize which is held in conjunction with Luma Arles.
Fashion
Sales of holiday clothing rise as lockdown eases

Sales of holiday clothing rise as lockdown eases

Demand for get-away-from-it-all fashion is rising with dresses and tie-dye bikinis especially popular, the latest Retail Recovery Report from discount aggregator site LovetheSales said on Tuesday.
Fashion
Moncler signs sustainability-linked credit line, renews eyewear deal with Marcolin

Moncler signs sustainability-linked credit line, renews eyewear deal with Marcolin

Intesa Sanpaolo has provided Moncler with a financing credit line for a maximum of 400 million euros linked to its sustainability objectives. The quilted jacket brand has also renewed its eyewear license with Marcolin. 
Fashion
Schiaparelli and Naomi kick off Paris's first digital couture season

Schiaparelli and Naomi kick off Paris's first digital couture season

Schiaparelli kicked off first the ever fully digital Paris haute couture season on Monday with a film which concentrated on its couturier, Daniel Roseberry, since he was marooned in New York throughout the lockdown.
Fashion
Rimowa diversifies into eyewear

Rimowa diversifies into eyewear

LVMH-owned Rimowa is launching a sunglasses line produced and distributed by Thélios, the joint venture between the luxury giant and eyewear manufacturer Marcolin, which is soon set to unveil Dior’s new eyewear line.
Fashion
Sunglass Hut shop-in-shops to launch at Hudson stores

Sunglass Hut shop-in-shops to launch at Hudson stores

Luxottica Group announced on Wednesday a partnership with Hudson stores to open 250 Sunglass Hut shop-in-shops. 
Fashion
London Fashion Week Digital: A Sunday between post-apocalypse and innocence

London Fashion Week Digital: A Sunday between post-apocalypse and innocence

Few videos better summed up the mood of London Fashion Week’s debut digital online season this weekend than designer Matthew Miller’s contribution's name - Post Apocalyptic Merchandise. 
Fashion
Philipp Plein hopes to end Ferrari lawsuit with 220,000 euros donation to Gianna Floyd Foundation

Philipp Plein hopes to end Ferrari lawsuit with 220,000 euros donation to Gianna Floyd Foundation

Philipp Plein has announced plans to donate 220,000 euros to the Gianna Floyd Foundation, in an attempt to end a copyright infringement suit with Ferrari, stemming from a copyright case from August 2019.
Fashion
Rosario Toscano on launching Balmain eyewear in an industry in huge flux

Rosario Toscano on launching Balmain eyewear in an industry in huge flux

Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
Fashion
EssilorLuxottica set to get EU warning about Dutch deal: sources

EssilorLuxottica set to get EU warning about Dutch deal: sources

EU regulators are set to warn EssilorLuxottica that its 7.2 billion euro bid for opticians group GrandVision may harm competition, people familiar with the matter said, pressuring the group to offer concessions.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Fashion