LONDON (Reuters) -Britain's competition regulator will investigate whether fashion brands ASOS, Boohoo and George at Asda are misleading shoppers with their environmental claims as it scrutinises retailers for evidence of "greenwashing".
A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.
Sales at Italian luxury group Moncler rose 46% at constant exchange rates in the first half of the year, once again beating analysts estimates, despite a slowdown in the second quarter due to lockdowns in China.
PARIS (Reuters) -Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.
Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market.
Sales at Italian luxury group Moncler rose 46% at constant exchange rates in the first half of the year, once again beating analysts estimates, despite a slowdown in the second quarter due to lockdowns in China.
(Corrects first paragraph to say robust growth in U.S. and Europe, not U.S. and China)
Luxury goods group LVMH is optimistic about high-end spending in the United States but it struck a cautious note on the pace of recovery in the key Chinese market.
Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from COVID-19 restrictions.
Italian fashion house Valentino will open its first mono-brand stores in India after signing a distribution agreement with the country's biggest retailer Reliance, the companies said in a joint statement on Thursday.