Articles by Jule Scott
Differentiation and consolidation: How LuxExperience aims to become most successful e-commerce player
LuxExperience is on track to establish itself as a leading player in global luxury e-commerce. Following Mytheresa’s acquisition of Yoox Net-a-Porter (YNAP), which was completed on April 23, the newly formed parent company is already the largest provider in terms of company size. However, the group, previously known as MYT Netherlands Parent BV,...
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Burberry's turnaround: Fewer staff, more brand myth – is that enough?
The British luxury fashion group Burberry, with its recent financial results, not only announced a significant reduction in jobs, but also provided insight into the progress of its recovery plan. With the reorientation that started last year, chief executive officer (CEO) Joshua Schulman wants to correct the consequences of a failed high-price...
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Balenciaga appoints Nathalie Raynaud as Deputy CEO
Before the highly anticipated appointment of a new creative director, Balenciaga announced a new deputy CEO. Nathalie Raynaud, previously chief product officer at the house, was appointed to the new position of deputy CEO with immediate effect, according to industry magazine Women’s Wear Daily on Tuesday. In her new role, she will report...
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Australian Fashion Week Bans fur and exotic skins
Australian Fashion Week (AFW) is banning all wildlife-derived materials, including fur, exotic animal skins, and feathers, as reported by the World Animal Protection Organisation on Tuesday. The new policy, developed by the Australian Fashion Council in collaboration with Collective Fashion Justice, comes into immediate effect, making the...
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Sales decline at Under Armour: Home market of North America weighs on results
Under Armour concluded fiscal year 2025 with a significant drop in sales. Nevertheless, the US sportswear manufacturer believes that it is well on its way to realigning its brand. “We are in the process of reigniting our brand relevance,” explained chief executive officer (CEO) Kevin Plank on Wednesday, when presenting the latest financial...
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Belstaff appoints Kerry Byrne as new Chief Executive Officer
Belstaff has a new chief executive officer. The British clothing provider appointed Kerry Byrne to the role of chief executive officer, Belstaff announced last week on the careers network LinkedIn. According to the post, the designated chief executive officer has already been in her new role since April. In her new role, Byrne will continue to...
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Frasers Group launches retail media network Elevate
British retail group Frasers Group Plc has launched a new retail media network. Dubbed Elevate, the network is based on the group’s first-party data. It is designed to help brand partners reach consumers through highly personalised advertising, Frasers announced on Tuesday. With the newly launched platform, Frasers aims to enable brands to...
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Report: Saks Global working with advisors on liquidity and financing strategies
US luxury department store chain Saks Global enlisted financial and legal consultants to secure its liquidity. As industry magazine Women's Wear Daily (WWD) reported on Monday, the company is working with financial experts from Bank of America and PJT Partners, as well as law firms Willkie Farr & Gallagher and Kirkland & Ellis. While PJT...
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Insolvency wave at gerry weber: Austrian subsidiary declared insolvent
Following insolvencies in Germany, Belgium and the Netherlands, insolvency proceedings have now also been opened for Gerry Weber in Austria. As announced on Friday by the Alpenländische Kreditorenverband (AKV), corresponding proceedings were initiated at the Commercial Court of Vienna regarding the assets of Gerry Weber Vertriebs GmbH. At the...
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Thanks to Miu Miu: Prada Group increases quarterly sales by 13 percent
Prada defied difficult market conditions in the luxury sector thanks to Miu Miu. Despite the uncertain global economic situation, the Italian fashion group Prada continued to grow in the first quarter. The company announced on Wednesday that the group generated sales of 1.34 billion euros in the period from January to March. This was 13 percent...
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