Michael Kors revenues dropped by more than 67 percent. Image credit: Michael Kors
Luxury Daily’s live news for Aug. 5:
Capri Holdings revenues tumble more than 65pc as uncertainty continues
Fashion group Capri Holdings saw its revenues fall 66.5 percent in the first quarter of fiscal 2021, joining a growing number of luxury groups that have seen significant losses due to the ongoing COVID-19 pandemic.
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Chaumet balances refinement, whimsy in Bee My Love campaign
French jeweler Chaumet has tapped South Korean actress Song Hye Kyo for the Maison’s newest Bee My Love campaign.
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Hennessy celebrates cognac anniversary with special tastings
LVMH-owned cognac house Hennessy is celebrating the 150th anniversary of one its most enduring spirits with a unique tasting experience and exhibition.
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La Perla launches new collection with influencers’ help
Italian lingerie label La Perla is encouraging women to appreciate everyday luxuries with the launch of its first washable silk collection.
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Affluents expect to purchase new homes, with new motivations after COVID
One in four people believe they are more likely to move in the next 12 months as a result of the coronavirus pandemic and continued fallout, according to a new survey from Knight Frank.
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Video commerce offers brands new channels to sell to consumers
As consumers are spending more time in digital environments and less time in physical stores, many companies are experimenting with new forms of digital commerce through video.
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