The group saw growth across all three of its brands. Image credit: Capri Holdings
Luxury Daily’s live news for Aug. 9:
Capri exceeds expectations with Q1 earnings
Luxury fashion group Capri Holdings is seeing better-than-expected performance across its three brands, Versace, Jimmy Choo and Michael Kors, posting revenue growth of 8.5 percent year-over-year.
Stella McCartney launches $200M fund for sustainable business
British fashion house Stella McCartney is partnering with Collaborative Fund to invest $200 million in environmentally sustainable businesses, founders and solutions.
Signet acquires Blue Nile in diamond expansion
Jewelry retailer Signet Jewelers is expanding its hand in the diamond industry with the acquisition of online jewelry retailer Blue Nile for $360 million.
Japanese designer Issey Miyake dies at 84
Renowned Japanese fashion designer Issey Miyake, who was best known for his avant-garde designs and recognizable pleated style, lost his battle with cancer on Aug. 5, 2022.
Vista sees record sales as membership grows 43pc
Private aviation group Vista Global Holding is reporting record sales for the first six months of 2022 driven by a 43 percent increase in membership despite ongoing global economic challenges.