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Nov. 19, 2024
  1. Christofle spotlights two centuries of innovation at Paris' Musée des Arts Décoratifs
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  3. Luxury brands losing ground with younger audiences: Bain
  4. ‘Shifting consumer mindsets are set to enable longer-term premiumization’: report
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  8. Trinity Investments acquires The Standard, London
  9. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
  10. Vestiaire Collective partners with influencers to combat fast fashion
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News briefs

Michael Kors, BMW, Armani and Versace – News briefs

February 5, 2014

 

By Jen King

Today in luxury marketing:

Michael Kors shares climb on 76.6pc profits rise
Shares of Michael Kors jumped 20.3 percent in early morning trading Feb. 4 after the accessories and fashion firm reported a 76.6 percent leap in net income for the third quarter ended Dec. 28 to $229.6 million, or $1.11 a diluted share, from $130 million, or 64 cents, a year ago. Total revenues rose 59 percent to $1.01 billion from $636.8 million, which included a 59 percent gain in net sales to $964.8 million from $606.9 million. The balance of revenues was from licensing income, WWD reports.

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  1. Christofle spotlights two centuries of innovation at Paris' Musée des Arts Décoratifs
  2. Dior welcomes first beauty boutique in North America
  3. Luxury brands losing ground with younger audiences: Bain
  4. ‘Shifting consumer mindsets are set to enable longer-term premiumization’: report
  5. Lexus logs 25 years of 'December to Remember'
  6. Kering launches Generation Award X Jewelry to support sustainable design
  7. Gucci channels spirit of giving
  8. Trinity Investments acquires The Standard, London
  9. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
  10. Vestiaire Collective partners with influencers to combat fast fashion
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Trinity Investments acquires The Standard, London
Christofle spotlights two centuries of innovation at Paris’ Musée des Arts Décoratifs
Kering launches Generation Award X Jewelry to support sustainable design