Advertise with fastmoving.co.za
 
 

LUXURY BRANDS NEWS ON FASTMOVING

Subscribe to luxury brands

THE Glenlivet Whisky appoints new Brand Manager

THE Glenlivet Whisky appoints new Brand Manager

05/03/2019 - 10:19
THE Glenlivet’s new South African Brand Manager is THE Keval Ramraj, a young man who has his finger on the pulse of the world of single malt whisky – and whose competitive edge bodes well for the future of this whisky brand that owns the reputation of being THE single malt whisky in the world.  read more
Dolce & Gabbana shows marketing blunders know no borders

Dolce & Gabbana shows marketing blunders know no borders

26/11/2018 - 14:19
Outrage is spreading in China over a video ad campaign for Italian luxury brand Dolce & Gabbana that shows a Chinese model struggling to eat spaghetti and pizza with chopsticks. read more
Versace acquisition: Michael Kors needed to boost its credibility to make it in the luxury market

Versace acquisition: Michael Kors needed to boost its credibility to make it in the luxury market

15/10/2018 - 14:31

By acquiring the prestigious Italian fashion house, Versace, American group Michael Kors enters the luxury world, despite a lack of experience in the sector. It’s a risky move, but one that makes financial sense.

 read more
Richemont finds a new online paradigm

Richemont finds a new online paradigm

21/09/2018 - 08:57
Rupert family-controlled luxury goods conglomerate Richemont remains one of the default options for investors rattled by a ravaged rand, despite a rather demanding market rating. read more
Ralph Lauren's turnaround efforts yet to pay off

Ralph Lauren's turnaround efforts yet to pay off

02/02/2018 - 09:32
Ralph Lauren Corp (RL.N) reported a disappointing holiday quarter as fewer customers bought the luxury apparel maker’s products in North America, indicating that its turnaround efforts are yet to pay off.  read more
Asia-Pacific region lifts Richemont

Asia-Pacific region lifts Richemont

11/01/2018 - 13:25
Luxury goods retailer Richemont said on Thursday that wholesale revenue declined while retail revenue grew in the nine months to end-December, reflecting the company’s shift from traditional retailers to online-based sales. read more
Luxury brands can now block sales on Amazon & eBay

Luxury brands can now block sales on Amazon & eBay

18/12/2017 - 11:00
Luxury brands can now block retailers from selling their products on online marketplaces such as Amazon and Ebay after a landmark ruling in a top European court.  read more
Strong performance in Asia-Pacific helps Richemont return to growth

Strong performance in Asia-Pacific helps Richemont return to growth

10/11/2017 - 15:34
A 23% surge in luxury watch and jewellery sales in Richemont’s largest market, Asia-Pacific, helped the group return to growth in the first half of its financial year. read more
Richemont makes up for lost time

Richemont makes up for lost time

19/10/2017 - 11:17
The market’s faith in Richemont appears to have been vindicated by the latest update from the luxury goods company. read more
Luxury goods group Richemont sharpens online focus with two new appointments

Luxury goods group Richemont sharpens online focus with two new appointments

22/09/2017 - 09:18
Luxury goods retailer Richemont has signalled a shift in focus with the creation of a new role — chief technology officer. read more
Asia remains Richemont’s main sales driver

Asia remains Richemont’s main sales driver

13/09/2017 - 10:03
Asia was again the main driver of sales growth at Richemont, the world’s second-biggest luxury goods group said in a trading update on Wednesday, ahead of its AGM. read more
Richemont sells Shanghai Tang as China prefers foreign swank

Richemont sells Shanghai Tang as China prefers foreign swank

05/07/2017 - 09:01
Geneva - Richemont has sold Hong Kong-based dressmaker Shanghai Tang, showing that a Chinese name still doesn’t have the same ring to luxury shoppers as a French or Italian one. read more
Future of luxury goods in online marketplaces hangs in the balance

Future of luxury goods in online marketplaces hangs in the balance

13/04/2017 - 11:36
Europe's highest court has commenced a case that could decide if luxury brands can stop retailers from selling their products via online marketplaces such as Amazon or eBay. read more
Can lagging luxury brands stage a comeback in 2017?

Can lagging luxury brands stage a comeback in 2017?

17/02/2017 - 15:46
Department stores’ woes have captured the headlines, but unfortunately, they’re not the only ones on the sea of troubles.  read more
Burberry crowned leader in sustainability

Burberry crowned leader in sustainability

09/09/2016 - 08:55
Burberry has been named the industry leader in sustainability by the 2016 Dow Jones Sustainability Index (DJSI).  read more
Holiday champagne recession over - experts

Holiday champagne recession over - experts

18/12/2013 - 09:35
New York - After years of resorting to less costly sparkling beverages, many wine experts said they will be popping champagne corks this New Year's Eve, which could be an indication of better economic times ahead read more
Richemont slides on ‘precarious’ comments

Richemont slides on ‘precarious’ comments

04/12/2013 - 08:24
Cape Town - Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after chairman Johann Rupert said he’s very concerned that the global economy is in a precarious position. read more
Richemont decides to keep all brands

Richemont decides to keep all brands

11/11/2013 - 09:06
Johannesburg - Cie. Financiere Richemont SA, the maker of Cartier jewellery and IWC watches, said a “subdued” environment increases the need for caution and countered speculation it will sell any of its 20 brands.  read more
Foschini African expansion to salvage poor SA retail outlook

Foschini African expansion to salvage poor SA retail outlook

11/10/2013 - 08:07
Foschini, JSE’s worst-performing clothing retailer this year, said it plans to open 21 new stores on the rest of the continent as consumers in South Africa continue to struggle in debt.  read more
Bacardi opens first African office in Kenya

Bacardi opens first African office in Kenya

10/10/2013 - 12:32
The World’s largest privately held spirits company, Bacardi Limited is set to open its first African sales outlet in Nairobi, Kenya on Tuesday following the growing demand for luxurious goods such as alcoholic beverages by consumers. read more
Colliers: Fifth Avenue has highest retail rent, at $3,052 per square foot, United States

Colliers: Fifth Avenue has highest retail rent, at $3,052 per square foot, United States

09/10/2013 - 08:08
Seattle -- The global retail real estate market rebounded in the first half of the year, with international and luxury brands expanding to new markets and high street properties growing in popularity, according to a new report from Colliers International.  read more
Retail's global top 10

Retail's global top 10

15/05/2013 - 09:25
New York - There's expensive and then there's Hong Kong. read more
Richemont ups full-year profit 30%

Richemont ups full-year profit 30%

02/05/2013 - 09:28
Zurich - Luxury goods group Richemont [JSE:CFR] said its annual profit rose nearly a third from the previous year's €1.54bn, helped by favourable currency swings.  read more
China's top liquor makers brace for slowdown as anti-luxury drive bites

China's top liquor makers brace for slowdown as anti-luxury drive bites

24/04/2013 - 07:34
(Reuters) - China's largest makers of popular, fiery "baijiu" liquor are bracing for a slowdown this year after nearly a decade of heady growth as a crackdown on lavish official spending starts to hit home. read more
Versace family open to outside investors

Versace family open to outside investors

05/04/2013 - 07:27
Milan - Family owned Italian fashion house Versace is ready to sell some of the company to outside investors to help fund expansion in foreign markets such as Asia, its chief executive said in an interview.  read more
Dolce & Gabbana slapped with fine for tax evasion

Dolce & Gabbana slapped with fine for tax evasion

02/04/2013 - 07:43
Rome - An Italian court has ordered the Dolce & Gabbana fashion house to pay a fine of €343 million (about R4 billion) plus interest for failing to declare millions of euros in revenue to tax authorities, local media reported. read more
Richemont falls most in two months

Richemont falls most in two months

19/03/2013 - 13:37
Johannesburg - Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in almost two months in Zurich trading after a shareholder sold about 7 million shares for 539 million Swiss francs ($569 million). read more
Business startup bags big Woolies contract

Business startup bags big Woolies contract

14/03/2013 - 15:12
Cape Town - A steadfast commitment to exceptional quality, service and big dreams has allowed a startup company to turn their dreams into reality by manufacturing and supplying luxury paper bags for Country Road and Trenery - brands owned by Woolworths Holdings [JSE:WHL].  read more
Ralph Lauren's Denim & Supply format to make U.S. debut in New York City

Ralph Lauren's Denim & Supply format to make U.S. debut in New York City

19/02/2013 - 09:39
New York -- Ralph Lauren Corp. will debut its Denim & Supply retail banner in the United States, opening a store in New York City this spring, according to WWD.com. It will be the first freestanding U.S. location for the brand, which features affordable price points.  read more
Saks’ enhances omni-channel strategy with loyalty programme updates and free shipping

Saks’ enhances omni-channel strategy with loyalty programme updates and free shipping

28/01/2013 - 09:25
New York -- Saks Fifth Avenue is amping up its omni-channel strategy by updating its SaksFirst loyalty programme and adding free shipping. The changes will make the benefits of the program more consistent across Saks’ different channels.  read more
Richemont shares fall over 6%

Richemont shares fall over 6%

22/01/2013 - 07:59
Johannesburg - Shares of Richemont [JSE:CFR] fell more than 6% after the luxury goods retailer reported disappointing third-quarter sales figures and said the near-term outlook for its Asia-Pacific business was unclear. read more
Richemont in JV with China jewellery giant

Richemont in JV with China jewellery giant

21/01/2013 - 07:54
Geneva - Swiss luxury goods group Richemont [JSE:CFR] and the world's largest jewellery chain, Chinese Chow Tai Fook, have agreed to create a joint venture, Swiss daily Le Temps reported in its online edition late on Saturday. read more
International brand comes to Gabarone, Botswana

International brand comes to Gabarone, Botswana

11/01/2013 - 09:27
ALDO, the celebrated Canadian fashion footwear and accessory brand, is set to open its first retail store in Botswana. read more
Luxury brands snub Africa

Luxury brands snub Africa

26/11/2012 - 07:32
Johannesburg - Africa has more millionaires than Russia, but for many wealthy Africans shopping for designer handbags or luxury watches still means travelling to New York or Europe. read more
Richemont down as Swiss exports drop

Richemont down as Swiss exports drop

19/10/2012 - 08:00
Johannesburg - Shares of luxury goods retailer Richemont [JSE:CFR] fell as data showed Swiss watch exports dropped for the first time in two-and-a-half years in September, hit by slowing Chinese demand. read more
Qataris acquire Valentino

Qataris acquire Valentino

25/07/2012 - 11:35
Milan/London - Italian fashion house Valentino has been snapped up by the Qatari royal family for €700m, the latest purchase of a top European luxury brand by an emerging market investor. read more
Richemont up as Swatch keeps target

Richemont up as Swatch keeps target

19/07/2012 - 08:59
South African shares of luxury goods maker Richemont rise after Swiss watchmaker Swatch maintains 2012 sales target despite concerns about cooling Chinese demand.  read more
Africa’s middle class loves shopping

Africa’s middle class loves shopping

11/07/2012 - 08:56
The trend towards luxury is percolating down into Africa’s expanding middle class, says Daphne Kasriel-Alexander, consumer editor at market research company Euromonitor International. read more
Gucci vs Guess

Gucci vs Guess

23/05/2012 - 09:26
A US judge said Gucci may recover just $4.66m in its lawsuit accusing apparel retailer Guess of copying its trademarked designs, a small fraction of the more than $120m sought by the Italian luxury goods company.  read more