Chanel invested a huge amount to recover from pandemic
Luxury maison Chanel reported 41.4% of revenue loss and still invested USD1.1billion to recover during the pandemic.
Patagonia reported a loss in first half 2021
Patagonia reported 8.8% of loss to USD 8.475 thousands in first half 2021 compared to the same period in 2020.
Celine takes 2021 as recovery year
It estimates that 2021 can be the year of recovery for Celine since the brand caught the attention in crucial Chinese market and its popularity is on the rise.
Saint Laurent reported a loss in revenues
Kering group reported a decrease on Saint Laurent’s revenue by 14.9% in 2020.
LVMH owns the majority of Off-White's stakes
French luxury conglomerate LVMH bought 60% stakes of Virgil Abloh’s Off-White.
Reebok will be sold to Authentic Brands Group
Adidas announced that the group will sell Reebok to Authentic Brands Group (ABG) with a price up to EUR 2.1 billion.
Fenty Beauty constitutes the majority of Rihanna's values
Fenty Beauty is sold in over 1600 stores across 17 countries. It is estimated that 82.3% of Rihanna’s value which is nearly USD1.4bn, coming from Fenty Beauty.
The North Face became a PR attack target
The North Face became a PR attack target after rejecting selling jackets to an oil and gas related company.
Loewe held a newspaper show
Loewe presented a full-size newspaper with 64 pages called “A Show in the News” since the brand is unable to hold the planned FW21 show.
La Prairie reported a loss in revenues
Luxury skincare brand La Prairie was hit by covid-19, its parent company Beiersdorf reported 3.6% of 2020 Q1 sales.
Isabel Marant collaborates with Safilo
Isabel Marant teamed up with Italian eyewear manufacturer Safilo to present its first eyewear line.
Clinique's parent company was fined over its false claim
Estée Lauder Group was fined RMB400K over a false claim of Clinique’s fresh pressed daily booster.
Clarks is looking for new opportunities in US market
British shoe manufacturer Clarks is seeking the transforming opportunity in US market after the pandemic.
Allen Solly will expand its distribution
Allen Solly from Aditya Birla Fashion and Retail Ltd. is planning to expand its market to 3rd tier and 4th tier city.
Suitsupply reported a huge loss in revenues
Due to the covid crisis, Dutch brand Suitsupply reported 39% of loss to 205 million euros, and in 2021 Q1, the sales reached only 55% of 2019 level.
E-commerce sales of Salomon reached USD24.8 million.
In 2020, E-commerce sales of Salomon reached USD24.8 million.