Dolce & Gabbana opens in Ho Chi Minh City its first store in Vietnam

Dolce & Gabbana has officially opened Ho Chi Minh City its first flagship store in Vietnam after testing the market with a pop-up in January. The store which is located within the Rex Arcade inside Ho Chi Minh City’s Rex Hotel features women’s and men’s ready-to-wear, shoes and accessories. The Dolce & Gabbana store is operated in franchising by ACFC, a subsidiary of distribution company Imex Pan Pacific (IPP) Group, which represents in Vietnam brands such as as Burberry, Chanel, CK and Salvatore Ferragamo. Along with the opening, D&G introduced its international [...]

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Valentino reportedly considering IPO in 2018

Italian Luxury fashion house Valentino is reportedly mulling over an IPO in the second half of 2018, following the appointment of Sebastian Suhl as managing director of global markets. Set to begin his new role at Valentino in January, Suhl impending arrival at the luxury fashion house has led to fresh speculation that Chief Executive Officer Stefano Sassi is preparing the company for an IPO during the second half of 2018, according to WWD. Earlier this year the CEO stressed that an IPO was ”not on the table” for Valentino for 2017, [...]

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Michael Kors appoints former Valentino executive as Chief Brand Officer

Michael Kors on Tuesday appointed Francesca Leoni its Senior Vice President, Chief Brand Officer. She will assume her new role on February 5, 2018 and she will report to Chairman and CEO John D. Idol. Leoni previously served as Worldwide Communications Director at Valentino. In this role, she was responsible for the development and implementation of all global communications initiatives and events, including public relations and marketing. Prior to Valentino, Leoni served as Worldwide Public Relations & Events Director at Bulgari from 2005 to 2010, and the Senior Director, Public [...]

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Guess reports Q3 revenues up 3.3%

Guess reported a 3.3 percent increase in third quarter net revenue on Tuesday, due to strong sales in both Europe and Asia, but still reported a net loss. reported a net loss of $2.9 million in the quarter, compared to net earnings of $9.1 million for the third quarter of fiscal 2017. Adjusted earnings were $10.4 million, an 8.1 percent increase compared to $9.6 million for the third quarter of fiscal 2017. Total net revenue for the third quarter ended October 28, 2017, increased to $554.1 million, compared to $536.3 million in the prior-year quarter. Revenue was bolstered by good momentum in Europe and Asia, where [...]

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Monaco builds offshore urban extension into the Med

Nearly 35 in every 100 Monaco residents are millionaires and more of the global super-rich want to join them. Around 2,700 more are expected to call Monaco home by 2026, according to research by estate agent Knight Frank, taking the total to 16,100 out of a total population of under 38,000. Construction has begun on a $2bn (£1.5bn) scheme to reclaim land from the sea around Monaco so that more luxury apartments can be built for the thousands of extra millionaires expected to move to the principality in the next [...]

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