International and Arab News
Fashion
Michael Kors-owner Beats Revenue Estimates on Resilient Luxury Demand
Michael Kors-owner Capri Holdings Ltd beat quarterly revenue estimates on Tuesday, helped by unwavering demand for luxury goods from higher-income consumers who remain largely unaffected by rising prices. The effects of 40-year-high inflation has shown little, if any, impact on middle- and high-i
Famed Japanese Fashion Designer Issey Miyake Dies at 84
Issey Miyake, who built one of Japan’s biggest fashion brands and was known for his boldly sculpted, signature pleated pieces, has died. He was 84. Miyake died Aug.
Prada Navigates Tricky COVID Curbs to Hold Beijing Show
Prada on Friday became the first major luxury house to host a show in China this year, navigating strict COVID curbs to send models down a catwalk in a historic Beijing mansion hotel, a move aimed at underscoring its commitment to the market.
Puma Raises Full-Year Revenue Outlook after Solid Q2
German sportswear maker Puma reported stronger than expected second-quarter earnings on Wednesday on "very strong growth" across its product range and raised its revenue outlook for the full-year 2022.
LVMH Q2 Sales Climb 19%, Offsetting Slower China
Sales at LVMH, the world's largest luxury group, rose by 19% in the three months to June, as robust growth in the US and China helped it offset a new round of lockdowns in China.
Sankyo Seiko to Purchase French Luxury Fashion House Leonard
Privately-held French fashion house Leonard, known for its stylized orchid prints, is being sold to its long-time parter in Asia, Japan-based Sankyo Seiko, the company said Monday. The move marks the end of family ownership for the luxury label, which was founded in 1958, and symbolizes the strug
Luxury Shoemaker Manolo Blahnik Wins 22-Year Trademark Battle in China
Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama "Sex and the City", said on Tuesday it has won a legal battle in China to use its own name, paving the way for the brand's expansion across the country.