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Since the reopening of the shops in China, sales of the Italian luxury fashion brand have surpassed the figures recorded in 2019, according to Reuters and as reported by ILM.
2020 still has not stopped luxury fashion brands from entering the ring for who will have the It Bags of 2020. Burberry is coming in swinging with their new Pocket Bag. The British luxury label unveiled the campaign for the bag today. The campaign stars prominent fashion model Bella Hadid.
Capri Holdings, the parent group of Versace, Michael Kors and Jimmy Choo, has announced revenues of $451 million for the first quarter of its current fiscal year, the three months to June 27. This represents a fall of 66.5% compared to the same period a year earlier, reports Leatherbiz.
The health crisis began in China, but ironically it is in China that the major fashion and luxury groups will seek their salvation. The reason is quite simple: on the one hand, the recovery has already taken place in China, even if the reality is mixed across the country. Beijing, for example, is at half mast, but Hong Kong showed encouraging signals very early on, however balanced by an extremely tense social and political climate. Some luxury homes, as of May, noted a 22 percent increase in sales. The first country to be affected, China is also the first country to have contained the epidemic, which autom, click on atically gives it a head start.
The French luxury group announced that second-quarter comparable sales plunged by 43.7% due to the Covid-19 pandemic, stressing it could not provide a forecast for the second half of the year, despite an encouraging recovery in Asia, reports ILM.
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