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Prada Group Reports 15% Revenue Growth in First Nine Months of 2026

Ut World October 22, 2026 0

Prada Group reported net revenue of €4.54 billion for the first nine months of 2026, marking a 15% increase at constant exchange rates and 12% on a reported basis compared with the same period last year. Organic growth stood at 4%, excluding Versace’s contribution and currency effects. In the Continue Reading

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China’s Tax Crackdown Adds Pressure on Luxury Brands Amid Weak US Spending

Ut World October 9, 2026 0

China’s crackdown on wealthy individuals over unpaid taxes is adding pressure on luxury brands already facing geopolitical uncertainty and weakening consumer demand in the United States. Under Beijing’s new tax rules, wealthy Chinese individuals who used offshore trusts to shelter assets must declare and pay years of back taxes by October 22. The 20% levy […]Continue Reading

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Le Silla Reports €25 Million Turnover, Targets US and Emerging Markets

Ut World September 30, 2026 0

Italian luxury footwear and handbag brand Le Silla is expanding its global presence after recording group turnover of around €25 million in 2025, up approximately €5 million from the previous year. The Porto Sant’Elpidio-based company unveiled a new contemporary retail concept during Milan Fashion Week at its Via Sant’Andrea store, featuring materials such as steel […]Continue Reading

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Christian Dior Holding Company Shares Surge 17% After LVMH Reorganisation Plan

Ut World September 25, 2026 0

Shares of Christian Dior SE surged more than 17% on Thursday after luxury giant LVMH announced a restructuring of its controlling organisation. At 7:40 a.m. GMT, Christian Dior shares were up 17.42% at €428.80, while LVMH gained 0.96% to €400.70. The CAC 40 index, meanwhile, was down 0.14%. Christian Dior is LVMH’s main shareholder, holding […]Continue Reading

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Gucci Introduces China-Made Sneakers, Breaking From Italian Manufacturing Tradition

Ut World September 24, 2026 0

Gucci has introduced new luxury sneaker models labelled “Made in China”, marking a departure from its traditional Italian manufacturing roots. The move comes as the luxury fashion house seeks to regain market share and attract price-sensitive aspirational shoppers. The development also presents a challenge for creative director Demna, who is tasked with delivering Continue Reading

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Luxury’s Shift From Destruction to Sustainability

Ut World August 5, 2026 0

The conviction of four former Chanel employees in Hong Kong for attempting to steal hundreds of luxury bags and wallets destined for destruction has revived debate over one of the fashion industry’s most controversial practices. Between 2016 and 2017, the employees allegedly diverted more than 700 Chanel products worth millions of dollars before they were […]Continue Reading