Following the acquisition of the century-old Spanish leather company Colomer 1792 in 2009, the acquisition of Ausonia represents another milestone in the company’s globalization strategy.
In the third quarter, Ferrari’s global total shipments reached 3,383 units, a decrease of 2.2% compared to the previous year.
Burberry British luxury brand Burberry has appointed Pa […]
In the first nine months of 2024, Zegna Group’s total revenue amounted to €1.3574 billion, marking a year-on-year increase of 1.7%, though with a 4.0% decline on an organic basis.
Gildo Zegna stated, “Our uber-luxury and bespoke services are growing.”
Given the ongoing uncertainty in luxury consumer demand, Ferragamo Group expects its full-year operating results to approach the lower end of analysts’ current estimates.
By the end of the year, the brand will launch its second fragrance collection, adding six new scents under the series name “Incanti Poetici.”
China remains a key strategic market for the Italian furniture industry, ranking as the eighth-largest export destination in Italy’s wooden furniture supply chain.
Italy’s exports to the Chinese Mainland and Hong Kong increased by 17.4% and 16.5%, respectively.
In the Chinese Mainland market, Q2 net sales declined by 3.9% at constant exchange rates, an improvement compared to the 21.1% decline in Q1.
