Capri Holdings, owner of Versace, Jimmy Choo, and Michael Kors, reported revenue of $1.23bn for Q1, a 9.6% fall, underlining the challenges it faces and the rationale behind its deal to be acquired by Tapestry.

China has lifted a ban on group tours to a slew of countries including the US, UK, Australia, South Korea and Japan, in a big test of demand for overseas travel from what was once the world’s biggest source of tourists

When Coach owner Tapestry Inc. and Michael Kors parent Capri Holdings Ltd. began their individual acquisition sprees, each had an opportunity to become the US equivalent of LVMH.

Coach owner Tapestry Inc. needs to turn around the struggling Michael Kors brand to get the most out of its $8.5 billion deal for the line’s parent company, Capri Holdings Ltd. 

Michael Kors owner Capri will be bought by Coach parent Tapestry in an $8.5bn deal, the companies have said, creating a top US fashion house that can better compete with larger European rivals in global luxury.

Kim Kardashian is fronting the new Marc Jacobs campaign for AW23 with photos shot by London-based Tyrone Lebon and styled by i-D‘s Editor-in-Chief Alastair McKimm. 

​John Lewis has announced a strategic partnership with Google Cloud, worth £100 million over the next five years. It “represents a major expansion of the successful relationship it has had with Google since 2012”.

CommerceHub, one of the world’s largest commerce networks for global retailers and brands, has announced implementation of its e-commerce platform with Alibaba’s Miravia, a premier selling channel in Spain. 

Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion, people familiar with the matter said.

On Monday, American designer Ulla Johnson opened its first store in Los Angeles. A shopping experience enhanced by a collaboration with interior designer Kelly Wearstler.

Zero10’s VTO technology has been brought to sports for the first time via an AR integration with JD Sports. The collab is the first JD Sports’ use of in-store AR try-on technology.

Dior’s link-up with Harrods late last year made a huge impact and the company is continuing the close relationship this month with three pop-up boutiques in the luxury department store. 

Duty-free retailer Dufry lifted its full-year profitability target after posting forecast-beating results for the first half thanks to a post-pandemic global travel boom

Canada Goose, a leading producer of luxury extreme weather outerwear, has reported a 21% rise in total revenue to $84.8 million for Q1. On a constant currency basis, revenue was up 18%.

Sales at Italian luxury goods group Salvatore Ferragamo declined by 7.2% at constant currencies in the first half, hit by double-digit drops in both North America and Asia Pacific, the company said on 3 August.

Zalando, Europe's biggest fashion e-tailer, said on 3 August that it nearly doubled its operating profit in Q2 on better order economics and more focused marketing.