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Headlines: Brunello Cucinelli up in China, Valentino, sustainable materials, Worthy, Circa

October 26, 2023

Luxury brands posted mixed results in the first nine months. While some defied expectations, others were weighed down by macro headwinds and changing consumer habits. Image credit: Brunello Cucinelli Luxury brands posted mixed results in the first nine months. While some defied expectations, others were weighed down by macro headwinds and changing consumer habits. Image credit: Brunello Cucinelli

 

Curated headlines by Luxury Roundtable

We bring you the latest headlines in luxury to save you time. Please note that most sources are behind paywalls.

Brunello Cucinelli soars in China with ‘silent’ styles while Ferragamo faces decline
While Ferragamo recorded falling revenue in all but one region in the nine months to October 1, luxury fashion rival Brunello Cucinelli celebrated double-digit growth across all its regions, bucking the deceleration trend. (Jing Daily)

Valentino targets Double 11 with Black Tie campaign
Valentino launched a campaign for the upcoming Double 11 shopping carnival on Oct. 24. (Jing Daily)

Want to boost profits? Invest in sustainable materials
As the industry’s key climate goal deadlines near, Textile Exchange has released a report that aims to convince fashion execs of the long-term financial upsides of investing in sustainable materials, alongside a new sourcing tool for practitioners. (Vogue Business)

Secondhand luxury jewelry marketplaces Worthy and Circa to merge
Privately held US fine jewellery and luxury watch marketplaces Worthy and CIRCA Jewels told Reuters on Thursday they will merge to create a company worth more than $100 million. (The Business of Fashion)