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News briefs

Day’s wrap: Capri Holdings, LVMH, Farfetch and Aston Martin

March 7, 2022

Despite joining the group only six months ago, Joshua Schulman will leave his post as CEO of Michael Kors. Image credit: Michael Kors


Luxury Daily’s live news for March 7:

Michael Kors CEO leaving Capri Holdings
Fashion luxury group Capri Holdings has announced that Joshua Schulman, CEO of fashion brand Michael Kors, is leaving the company.

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LVMH closes retail stores in Russia amid invasion
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton is temporarily shutting down its retail operations in Russia, as it stands with Ukraine amid the current geopolitical conflict.

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Farfetch celebrates Ramadan through curated capsule
Online luxury retailer Farfetch has unveiled a new capsule collection, including more than 70 international and Middle Eastern designers, in honoring the Ramadan holiday.

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Aston Martin developing high-performance battery
British automaker Aston Martin is pushing its electrification strategy forward with its latest partnership with lithium-ion battery tech investor Britishvolt to develop a new high-performance battery.

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