Dolce & Gabbana unveils debut real estate venture The luxury brand has announced plans for a new condo hotel in the US, in collaboration with JDS Development Group. The property will feature 250 rooms and suites, six food and beverage outlets, and a restaurant on the ground floor. Read more.

Canada Goose cuts workforce amid challenging trading conditions The luxury outerwear group is streamlining its global corporate workforce in a bid to secure its future amid a slowdown in sales. Canada Goose did not say how many people from its 4,700-strong team would be impacted. Read more.

Revenue at Italian eyewear producer Marcolin hits €550m mark The glasses maker has improved its revenue and profitability, recording net sales of €558.3m for the 2023 financial year. EBITDA reached €78.1m, an improvement of 27.9% on the previous year. Read more.

2024 revenue dips 10% at watches firm Movado Group The American watch group has posted a 10.5% downturn in annual revenue for 2024, to $672.6m. The business has attributed the dip to the decline in its wholesale customers’ brick-and-mortar stores, and a decrease in US retail sales. Read more.

Ben Sherman kicks off store expansion strategy The menswear business is beginning a UK store roll-out, starting with a pop-up in Coal Drops Yard in King’s Cross. The monobrand physical store strategy, which will see the Ben Sherman brand return to UK high streets, is in partnership with BSI Apparel. Read more.

OTB acquires footwear supplier Calzaturificio Stephen The fashion group behind the Diesel and Margiela labels is acquiring Calzaturificio Stephen, in a bid to boost its resilience and support Italian craftsmanship. Calzaturificio Stephen has been working with OTB for 20 years. Read more.