Yoox Net-a-Porter unveils new luxury jewellery section The business said that it expects that the section will hit $100m in revenue by 2020. Jewellery is currently one of the fastest growing categories in the luxury sector, and YNAP is moving to capitalise on this expanding market. Read more.

Farfetch launches startup incubator Dream Assembly The incubator, launched in partnership with 500 Startups and Burberry, is intended to foster the development of the next generation of retail businesses. The move has increased speculation about a potential Farfetch IPO. Read more.

Bally posts biggest underlying profit in a decade CEO Frederic de Narp commented in an interview that the company's positive results were buoyed by strong performances in Japan and the US. The news follows the company's acquisition by Shandong Ruyi earlier in the year. Read more.

Salvatore Ferragamo to delay CEO appointment and establish a new executive committee The move follows the departure of CEO Eraldo Poletto in March. Chairman Ferruccio Ferragamo has taken the reins while the family-owned fashion house searches for a successor. Read more.

Marc Jacobs creative contemporary director John Targon to depart role John had been tasked with setting the direction for the label's lower-priced goods. He co-founded Baja East and previously worked as the director of wholesale for menswear at Burberry. Read more.

Vince launches capsule collection in collaboration with Trave Denim The move is part of a wider strategy which has seen the company grow its offering. The new four-piece capsule will be sold exclusively through Vince stores. Read more.