High-end bags brand Aspinal of London said sales soared 27% in its latest year, hitting £23.7m in the year to March 31 2016. That highlighted why it is seen as a takeover target for European and Asian luxury investors.
In attempt to prevent the sale of counterfeit merchandise on eBay, particularly luxury goods, eBay will be implementing a new product authentication program especially geared toward verifying high-ticket items.
Fashion Scout has been invited to nominate two brands from over 30 European countries for the International Woolmark Prize. The showcase will be accepting nominations for consideration until 22 January.
Luxury good maker LVMH said its Louis Vuitton brand had ceased all trading with Vietnamese farms which animal rights activist group Peta alleged mistreated crocodiles, whose skins are used to make handbags.
Fashion East has teamed up with Selfridges to open a pop up shop featuring clothes, gifts and quirky collectibles from designers such as Craig Green, Ashley Williams and Charles Jeffrey. It runs until the end of March.
The weakness of the UK’s currency boosted retail sales to tourists in December as they spent £725m, a 22% increase, on a year ago. And a lot of that was spent on fashion and luxury goods, payments firm Worldpay said.