Whoever said luxury and online don’t go together well? Certainly not Matchesfashion. The boutique-turned-internet-luxury-giant has reported its results for the first time and the numbers are impressive.
One year ago, British fashion designers took a very public stand against Brexit. An estimated 90% of London-based creators aghast at the very idea of leaving Europe, as many very firmly spoke out against any such divorce. Today, they await the divorce with trepidation.
Puig, Spain’s largest luxury multi-brand group, has radically overhauled its fashion division and named José Manuel Albesa to oversee its four fashion houses, as it announces a slew of new appointments.
There may be concerns about UK retail as Brexit talks loom and shoppers are hit by higher inflation, but international tourist spend appears to be going from strength to strength with tax-free shopping up 55% last month.