After supporting the creation of Livy in 2017, the French group has buttressed its lingerie business by buying a stake in Ysé, an underwear label founded in 2012 by Clara Blocman and Bérengère Lehembre.
The Google vice president of product will support Lyst on product development and management as the London-based business continues to build its reputation as the world’s largest fashion search platform.
Middle Eastern tourists are expected to boost UK luxury retail this summer with a particular interest in British brands. That’s according to Global Blue, which predicted a 16% rise in transactions by Gulf visitors.
Wolford's latest results showed it remains loss-making. But it expects to be profitable in the 2020/21 financial year and should be helped by its Chinese ops as well as launches such as its planned athleisure debut.
Surging demand in Asia and especially mainland China helped Birkin handbag maker Hermes post better-than-expected sales growth for the second quarter, in an encouraging signal for some of its major luxury goods rivals.