Last week’s Brexit deal and Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last-three+ year, facing an uncertain future as consumers shun unnecessary spending.
The luxury label owned by LVMH has doubled its leather goods production capacity in Tuscany with a new site in Radda in Chianti. The site, in which Celine invested over €20 million, is set to double its staff by 2021.
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc, a court document showed.
UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.
As the cosmetics industry scrambles to appeal to younger consumers, a new study has found that both boomer and Gen-X women feel ignored by the current product offerings and marketing campaigns of most beauty brands.
On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after an NBA basketball manager tweeted support for the protests in Hong Kong.
A leading analyst has said that Harrods really needs to connect with more shoppers in the UK and also to drive more online sales from its tourist fanbase if its wants to push GTV higher as rival Selfridges is doing.