The gradual recovery of the pound from its post-Brexit vote low in June 2016 is in danger of denting London's luxury tourist trade, according to Thierry Andretta, the CEO of luxury leathergoods specialist Mulberry.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.
China's Fosun International Ltd on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan and a beacon to tourists domestic and abroad.
Prestige beauty company L'Occitane en Provence is taking its assortment on the road with its new L'Occi Truck, the first ever traveling retail experience for the brand, modeled on the food truck concept.
Lifestyle brand FabFitFun is hosting a pop-up in Downtown LA's Grand Central Market March 10th-11th. Consumers are incentivized to interact with the space – adorned with Instagram-worthy props – and post on social media.
Chinese investor and philanthropist Wendy Yu, on behalf of her Hong Kong-based company, Yu Holdings, has created an endowment in perpetuity for the position of the Wendy Yu Curator in Charge of The Costume Institute.