Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Italian brand Dolce & Gabbana will present its latest couture collection in Venice from August 28 to 30. On the occasion, the brand will also unveil its first homeware line and unprecedented digital collection of NFTs.
Big operational changes at MySale have borne fruit. The online fashion and lifestyle retailer's shift to an Australia/New Zealand focus while scaling the business to a new marketplace seller platform has worked well.
Fast-growing fashion retail giant Next said on Wednesday that it had easily beaten its own expectations for full-price sales, with the last 11 weeks seeing an 18.6% surge compared to the same period in 2019.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
As part of the strategic partnership, Justice's signature line will be available at Walmart, as of August 19 on Walmart.ca and in 326 Walmart stores nationwide.
Etro is looking to future-proof its business and has revealed a “strategic partnership” with L Catterton Europe that it said will be the “start of a new phase of growth”
UK online retail group Very could be in line for a stock market listing. Its private owners in the Barclay family are reportedly considering a possible flotation or sale of the business early in 2022.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.
The house of Karl Lagerfeld is to open a luxury villa estate named Karl Lagerfeld Villas Marbellas by end 2021 in a deal with Sierra Bianca Estates.
Boohoo Group has signed a partnership deal with Alshaya Group to build on the presence of Debenhams in the Middle East and also take other brands in its portfolio to the region via stores rather than just online.
The Englewood, Colorado-based parent company of retail platforms including QVC and HSN announced on Tuesday that David Rawlinson II will be joining the group as president and CEO on October 1, 2021.
Paul Smith Group Holdings, the company that owns the Paul Smith trademarks, has filed its annual results for the year to June 30 2020 and said that the final quarter of that year was hit hard by the pandemic.
LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European e-commerce player in the sector.
Hermès reopened its via Montenapoleone store in Milan on July 9 and said it starts a “a new chapter in the history that has linked Italy to the French house since 1987”.
