Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.

Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.

French luxury group Kering's Q2 comp sales plunged by 43.7% due to the coronavirus. Gucci comp sales fell 45% and Saint Laurent 48%, but recovering Bottega Veneta contained the drop in revenue to only 24.4%

British department store group Selfridges warned Tuesday that it plans to axe 450 jobs after sales slumped due to the coronavirus and the aftermath of the nationwide lockdown.

LVMH, the world’s biggest luxury goods group, said sales momentum picked up in June and had especially improved in China, after store closures sparked by the pandemic tore a hole in the Louis Vuitton owner’s Q2 sales. 

On Tuesday, the Austrian jeweller announced it will cut another 1,000 jobs at its western Tirol facility in the autumn, blaming increasingly tough competitive pressure and the Covid-19 pandemic.

Dior unveiled a magically infused cruise collection on Wednesday night in the main square of Lecce in Puglia, the home region of the father of the house’s couturier Maria Grazia Chiuri. 

Mr Porter and Jaeger-LeCoultre have released a new luxury watch inspired by the latest film in the Kingsman series, The King’s Man. The drop is limited to only 100 pieces, launching on Mr Porter this week.

The Parisian luxury brand has opened its third location in Las Vegas, a new menswear store at the Bellagio luxury resort and casino.

Bali Barret, a highly influential member of the greater Hermès collective creative team, is to leave the company in the fall, to general surprise among luxury circles in Paris.

​Harvey Nichols is the third big name in just a couple of days to be mulling job cuts in the near future. The company is looking at removing roles from all of its stores, although it's trying to minimise the impact.

Pamela Tulizo has won the Dior Photography and Visual Arts Award for Young Talent, the third edition of the prestigious prize which is held in conjunction with Luma Arles.

Swiss luxury giant Richemont was hit hard by Covid-19 in Q1 (the three months to June 30) with its sales down by 47% to €1.933 billion at actual and constant exchange rates.

​The New West End Company is calling on the UK government to introduce tax-free shopping for European tourists post-Brexit as what should be Britain’s busiest shopping area continues to see a mere trickle of visitors.

Brunello Cucinelli expects to limit its drop in sales this year caused by the coronavirus crisis to 10% and said it would writedown 30 million euros of unsold garments, which would be donated to humanitarian causes.