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Inditex sales and profits dive, but recovery has begun and digital is key
Retail giant Inditex hasn’t come out of the pandemic year unscathed. But the strength of its business model appears to have carried it through so far and its performance since its fiscal year ended has been encouraging
Fashion
Target and Levi's launch limited-edition home and apparel collection
Priced from $3 to $150 with most items under $25, the collection includes home items like tableware, quilts and pillows, pet apparel and accessories, as well as apparel like Levi's trucker jackets and sleepwear.
Fashion
Boohoo buys Debenhams for £55m, marks big move into beauty, home
Boohoo on Monday confirmed that it has bought the Debenhams brand for £55m. It will use it to move into beauty and homewares, extend its own brand offering, operate a giant online marketplace and grow internationally.
Fashion
Baccarat placed under control of pool of international investment funds
Luxury crystalware producer Baccarat is now controlled by a pool of international investment funds, which are not ruling out a subsequent sale or a restructuring of the French group.
Luxury
Family feud rages as Swarovski empire loses its lustre
The headquarters of the Swarovski crystal empire are every bit as glitzy as you might expect -- but the sparkle can't distract from a bitter family feud over the company's future.
Luxury
H&M Group unveils radically different Singular Society membership brand
H&M Group has soft-launched an interesting new venture with Singular Society, a first-of-its-kind members brand that gives those who sign up “access to uncompromised life essentials at the price they cost to make”.
Fashion
Galerie Goossens expands the Chanel group marque into decoration
Goossens, the preferred costume jewelry marque of Coco Chanel, has quietly expanded into decoration with a new boutique, Galerie Goossens, located at a key nerve center of luxury retailing in Paris.
Luxury
H&M Home to launch Diane von Fürstenberg collab next year
As many global consumers continue to be confined to their homes and want to make those environments as comfortable as possible, H&M’s Home unit has announced a collab with US fashion designer Diane von Fürstenberg.
Fashion
John Lewis's new strategy goes beyond retail, is even more digital
Under its still-new Chair Sharon White, John Lewis Partnership has unveiled a “bold” new strategy to help its John Lewis department stores and Waitrose supermarkets reach more customers.
Fashion
Giorgio Armani opens new boutique in Monte Carlo
Giorgio Armani Group has opened his first signature boutique in Monte Carlo, Monaco, in the latest retail expansion by the legendary Italian designer and empire builder.
Fashion
France's Baccarat in trouble as Chinese owner seeks cash
The storied French crystal maker Baccarat has been placed in administration by a court trying to determine if its Chinese owner will be able to raise emergency funds as sales tumble, the company said Tuesday.
Lifestyle
Britain's Selfridges to axe jobs on virus retail storm
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.
Fashion
Cannes travel retail show cancelled as duty free reels from air travel halt
The Tax Free World Association has cancelled its flagship World Exhibition that was due to take place in Cannes in September and October.
Fashion
LVMH denies planning to buy Tiffany shares on the open market
LVMH has denied planning to buy Tiffany shares on the open market, contradicting market rumors stating that they were about to do exactly that, after the US jeweler's stock price fell on the New York Stock Exchange.
Fashion
Jigsaw to close luxe emporium The Shop at Bluebird this weekend
The Jigsaw-owned luxury multi-brand store The Shop at Bluebird is to close on Sunday, a further sign of the challenges in the UK retail sector at present.
Luxury
Fashion king Kenzo on his exit from retirement for one final fling
He could be sipping cocktails in his silk slippers yet fashion legend Kenzo is back at the age of 80, throwing himself into the world of interior design Friday with the launch of his new brand, K3.
Luxury