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Jay-Z sells half his champagne brand to LVMH
LVMH, the world's biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z.
Lifestyle
Harrods sales, profits rose last year but retailer faces huge challenges today
2020 has proved to be “a significant challenge” for luxury store Harrods, but before the unprecedented events that began in March, the business posted rises in both sales and profits.
Luxury
Unilever clears first hurdle in planned unification move
Unilever NV shareholders have approved plans to end the Anglo-Dutch company's dual-headed corporate structure and form a London-based entity, which it says will make dealmaking simpler.
Beauty
Fortnum & Mason CEO to quit for arts job
Fortnum & Mason CEO Ewan Venters is leaving the luxury department store after eight years to take up the top role at international art gallery Hauser & Wirth.
Luxury
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
Michigan governor largely rescinds lockdown, retailers to reopen
Michigan Governor Gretchen Whitmer on Monday moved to further reopen the Midwest state’s economy, largely rescinding a stay-at- home order in place since March and allowing retailers to open back up over the next week.
Lifestyle
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
Hong Kong March retail sales plunge 42% year-on-year due to coronavirus
Hong Kong's retail sales fell by 42% in March from a year earlier, as travel restrictions kept tourists away and most residents steered clear of shops and restaurants for fear of catching the coronavirus.
Fashion
As world cowers, China glimpses coronavirus aftermath
Restaurants are reopening, factories are stirring, and in one of the clearest signs yet that China is awakening from its coronavirus coma, the country's "dancing aunties" are once again gathering in parks and squares.
Lifestyle
Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills
Set to open to the public on February 17, the new Osteria is located on the roof of Gucci's Los Angeles store and is led by Michelin-star chef, Massimo Bottura, the chef patron of Osteria Francescana.
Luxury
Louis Vuitton to open largest store in Japan this February with attached restaurant
LVMH brand Louis Vuitton will open its largest flagship store in Japan in Osaka’s Shinsaibashi on February 1 and will open its first café and restaurant inside the flagship store on February 15.
Luxury
Tiffany to open a Blue Box Cafe in Harrods
Fans of Holly Golightly rejoice – Tiffany is bringing the Breakfast at Tiffany’s experience to London this February.
Luxury
Fortnum & Mason sales and profits rise, opens Hong Kong store
Luxe British retailer Fortnum & Mason saw its profits rising 26% in the year to mid-July as the luxury market prospered despite “the most challenging domestic retail backdrop in years”.
Luxury
US restaurant chain Hot Dog on a Stick launches fashion collection
The Santa Monica-born restaurant chain is launching a new apparel and lifestyle merchandise line inspired by its Californian roots, dealing in t-shirts, sweatshirts, leggings and shoes.
Lifestyle
French label A.P.C. to open A.P.C. Café in Paris
From Maison Kitsuné to L’Exception, Archive 18-20 and Yves Saint Laurent, many Parisian fashion labels and stores have introduced a café area, the latest being A.P.C., opening its café from November 20 to January 31.
Lifestyle
Rouje opens first boutique and restaurant
French fashion influencer-turned-designer Jeanne Damas has launched two establishments in one, the first boutique for her womenswear brand Rouje and a restaurant, both on Rue Bachaumont in Paris’ 2nd arrondissement.
Lifestyle