After seven years with Rémy Cointreau, the French executive has taken the helm of the travel retail business for the luxury giant’s Beauty division. Farnier has a 30-year-plus experience in the luxury goods market.
Major London shopping and tourist destination Camden Market is up for sale with a £1.3 billion price tag, according to a news report. The historic North London destination attracts around 30 million visitors a year.
Some six months after the passing of its menswear creative director, Louis Vuitton displayed another nine looks designed by the late Virgil Abloh in the house’s Fall-Winter 2022 Spin-Off Show of menswear held in Bangkok.
Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.
Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Amazon.com Inc, the second-largest U.S. private employer, told its staff on Monday it will pay up to $4,000 in travel expenses annually for non-life threatening medical treatments including abortions, reports said.
From Dior to Chanel, Bottega Veneta to Louis Vuitton, luxury houses and brands such as Diesel or Drome are multiplying their artistic initiatives in Venice, where the 59th Art Biennale has just kicked off.
Luxury giant Hermès was the latest big name to update on recent trading on Thursday and it reported what we’ve seen elsewhere so far this year — “strong sales momentum across all business lines in all areas”.
Swiss duty-free retailer Dufry expects to reopen more than 90% of its sales capacity by April as travel rebounds from the pandemic slump, it said on Tuesday, after its 2021 turnover met its worst case scenario forecast.
Hermès was the latest luxury group to signal a strong recovery on Friday with the French firm’s Q4 and full-year sales highlighting the resilience of the biggest global luxury names both during and after the pandemic.
As retailers continue to campaign against the UK's changes to VAT-free shopping rules, new analysis from GlobalData claims Britain will lose its top spot in the European ‘duty-free’ market as spend falls 70% by 2025.