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Harrods transaction values halved in pandemic, retailer swung to loss
Luxury department store Harrods has filed its accounts for the year to the end of January 2021 and they show just how big an impact closed borders and lockdowns had on its business.
Fashion
Why visiting Thierry Mugler: Couturissime is essential
Ever since it opened during last month fashionistas, fans and tourists have chorused that the retrospective Thierry Mugler: Couturissime inside the Musée des Arts Décoratifs in Paris is essential viewing.
Fashion
Dior’s full court press: Unveils uber luxe spa, fetes Cordelia de Castellane
Dior went into full court press in the first 48 hours of Paris Fashion Week – unveiling its new Cheval Blanc spa, feting its Dior Home and Kids creator Cordelia de Castellane, and unveiling a Miss Dior floral pop-up.
Fashion
End of tax-free shopping perk hits UK's luxury destination status
There were many warnings and they seem to be coming true. When the UK ended the tax-free shopping perk for tourists, it was feared international tourists would shun Britain. A new survey suggests they’re doing that.
Luxury
Hermès bounces back as H1 beats both 2020 and 2019
Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.
Luxury
Selfridges is up for sale, offers over £4bn sought
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”.
Luxury
Liberty hit hard by flagship Covid closure, but online booms
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.
Fashion
Karl Lagerfeld to open Marbella luxury villa estate in 2021
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.
Luxury
Mulberry to exit Paris store, but will open new location when tourism re-starts
Luxury group Mulberry said on Tuesday that its wholly owned French subsidiary is to end the lease of its store at 275 Rue Saint Honoré and exit the property early.
Luxury
Walgreens Boots Alliance has better Q3 as Boots recovery starts
Boots owner Walgreens Boots Alliance said its Q3 results exceeded expectations and it raised its full-year guidance to around 10% growth in earnings per share (EPS).
Beauty
Luxury is recovering, China and US are key, Europe stays cautious
The global luxury market is gradually recovering and should return to pre-pandemic levels by next year, a new report shows.
Luxury
Brand values soar in pandemic, Nike, ASOS, Uniqlo and Vuitton all prosper
The world's most valuable apparel and luxury labels saw their values surging during the pandemic, according to Kantar’s BrandZ Most Valuable Global Brands 2021 report released Monday.
Fashion
Oxford Circus to 'rival Times Square' in transformation drive
An ambitious plan to transform Oxford Circus into pedestrian-friendly piazzas has been announced with an international design competition kicking off to decide just how the key shopping area will look for decades ahead.
Fashion
Selfridges owners reportedly mull sale with £4bn price tag
Selfridges is reportedly up for sale — or at least its owners are exploring their options — after a mystery buyer approached the business with an offer, reports claimed on Friday.
Luxury
Rimowa x Chaos collab unveiled as travel is back on the agenda
LVMH-owned luggage brand Rimowa has launched a collab with London-based accessories label Chaos. The company said the two labels are “united by their common appreciation for luxurious design and innovative solutions”.
Luxury
Richemont profits surge despite sales dip, fashion labels get online boost
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
Luxury