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The latest news
Burberry doubles down on Britishness for 'next phase', Lola bag is best seller
Burberry is entering “the next phase”, the luxury company said when delivering its interim results on Thursday, with still-new CEO Jonathan Akeroyd preparing for an evolved approach under Daniel Lee.
Luxury
Burberry looks to reignite spark under new leadership duo
Burberry's new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals.
Luxury
Instagram looking into issues after user complaints
Meta Platforms Inc's Instagram said on Monday it was looking into an issue preventing thousands of its users from accessing the photo-sharing application.
Fashion
Harrods set to match pre-Covid sales this year after reporting return to profit
Harrods’ results for the year to the end of January, showed the company recovering from the pandemic, despite ongoing issues related to the global health crisis during the period.
Luxury
Parliamentary committee says end to VAT-free tourist shopping a mistake
An influential Parliamentary committee has slammed the Government's decision to not reintroduce VAT-free shopping for tourists, calling it a "spectacular own goal". There are now calls for an independent assessment.
Fashion
Affluent splash out on pricey Birkin bags but clouds loom
Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags and high-end perfumes, trading updates from Hermes, Kering, and L'Oreal showed on Thursday.
Luxury
Battersea Power Station attracts 250,000+ visitors on opening weekend
The reopening of Battersea Power Station (BPS) as a supermall and leisure destination last Friday resulted in a surge of visitors who added up to more than a quarter of a million people over the opening weekend.
Fashion
The Thin Line: The company that wants to turn Lanzarote into a luxury travel destination
The company specialising in fashion and luxury experiences is opening its eighth shop in Puerto del Carmen in order to boost the island's potential and its own business, which already generates a turnover of €20 million.
Luxury
UK's VAT-free shopping for tourists axed again as mini-budget unravels
In a massive blow to the retail sector, the UK's new Chancellor, Jeremy Hunt, has undone one of the most significant measures for retail of the now-notorious mini budget that had been unveiled in September.
Fashion
TikTok plans U.S. fulfilment centers
Chinese short-video content platform TikTok is reportedly looking to rollout several fulfilment centers across the U.S., according to dozens of job postings on LinkedIn for roles in fulfilment.
Fashion
EU says Shopify to improve platform to make online shopping safer
The European Commission said on Friday e-commerce business Shopify has committed to put in place improvements aimed at making online shopping safer for customers, according to a statement.
Fashion
Uniqlo sets out to win over Madrid's tourists with a new store on Gran Vía
The 2,200 square meter store is set to open its doors to the public on October 6, offering services such as item customization and repairs.
Lifestyle
Reports suggest UK shopping tourism booms as pound value drops
Anecdotal evidence suggests that while the plunging value of the pound may be bad news, it has an upside. American tourists are taking advantage of the situation to book shopping trips to the UK.
Fashion
Prisma Media to launch French edition of Harper's Bazaar in March
Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.
Fashion
Retailers push for VAT-free shopping return to be fast-tracked
The UK retail euphoria around news that VAT-free shopping for tourists is returning and will include EU visitors has been tempered by suggestions it won’t happen until 2024. But retail is pushing for an earlier date.
Fashion
UK to launch VAT-free shopping for all overseas tourists as mini-budget is unveiled
In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.
Fashion