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.
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.
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.
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.
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.
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.
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.
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.
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.