Miscellaneous
The latest news
Farfetch hit by tough conditions in Q1, but upbeat on longer-term prospects
Q1 figures for Farfetch were more muted than some of its recent results and the company warned about the near-term impact of the macroeconomic backdrop that’s currently hurting fashion businesses at all price levels.
Luxury
Landmark V&A show will celebrate Coco Chanel's fashion, beauty contribution
The next landmark fashion exhibition to be seen at the V&A in London will focus on Gabrielle Chanel. Opening next year, it will be the first time a major UK museum has dedicated an exhibit to the trailblazing designer.
Luxury
U.S. luxury retailers lean on affluent customers to avoid inflation pain
Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base.
Luxury
Latest Burberry TB Monogram campaign stars Gisele Bündchen
Burberry has unveiled its latest campaign for its TB Summer Monogram collection and has enlisted supermodel Gisele Bündchen to front the imagery that “celebrates the brand’s house code of duality”.
Luxury
Cash-strapped Britons cut back on clothing, cosmetics
As the cost of living crisis deepens, Britons have a long list of items they're cutting back on and a new study shows that top of the list is clothing.
Fashion
Marco De Vincenzo is new Etro creative chief, accessories will be key
Etro, the luxury Italian label controlled by the L Catterton fund, has named Marco De Vincenzo as its new creative director. Starting early next month, he’ll be in charge of the women's, men's and home collections.
Fashion
Celine launches a pet accessories line
The LVMH-owned brand has launched an ultra-chic pet accessories collection. Its muse is none other than Elvis, creative director Hedi Slimane’s labradoodle.
Luxury
Chanel strong in 2021 and upbeat for 2022 as it beats pre-Covid figures
Luxury giant Chanel on Tuesday reported 2021 revenues that surged 49.6% year-on-year to $15.6 billion. And it's confident it will deliver another year of solid growth in 2022.
Luxury
Harrods names new finance chief as pandemic recovery continues
Luxury department store Harrods has finally appointed its first chief financial officer in five years. Tim Parker will join the business after 10 years at Hong Kong-based, London-listed conglomerate Jardine Matheson.
Luxury
Klarna announces job cuts, 10% of posts to go
BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.
Fashion
Big luxury names still back physical retail, London, Paris, NYC are key
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”.
Fashion
Canada bans luxury goods trade with Russia, sanctions 14 other individuals
Last Friday, Canada announced a ban on trade in luxury goods with Russia, and added 14 other individuals, including known oligarchs, to the list of sanctions imposed in connection with the Russian invasion of Ukraine.
Luxury
Grosvenor's strong recovery boosted by improving retail scene
Grosvenor has delivered a significant improvement in its financial performance in the latest year. The group owns vast tracts of land in key area like London’s Mayfair, as well as the Liverpool One mall.
Fashion
Luxe sector calls for return of UK VAT-free shopping as spending plummets
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.
Fashion
Louis Vuitton and Nike Air Force 1 present new exhibition
Louis Vuitton and streetwear brand Nike are presenting an exhibition in honor of Virgil Abloh’s take on the Nike Air Force 1 sneaker from May 20 to 31 in New York City.
Luxury
Balenciaga makes historic show on Wall Street in New York
Designer Demna reimagined the excess and greed associated with the Big Apple in the eighties.
Luxury