No one could fault the latest crop of designer showing, in New York, for effort. In a busy Monday, with almost 30 collections, their arty videos and polished ideas were a reminder of how hard people have been working.
Burberry has become the latest British company to pay back government money it used during the Covid crisis last year. The company has reportedly repaid a £300 million Bank of England loan earlier than it needed to.
The Italian fashion group has created a new managerial position charged with leading its on and offline image, a role that the company has confided to Alan Prada, who is best known for his experience in the press.
Retailers had been expecting a steady shift towards online shopping for some time, but the impact of the pandemic changed retail fast and the UK saw the equivalent of five years of e-tail sales growth in only a year.
Opening Ceremony may have closed down its destination boutique in Soho last spring, but the brand is very much alive and kicking, as the latest collection from its founders – Carol Lim and Humberto Leon - trumpets.
As many luxury brands struggle, we spoke to Sergey Arkhangelskiy, boss of Reality technology start-up Wanna – which is working with the likes of Gucci, Farfetch and Puma – and aiming for a 200% growth rate this year.
If customers can’t come to the store, why not dial up the online performance? That’s what Tommy Hilfiger’s flagship Regent Street, London, store has done with the introduction of a virtual shopping service.
The owner of London’s Westfield shopping centres said on Wednesday it would massively trim down its US presence and complete a remaining €3.2 billion-worth of European asset disposals before the end of 2022.