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Hermès opens first Michigan store in Troy

Hermès opens first Michigan store in Troy

The Parisian luxury brand has opened its first location in Michigan, at the Somerset Collection mall, in the northern suburb of Metro Detroit, Troy, revealing a store design that channels the landscape of the Midwest.
Luxury
Stella McCartney heads to G7, at BFC Forum says eco is "the future of fashion"

Stella McCartney heads to G7, at BFC Forum says eco is "the future of fashion"

One of fashion’s biggest names has issued a warning to the fashion sector not to get too complacent about current green drives as there’s a lot more work to be done, with legislation also needed. 
Fashion
Klarna raises new finance, value approaches $46bn

Klarna raises new finance, value approaches $46bn

​Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
Fashion
Selfridges owners reportedly mull sale with £4bn price tag

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
Large number of Oxford Street units are empty - report

Large number of Oxford Street units are empty - report

Some 17% of Oxford Street’s properties are currently standing empty, it was claimed on Thursday, with the reason being about the rise of online shopping as well as the pandemic.
Fashion
Burberry speeds up green goals, to be "climate positive" by 2040

Burberry speeds up green goals, to be "climate positive" by 2040

​Burberry said on Thursday that it would be “climate positive by 2040”, the new sustainability ambition making it the first luxury brand to aim for that target, it added
Luxury
Italian police probe subcontractor to Burberry over labour exploitation -warrant

Italian police probe subcontractor to Burberry over labour exploitation -warrant

Italian police have arrested a Chinese couple accused of running a leather goods business which exploited immigrant workers it employed to make handbags for a Burberry supplier, according to an arrest warrant.
Luxury
Luxe brand Crémieux opens on London's Savile Row

Luxe brand Crémieux opens on London's Savile Row

Bringing a touch of ‘Tropezian heritage’ to London’s high-end Savile Row is luxury menswear brand Crémieux’s aim. The family-owned business has opened its first UK store at 37 Savile Row.
Luxury
Lockdown end means UK online sales drop, but fashion is still on a high

Lockdown end means UK online sales drop, but fashion is still on a high

​Online sales in the UK fell 9.1% year-on-year last month, although this was against a 61% increase in May 2020. And even with the fall, spend remain strong with sales volumes rising 46% compared to May 2019.
Fashion
Mytheresa links with Vestiaire Collective for major resale launch

Mytheresa links with Vestiaire Collective for major resale launch

​Luxury e-tailer Mytheresa unveiled a partnership with upscale resale specialist Vestiaire Collective on Wednesday, the latter operating a resale service for the webstore’s customers. 
Luxury
Sequoia Capital invests in Canada's Ssense, values firm at C$5bn+

Sequoia Capital invests in Canada's Ssense, values firm at C$5bn+

​Canadian e-tailer and tech platform Ssense has received a major funding boost with investment firm Sequoia Capital taking a minority stake in a deal that values the business at more than C$5 billion.
Fashion
Kering accelerates circularity drive

Kering accelerates circularity drive

The French luxury group has published a report on the circular economy, outlining its ambitions in this domain and adding a new element to its sustainable development strategy.
Luxury
Copenhagen Fashion Week announces SS22 line-up

Copenhagen Fashion Week announces SS22 line-up

Copenhagen Fashion Week’s return to a physical format for SS22 comes with a strong line-up of labels showing at the event from August 10-13. There will be 38 labels showing, including established names and new talent.
Fashion
Balenciaga: For Spring 2022, non-conformist clones and a Gucci collab

Balenciaga: For Spring 2022, non-conformist clones and a Gucci collab

The entire audience was all dressed essentially in conformist black for the latest iconoclastic show video of Balenciaga, a Spring 2022 collection revealed in a show video this weekend that was worn by just one model.
Luxury
Prevayl gets funding boost to grow tech-based luxe sportswear offer

Prevayl gets funding boost to grow tech-based luxe sportswear offer

Prevayl, a luxe ‘smart’ sportswear company, has raised £7.5 million to help drive its launch and expansion with the firm's products set to debut on the market during Q4.
Fashion
Brooklyn Museum to welcome major Dior retrospective this fall

Brooklyn Museum to welcome major Dior retrospective this fall

After successful runs in Paris, London and Shanghai, the Christian Dior: Designer of Dreams exhibition touches down in New York this September, bringing over 200 haute couture garments to the Brooklyn Museum.
Luxury