London-based outlet malls giant McArthurGlen is to open its first luxury designer outlet to the west of Paris in 2021. The Designer Outlet Normandie will be its fourth centre in France after an investment of €150m+.
U.S. shoppers formed long lines at store checkout counters on Black Friday, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of the holiday season.
Inter Parfums on Monday reported its updated 2019 guidance, forecasting sales to grow by 6% next year to reach $705 million, as the New York company expects to reap the benefits of new fragrance drops.
Tapestry, Inc.'s Chief Financial Officer, Kevin Wills, has announced his exit from the company. He will remain in his role until February 8, 2019, while the company begins a search for a new CFO with Spencer Stuart.