In 2018, 265 merger and acquisition operations were recorded in the luxury industry, chiefly in Europe, in the hotel and the beauty sectors. Disruptive and digital technologies will drive investment in 2019.
According to a survey conducted by Deloitte, clothing and accessories are expected to account for 54% of all back-to-school spending in the U.S. this year, which should total around $27.8 billion, or $519 per student.
Paris Saint-Germain announced on Friday that it has extended its partnership with American sportswear giant Nike into 2032, signing the "biggest sponsorship agreement" in the French football club's history.
Fashion chain Karen Millen is considering a sale after having had a number of unsolicited takeover approaches with Deloitte reportedly having been called in to review the options available to the retailer.
Walmart, the world's largest retailer and the country's biggest private sector employer, on Friday revealed plans for a new corporate campus, joining rivals Amazon and Apple in expanding their corporate campuses.
It's now more than a month since Links of London was reportedly close to collapse and was said to be mulling a CVA to help it survive. But a new report said owner Folli Follie is trying to find a buyer for the chain.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.