If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods with Rolex, Louis Vuitton and Gucci featuring among the brands whose counterfeits are the most popular online.
UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
Building on its “long-term commitment to ensure more sustainable and circular practices”, Net-A-Porter and Mr Porter have entered the pre-owned luxury watches market with Watchfinder & Co for the US market.
Luxury Swiss watchmakers, usually not fans of online retailing, are launching a new digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis.