HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.
Swedish “buy now, pay later” company Klarna on Thursday reported a jump in transactions using its platform and in net operating income in 2020, helped by its expansion in the United States and other markets.
The house of Saint Laurent returned to Morocco, the home away from home and source of inspiration of its founder Yves, and the setting for a stylish collection by its current creative director Anthony Vaccarello.
The US executive, who has made a name for himself in top roles for leading luxury groups like Prada, LVMH and Valentino, is the new CEO of Trussardi. His main goal is to promote the label’s expansion in foreign markets.
The brand has put together an impressive video, where models leap acrobatically around some of Paris' most beautiful monuments at sunset, all while wearing the label's menswear collection for Spring/Summer 2021.
Two big names are making strides in what were once ‘alternative’ approaches to retail. Selfridges and John Lewis have entered product rental while the former has also unveiled an even bigger focus on sustainability.