Expect another year of rapid growth at LVMH, insisted Bernard Arnault, chairman of LVMH, at the group's AGM. Though he called reports that LVMH executives had held talks with the owners of Chanel “fake news.”
Selfridges Group isn't only spending heavily to upgrade its London and Birmingham flagships and it will also invest €11m in Dublin department store Arnotts as it refurbishes the building and upgrades its tech.
Asos is going from strength to strength with sales and profits both rising strongly. And product initiatives are paying off, while a new relationship with Estée Lauder should boost it in the beauty arena.
Clothing down. Footwear down. Health and beauty down. That was the picture of UK retail last month as ongoing bad weather meant interest in sarongs, sandals, sun cream and spring/summer fashion generally was at a low.