LFW's Designer Showrooms may have had less attention than the big runway names, but it continued to do what it always does - shining a spotlight on young and promising labels from the UK and further afield.

Karl Lagerfeld, fashion’s first global superstar designer and the creative director of Chanel for the past three decades, passed away this morning, Tuesday, Feb. 19, in Paris.

African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.

Danish jewellery firm Pandora has named Alexander Lacik to lead a company-wide transformation programme designed to “reignite a passion for Pandora”.

Greek jewellery maker Folli Follie’s board has approved a revised restructuring plan proposed by a group of bondholders in a bid to save it from collapse.

A major investor in London department store Liberty is exploring a sale of its stake in the business, according to a report, with private equity company BlueGem having “asked UBS to sound out prospective bidders.”

The luxury shopping destination has named the four emerging brands that will take part in its mentoring programme The Vanguard for the Spring Summer 2019 season.

Luxury goods group Kering joined competitors in defying concerns of waning demand in China, as momentum at its powerhouse Gucci slowed slightly in the fourth quarter but still outperformed most other fashion brands.

Spending on Valentine's Day will rise only marginally this year and food and drink will be the big beneficiary rather than fashion. But jewellers should also see a spending uplift.

The department store chain has announced that it will open a luxury cannabis lifestyle concept, The High End, at its Beverly Hills flagship in March, the first initiative of its kind launched by a major US retailer.