Luxury
The latest news
LVMH’s Métiers d’Art division buys majority stake in Italian leather specialist Nuti Ivo
LVMH has recently acquired a majority stake in Italian leather specialist Nuti Ivo S.p.A, which has now become part of the world's number-one luxury group's Métiers d’Art division.
Luxury
Appeal of quiet luxury trend confirmed by JOOR wholesale data
The quiet luxury trend has been making a big impact this year, despite some scepticism about its durability, but wholesale data appears to show it’s being backed by retail buyers.
Fashion
YMC announces death of co-founder
YMC — the London-based independent retail brand whose initials stand for You Must Create — has announced the death of its co-founder Fraser Moss. The company said Moss died on 27 May.
Fashion
Sneaker marketplace Laced raises new funding
Laced — the British sneaker marketplace — is aiming to make access to in-demand products fairer and has raised £10 million/€11.2 million to help it do that.
Fashion
Physical stores boom, but don't neglect omnichannel says retail think tank
The members of the KPMG/Ipsos Retail Think Tank (RTT) have been looking at the retail market again and are questioning whether an online-only model is still viable.
Fashion
UK consumers are festival-focused, fashion is key says eBay research
As festival season gets under way in the UK, new research shows that consumers are more focused on festivals this year than on holidays, and this is a key development for the fashion sector.
Fashion
Dr Martens admits mistakes but stays confident for future growth
Results from Dr Martens contained a mix of good news and bad, but too much of the latter. However, the company is generally headed in the right direction on many fronts despite areas of weakness that must be addressed.
Fashion
Cavalli kicks off summer collection tour with Selfridges show and pop-up
There are special collections and really special collections and the latest from Roberto Cavalli, that’s set to make waves at Selfridges, is undeniably one of the latter.
Luxury
Rebag partners with Christie’s auction house
Rebag, the digital-first resale platform for designer handbags and accessories, has partnered with Christie’s auction house on an exclusive auction offering.
Luxury
PVH sales beat Q1 guidance, affirms full-year outlook
PVH Corp. announced on Wednesday first-quarter revenue increased 2% to $2.158 billion, prompting the owner of Calvin Klein and Tommy Hilfiger brands to affirm its full-year guidance.
Fashion
Nordstrom delivers surprise profit as inventory woes ease
Nordstrom Inc posted a surprise first-quarter profit on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending.
Luxury
Michael Kors owner Capri cuts revenue forecast as US demand wavers
Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9% in early trading.
Luxury
Watches of Switzerland announces deal with William Wood
The Watches of Switzerland Group has partnered with the British luxury brand William Wood Watches, known for its commitment to upcycling and charity work.
Luxury
TAG Heuer arrival at Liverpool One is LVMH's first dedicated partnership in city
Property giant Grosvenor hasn’t had to persuade David M Robinson (DMR) how good its association with the Liverpool One mall is. The British luxury jewellery retailer is set to open its third store there.
Luxury
The Fold launches campaign with Manchester City Women’s team
As a women’s luxury workwear brand “that empowers self-belief, elevates workwear and champions ambition”, The Fold is big on high-profile link-ups.
Luxury
Hermès fetes year of Astonishment in the Camargue
To thine own self be true, which Hermès certainly was with Astonishing Hermès - a performance art, equestrian ballet homage to the noble horses in the Camargue, Europe’s greatest wetland, on Tuesday evening.
Luxury