The growing importance of ‘hard luxury’ was further illustrated on Thursday as Yoox-Net-A-Porter’s high-end menswear arm Mr Porter announced the launch of its new watches offer combining commerce with content.
House of Fraser has revealed its CVA and the worst fears of its staff and landlords have been realised as it has confirmed that it wants to close 31 stores, including its longstanding flagship on London's Oxford Street.
The Honest Company announced it has received a $200 million strategic investment from consumer-focused private equity firm L Catterton. Honest Beauty will roll out in 7 European countries starting next spring.
House of Fraser kept everybody who is following the story of its CVA plans on tenterhooks Wednesday with the expected update not materialising by close of business but rumours suggested over half its stores will close.
The company behind some of the biggest watch and jewellery names in the UK is reported to be gearing up for a stock market listing and has spoken to investment banks with plans to list either in London or Zurich.