As the opening of London’s latest major retail development draws ever closer, the company behind Battersea Power Station has announced a raft of new brands that have signed up, including a number of big names.
Thailand’s Central Group and Austria-based Signa Holding have completed the acquisition of luxury retailer Selfridges Group from the Weston Family and it’s now being integrated into their wider operations.
Global eyewear design house Inspecs said its H1 results would have been much better but for exchange rates. In a nutshell, solid European business was affected by a “rapid decline” in the euro against the US dollar.
It was news UK retailers didn’t want. Almost 2,000 workers at Felixstowe port have begun an eight-day strike in a fresh round of industrial action hitting the economy, raising fears of new supply chain disruption.
British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed Friday, but fashion sales fell and sales volumes look set to resume their decline.
Tapestry Inc and Estée Lauder Cos Inc forecast full-year earnings below estimates on Thursday, spotlighting the hit America's luxury goods companies are taking from China's Covid-19 lockdowns.
Frasers Group has made a cash offer to buy MySale Group, the flash sale business in which it already has a substantial stake.
Irish consumer sentiment slipped marginally to hover at a 22-month low in August as respondents said they expected to further cut back on major purchases in the coming months, a survey showed on Thursday.
Japanese designer Hanae Mori, who cracked the Parisian haute couture world and was dubbed "Madame Butterfly" for her signature motif, has died in Tokyo aged 96.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
British luxury brand Burberry has received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target.
Pandora, the world's largest jewellery maker, said on August 16 it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds.
The good news just keeps flowing from Watches of Switzerland Group with the company on August 16 issuing a buoyant trading update for the 13 weeks to the end of July.
The board of Dubai's Emaar Properties, which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on August 15.
Ranra has walked away with the fourth Zalando Sustainability Award during Copenhagen Fashion Week. Its genderless collection “focused on longevity and used exciting techniques with textiles and dyes”.
