Victoria Beckham’s fashion business remains loss-making and the latest accounts, for 2018, show that its losses widened last year as sales fell. But it also talked of profitable Q4 EBITDA for the current year.
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.
Rinaldi became co-chief operating officer of the luxury retail group alongside Manju Malhotra in 2017. Malhotra will remain in her role, working alongside the management board to ensure the group continues to thrive.
Chanel has pushed up the date of its next Métiers d’Art show, as Paris braces for a new series of transport strikes in December. Originally scheduled for Thursday, December 5, but now advanced to Wednesday, December 4.
JP Hackett has opened the Savile Row townhouse location that it announced earlier this year with the high-end menswear brand adding further to its central London offer as the nearby Jermyn Street location remains open.
Burberry has introduced a new global parental leave policy and will offer all employees 18 weeks of parental leave at full pay and the opportunity to work a 30-hour week at full pay for four weeks on their return.
In response to the challenge issued by Gucci CEO Marco Bizzarri, the digital-first luxury consignment marketplace has announced that it is accelerating its sustainability plans and now aims to be carbon neutral by 2021.