Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
The year to early April was a largely good one for luxury group Burberry, despite the undeniable challenges that it faced during the 53-week FY22 period and the pandemic causing problems in China during Q4.
Millennial and Gen Z locals are forecast to drive luxury market growth in the Asia-Pacific region, according to GlobalData, as internet penetration levels and social media brand engagement increases in the region.
Farfetch's luxury fashion store Browns has released its AW22 trend report and an overriding theme is a focus on sustainability, while a return to full-on glam party dressing, platform shoes and rebooted denim are key.
The house of Pucci has unveiled the debut campaign featuring the first collection by its new creative director Camille Miceli, shot by photographer Lachlan Bailey during the new collection launch in Capri.
Harrods is imposing sanctions on its Russian customers, restricting their spending capacity at the luxury London department store. The retailer will no longer sell them “luxury goods” worth more than £300.
Luxury fabric resale platform Nona Source has launched its first UK showroom at The Mills Fabrica in London. The platform re-values deadstock fabrics and leathers from LVMH Fashion & Leather Goods Maisons.