With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September.
Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
The ‘Exclusive Live Shopping’ video service links up individual customers at their homes with shop assistants at the department store’s boulevard Haussmann branch; 120 brands are participating in the initiative.
The LVMH CEO is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of Tiffany & Co, as U.S. social unrest and the coronavirus pandemic weigh on the retail sector.
Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Shopping malls giant Unibail-Rodamco-Westfield has made “strong progress” with its mall reopenings globally with 65 of 90 now open. And indications are that footfall and trade is stronger than expected in many countries.
Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
LVMH's $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market brought on by a global pandemic and severe social unrest.
YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Celebrity favourite Hunter Boots has clinched a rescue following a sales plunge due to the coronavirus crisis. A further £16.5m is being pumped into the firm to keep it going and growing through the crisis and beyond.