High-end e-tail giant Yoox Net-A-Porter has named Nisreen Shocair as its CEO, Middle East. She joins with “extensive global retail and e-commerce expertise, holding senior positions in the UAE and New York”.
Watches of Switzerland has restructured its top management team due to the impending retirement of its COO Tony Broderick. Craig Bolton has been prompted to oversee the UK unit while David Hurley runs the US arm.
Luxury consumers are embracing the concept of resale and only a tiny 16% feel there’s a stigma in wearing pre-owned items. That’s according to a study conducted among 400 affluent consumers in the UK, US and France.
Craftsmanship takes pride of place in the latest offering from Blancpain for the Chinese New Year, with the launch of the Swiss luxury horologist's first ever porcelain dial on a limited-edition watch.
The boss of Harrods said the retailer is “well placed to take advantage of” the younger shopper who wants “to have really great quality beauty” and is upbeat about the chances for the firm’s new beauty chain.
Sales to global shoppers are continuing to grow in London but while its status as the key destination is undiminished, it has lost share to Birmingham and Manchester this year, says tax-free payments specialist Planet.
Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the watch maker from supplying watch mechanisms to other companies during 2020.
The Italian luxury label has deployed a new strategy designed to concentrate its jewellery sales exclusively in its own stores, while also reducing the presence of its watches and fragrances in multibrand retailers.