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Luxury

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Richemont opens first Jaeger-LeCoultre boutique in Madrid

Richemont opens first Jaeger-LeCoultre boutique in Madrid

The Swiss luxury watchmaking company, which has corners in El Corte Inglés in Spain, has set up shop at number 11 of José Ortega y Gasset street in Madrid.
Luxury
Agnelli's Exor appoints Hermes CEO as board member in latest luxury push

Agnelli's Exor appoints Hermes CEO as board member in latest luxury push

Exor, the holding company of Italy’s Agnelli family, said on Tuesday it has appointed Axel Dumas, CEO of French fashion house Hermes , as a non-executive board member, its latest move in the luxury sector.
Luxury
Celine launches a pet accessories line

Celine launches a pet accessories line

The LVMH-owned brand has launched an ultra-chic pet accessories collection. Its muse is none other than Elvis, creative director Hedi Slimane’s labradoodle. 
Luxury
Ralph Lauren expects margins to grow on resilient luxury demand

Ralph Lauren expects margins to grow on resilient luxury demand

Ralph Lauren Corp forecast full-year revenue above estimates on Tuesday, as demand for its affordable luxury goods from the affluent in the United States and Europe stays strong.
Luxury
Chanel strong in 2021 and upbeat for 2022 as it beats pre-Covid figures

Chanel strong in 2021 and upbeat for 2022 as it beats pre-Covid figures

Luxury giant Chanel on Tuesday reported 2021 revenues that surged 49.6% year-on-year to $15.6 billion. And it's  confident it will deliver another year of solid growth in 2022.
Luxury
Harrods names new finance chief as pandemic recovery continues

Harrods names new finance chief as pandemic recovery continues

​Luxury department store Harrods has finally appointed its first chief financial officer in five years. Tim Parker will join the business after 10 years at Hong Kong-based, London-listed conglomerate Jardine Matheson.
Luxury
Delivery issues are deal-breakers for most marketplace e-shoppers - report

Delivery issues are deal-breakers for most marketplace e-shoppers - report

​Delivery systems that can be trusted have always been essential for online retailers in keeping consumers happy. But research shows delivery is now one of the biggest deal-breakers.
Luxury
Stella McCartney's groundbreaking Mylo-based bag goes on sale in July

Stella McCartney's groundbreaking Mylo-based bag goes on sale in July

​Stella Mccartney will take a key step forward in the use of vegan leather on July 1 with the label set to launch the Frayme Mylo bag at retail on that day.
Fashion
Liberty London uses robotic process automation to get products onto webstore faster

Liberty London uses robotic process automation to get products onto webstore faster

​Part of department store Liberty London’s appeal may be its traditions and its ‘old world’ charm, but the business is continuing to embrace technology as it moves forward post-pandemic.
Luxury
Klarna announces job cuts, 10% of posts to go

Klarna announces job cuts, 10% of posts to go

​BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.
Fashion
West End landlord Shaftesbury hails footfall recovery, rising property values

West End landlord Shaftesbury hails footfall recovery, rising property values

​Shaftesbury, the West End property giant that's in talks about a merger with Capco, has reported what might be its last set of results before a merger is unveiled with footfall up and its portfolio value growing.
Fashion
Big luxury names still back physical retail, London, Paris, NYC are key

Big luxury names still back physical retail, London, Paris, NYC are key

Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.
Fashion
Kravis Dolce & Gabbana-hosted wedding takes the media by storm

Kravis Dolce & Gabbana-hosted wedding takes the media by storm

Over the last few days, the ceremony garnered over $47 million in Media Impact Value (MIV) across almost 11,000 placements, according to figures recorded by data analysis specialist Launchmetrics. 
Luxury
Yet another deal for Castore as it links with 24 Hours of Le Mans

Yet another deal for Castore as it links with 24 Hours of Le Mans

​British sportswear company Castore is clearly a business on a mission — to reach out to as many consumers as possible by links with the specific sports they love. And its latest deal is with 24 Hours of Le Mans.
Fashion
Canada bans luxury goods trade with Russia, sanctions 14 other individuals

Canada bans luxury goods trade with Russia, sanctions 14 other individuals

Last Friday, Canada announced a ban on trade in luxury goods with Russia, and added 14 other individuals, including known oligarchs, to the list of sanctions imposed in connection with the Russian invasion of Ukraine.
Luxury
Nike vs. Adidas: Which sports brand will win the battle for designer fashion?

Nike vs. Adidas: Which sports brand will win the battle for designer fashion?

The rivalry between sportswear giants Nike and Adidas is nothing new, but it seems to be taking a new turn thanks to some of the world's biggest fashion houses.
Luxury