Expect another year of rapid growth at LVMH, insisted Bernard Arnault, chairman of LVMH, at the group's AGM. Though he called reports that LVMH executives had held talks with the owners of Chanel “fake news.”
Selfridges Group isn't only spending heavily to upgrade its London and Birmingham flagships and it will also invest €11m in Dublin department store Arnotts as it refurbishes the building and upgrades its tech.
Swiss watchmaker Audemars Piguet is on track to hit 1 billion Swiss francs ($1.04 billion) in global sales this year, the firm’s chief executive said, amid a revival in luxury demand in China driving up watch sales.
House of Fraser is under huge pressure at present and the latest initiative for the chain shows management is thinking both flexibly and globally as it links with its parent to launch premium Chinese brands in the UK.