UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.
Carla Sozzani, noted retailer, gatekeeper to the Azzedine Alaïa archives and all-round fashion legend, has a new project. The Italian lady opened her own Fondazione Sozzani Monday night in an unexpected neighbourhood.
In its 200th year, the world’s oldest shopping destination is adding a raft of new brands with London’s luxury Burlington Arcade announcing the arrival of Christian Louboutin, Harrods, Mou London and Baudoin & Lange.
As consumers increasingly focus on diversity at the stores they patronise, e-tail giant Zalando has announced that it’s aiming for “balanced gender representation in its senior management with wider moves also coming.
As exclusive collaborations become more important to luxury e-tailers in a world where consumers can access product from anywhere, Net-A-Porter and Jimmy Choo have worked on an exclusive collaboration for the first time.
Up-for-sale Australian brand RM Williams’ earnings are forecast to more than triple by 2024 said investment bank Goldman Sachs in a pitch sent out to attract interest from potential trade and private equity buyers.