John Lewis’s plan to boost menswear has taken a major step forward with the opening of its revamped Oxford Street, London flagship, with a VIP aspect, styling and grooming advice and a new fitting room approach.
The American cosmetics retailer announced increased sales and diluted earnings per share for the third quarter on Thursday, beating analysts’ expectations and sending shares in the company up 8% in the extended session.
Millennial and Gen Z consumers, especially from Asia, plus the growth of online, a booming secondhand market, and a desire for social responsibility are all pushing growth higher in the luxury market, a new study shows.
Victoria Beckham’s fashion business remains loss-making and the latest accounts, for 2018, show that its losses widened last year as sales fell. But it also talked of profitable Q4 EBITDA for the current year.
Bvlgari and Save the Children are celebrating the tenth anniversary of their partnership with the #GiveHope campaign, which has brought together a myriad of stars including Eva Green and Lily Aldridge.
Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.
The international fragrance company responsible for the perfume offerings of brands including Montblanc, Jimmy Choo and Coach, expects to report revenues of 500 million euros ($554 million) in 2020, up 4.2% from 2019.
Britain’s Hut Group has grown remarkably fast over the past decade, and it hopes the launch of two new debt facilities will give it the further boost it needs to become the global leader in online beauty.
At a time when every major luxury group wants to buy a niche perfume brand, few indie scent houses have been performing as enticingly as Memo International - whose three marques are all rapidly expanding worldwide.