A raft of major stores are extending opening hours in a final push for pre-lockdown sales ahead of Thursday's deadline, with non-essential retailers set to face £2 billion in lost pre-Christmas weekly sales.
As Frasers Group continues to pivot more towards the upper end of the market, it has more than doubled its stake in luxury leather goods maker Mulberry.
Eyewear giant Safilo’s Q3 results on Wednesday showed growth in net sales and profitability that was “led by the rebound of North America and a surging online business”.
Zalando delivered its Q3 results on Wednesday and showed that, like other online fashion retailers, it's been a key beneficiary of the changes that have happened this year. It's also better prepared for the second wave.
As it seeks to expand its presence in the region, the American luxury fashion label has appointed Thibault Villet as its new president for Asia-Pacific, effective December 28.
Fortnum and Mason has found a new CEO with Matchesfashion’s Tom Athron set to join in the post on December 1. The appointment comes after Ewan Venters announced in September that he would leave the company in January.
Burberry is diving even deeper into the online gaming sector, announcing a partnership with China’s Tencent Games.
Frasers Group-owned luxury chain Flannels has unveiled its AW20 campaign that’s fronted by supermodel Jourdan Dunn, as well as “two of the country’s brightest upcoming male talents”.
The second hand luxury market is gaining momentum. Our LuxurynsightXFashionNetwork podcast guest Maximilian Bittner, CEO of Vestiaire Collective since last year, shares his perspective on the sector’s potential.
German fashion giant Hugo Boss returned to profitability in Q3 and also said that it was focused on business recovery via digital channels and in China as pandemic-linked uncertainty continues.
As news continues to swirl around Alibaba’s interest in Farfetch, on Tuesday it emerged that investment company Eurazeo has completed the sale in the market in recent days of all its shares in the luxury e-tailer.
Alibaba Group Holding Ltd is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd, the Information reported on Monday, citing people familiar with the matter.
French luxury brand Dior has collaborated with Snapchat to allow its users to test their new models from the comfort of their own homes.
Frasers Group CEO Mike Ashley is reportedly angry at being “excluded” from the Debenhams auction saying data provided about the business was “woefully inadequate” and too vague to allow him to bid.
Dr Martens is focusing on young creative talent in the UK and Europe with a new campaign. Called Dr Martens Presents, it starts with a partnership with Liverpool independent radio station Melodic Distraction.
