Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base.
Abercrombie & Fitch Co on Tuesday cut its annual forecasts for sales and margins after posting a surprise quarterly loss amid a surge in freight and raw material costs, sending its shares down 30% in premarket trade.
Global beauty giant L'Oréal is finalizing the acquisition of Byredo, backed by British fund Manzanita Capital, the owner of Diptyque and Malin+Goetz, according to a report from French newspaper Le Figaro.
This Wednesday, Chanel unveiled its new experiential super-boutique in Place Vendôme, the mecca of the fine jewelry industry, and like the house’s founding designs, it feels both luxurious and yet iconoclastic.
Milanese luxury fashion resale platform Lampoo is about to make its UK debut with a retail store on London’s King’s Road. Combining both online and physical platforms, Lampoo brings the latter to Chelsea.
Founded by the French entrepreneur Beverly Sonego, Monogram Paris aims to internationalize its second-hand brand concept. It is being tested throughout May on the American market, in New York and Los Angeles.
After being held in Milan last October, the trade fair is now heading to Berlin for the first time on May 17 and 18, featuring 80 exhibitors at Arena Berlin and a digital trade fair running in parallel.