×

Luxury

The latest news

LVMH propels Arnault scion to head up Tag Heuer watches

LVMH propels Arnault scion to head up Tag Heuer watches

LVMH on Thursday said that Frédéric Arnault, one of the younger sons of the luxury goods group's billionaire boss, would take over running watch brand Tag Heuer.
Luxury
LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Fashion
Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Fashion
Prince Dimitri of Yugoslavia to launch memoirs in New York this September

Prince Dimitri of Yugoslavia to launch memoirs in New York this September

NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September. 
Luxury
Canada Goose lowers reliance on department stores in recovery push

Canada Goose lowers reliance on department stores in recovery push

Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
Luxury
Parisian department store Galeries Lafayette Haussmann launches personalised remote shopping

Parisian department store Galeries Lafayette Haussmann launches personalised remote shopping

The ‘Exclusive Live Shopping’ video service links up individual customers at their homes with shop assistants at the department store’s boulevard Haussmann branch; 120 brands are participating in the initiative.
Luxury
LVMH's Arnault mulls ways to renegotiate deal with Tiffany - sources

LVMH's Arnault mulls ways to renegotiate deal with Tiffany - sources

The LVMH CEO is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of Tiffany & Co, as U.S. social unrest and the coronavirus pandemic weigh on the retail sector.
Luxury
New rental service The Devout to launch this month

New rental service The Devout to launch this month

British start-up The Devout is launching a fashion rental subscription, offering consumers the option to pay £79 a month to get five items of their choice from a selection of premium brands.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Fashion
Hopes high for retail as Westfield owner's global comeback sees healthy footfall

Hopes high for retail as Westfield owner's global comeback sees healthy footfall

Shopping malls giant Unibail-Rodamco-Westfield has made “strong progress” with its mall reopenings globally with 65 of 90 now open. And indications are that footfall and trade is stronger than expected in many countries.
Fashion
Global luxury labels joining Alibaba sales event have doubled

Global luxury labels joining Alibaba sales event have doubled

Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
Fashion
As U.S. protests against racial injustice continue, more brands speak out and donate

As U.S. protests against racial injustice continue, more brands speak out and donate

Ganni, Glossier, Anastasia Beverly Hills and Marc Jacobs Beauty are among several brands to announce monetary contributions to organizations supporting protestors and fighting injustice. 
Fashion
LVMH's takeover of Tiffany seen as uncertain

LVMH's takeover of Tiffany seen as uncertain

LVMH's $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market brought on by a global pandemic and severe social unrest.
Luxury
Rebekka Bay becomes Marimekko creative director

Rebekka Bay becomes Marimekko creative director

Marimekko has named former Gap creative chief Rebekka Bay as its new Creative Director, starting in September.
Fashion
YNAP launches AI research project with Italian university

YNAP launches AI research project with Italian university

YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Fashion
Hunter secures rescue deal as existing backer increases stake

Hunter secures rescue deal as existing backer increases stake

Celebrity favourite Hunter Boots has clinched a rescue following a sales plunge due to the coronavirus crisis. A further £16.5m is being pumped into the firm to keep it going and growing through the crisis and beyond.
Fashion