French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
European cross-border e-commerce continues to grow, with fashion a leading category and pure players grabbing the lion share of the business, while Amazon accounted for 80% of the sales generated by non-European sellers.
Criticism is brewing in the UK media over big foreign firms, including Chanel, accessing state-backed UK loans. But the company said it would be repaid within a year and also that it hasn't used the furlough scheme.
Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
Digital wholesale platform JOOR said on Wednesday that it will power key fashion industry events London Fashion Week next month and Premium Berlin in July, as well as a number of autumn fashion events.