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End of tax-free shopping perk hits UK's luxury destination status

End of tax-free shopping perk hits UK's luxury destination status

​There were many warnings and they seem to be coming true. When the UK ended the tax-free shopping perk for tourists, it was feared international tourists would shun Britain. A new survey suggests they’re doing that.
Luxury
Burberry unveils Animal Instinct collection, names digital, analytics chief

Burberry unveils Animal Instinct collection, names digital, analytics chief

​Burberry has unveiled its SS22 collection and unlike many luxury peers, has shown digitally. It also named a new data and analytics chief, the new post underlining the importance of those functions to the brand.
Luxury
Style Capital takes 40% stake in LuisaViaRoma, share listing likely

Style Capital takes 40% stake in LuisaViaRoma, share listing likely

Major ​Italian luxury e-tailer LuisaViaRoma is targeting an even bigger league following new investment from Roberta Benaglia’s Milan-based equity fund Style Capital.​
Luxury
Piñatex creator Ananas Anam plans expansion

Piñatex creator Ananas Anam plans expansion

London-based sustainable textile brand Ananas Anam is looking to expand after securing a £250,000 investment that should help it add more staff and further develop its offer.
Fashion
Cocoon boosts subscription package

Cocoon boosts subscription package

​Luxury handbag subscription business Cocoon has launched a new service “in response to growing consumer demand”. The new Flexi Membership will allow subscribers to tap into Cocoon's collection for a week at a time.
Luxury
VIA Outlets unveils new branding with big digital focus

VIA Outlets unveils new branding with big digital focus

European outlet malls operator VIA Outlets has unveiled a new corporate look and feel “following an extensive rebranding undertaking”.
Luxury
Tommy Hilfiger to radically upsize at London Designer Outlet

Tommy Hilfiger to radically upsize at London Designer Outlet

Wembley’s London Designer Outlet said on Wednesday that Tommy Hilfiger is set to “significantly upsize in the centre following the success of its pop-up store in LDO one year after it opened its doors”.
Fashion
Jaden Smith opens Selfridges pop-ups for MSFTSrep

Jaden Smith opens Selfridges pop-ups for MSFTSrep

Jaden Smith has just launched a pop-up at Selfridges in London via the his MSFTSrep label. The products are also available via the Selfridges webstore and pop-ups at its branches in Birmingham and Manchester.
Luxury
Marimekko improves earnings guidance

Marimekko improves earnings guidance

Finland’s Marimekko said on Wednesday that it has upgraded its profit guidance for the full year as pandemic uncertainties reduce, although they haven't gone away and supply chain disruption could still cause problems.
Fashion
Milan Fashion Week opens with Fendi and Del Core

Milan Fashion Week opens with Fendi and Del Core

Once, certain fashion designers created to empower women. Others to exalt them or make them beautiful. Today, many creators seem to have a new target in mind – pleasing the personal shopper.
Fashion
Jean-Marc Loubier returns to Delvaux as CEO

Jean-Marc Loubier returns to Delvaux as CEO

Jean-Marc Loubier has returned to Delvaux as CEO, re-joining the luxury Belgian bag-maker just three months after it was acquired by Richemont.
Luxury
BALR relaunches in UK and Ireland for AW21

BALR relaunches in UK and Ireland for AW21

Luxury lifestyle brand BALR is relaunching in Britain and Ireland this season and has appointed Start agency as its UK sales partner. The label launches in lHarvey Nichols, Selfridges, and the expanding Flannels chain.
Fashion
Belstaff sales rose last year but losses persist

Belstaff sales rose last year but losses persist

UK-based luxury brand Belstaff has released its results for the whole of 2020 and it was a decidedly mixed bag with clear improvements in some areas but the INEOS-backed business was still loss-making.
Luxury
Vestiaire Collective valuation rises to $1.7bn as it raises more funds

Vestiaire Collective valuation rises to $1.7bn as it raises more funds

French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
Luxury
Centric Brands and Coach expand licensing partnership

Centric Brands and Coach expand licensing partnership

Centric Brands announced on Tuesday an expanded partnership with Coach as the exclusive license partner to design, manufacture, and distribute women’s costume jewelry.
Luxury
Matchesfashion names Paolo de Cesare CEO

Matchesfashion names Paolo de Cesare CEO

Matchesfashion has named a new CEO, six months after the departure of its previous leader Ajay Kavan. The new chief executive is Paolo de Cesare, who had run Paris-based department store group Printemps until March 2020.
Luxury