Harrods MD Michael Ward has said it's time for the government "to wake up and smell the coffee” after a minister said retail needs to provide evidence for its claims about the benefits of VAT-free tourist shopping.

​A Q4 and end-of-year update for Watches of Switzerland Group has shown that the period to the end of April continued to be strong and that it's entering FY24 "significantly ahead" of its long-range plan.

With sparkling lights and beating drums, Italian luxury label Gucci took over a 14th century Seoul Palace to showcase its cruise collection, blending Korean heritage and modern fashion.

​It may not come as a surprise, but research seems to have confirmed that the highest value e-shoppers are the most sustainability-focused in a world of consumers who are generally prioritising eco-awareness more often.

Adeju Thompson, founder of Nigeria-based Lagos Space Programme, has won the International Woolmark Prize for 2023, nabbing first place in the oldest and most esteemed fashion award.

​Richemont’s full-year results on Friday saw the luxury group reporting sales and operating profit “at an all-time high” as all regions proved profitable and its fashion businesses continued to do well.

Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in U.S. luxury purchases.

Montblanc's new campaign stars James Norton, Karen Elson, and Arthur Gosse and spotlights London. It’s the next chapter of a strand that "explores how The Library Spirit transforms through different cities”.

People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items. 

​Luxury e-tailer Mytheresa on Wednesday reported close to 18% general merchandise volume (GMV) growth for Q1 and “continued Adjusted EBITDA profitability”.

Online luxury resale platform The RealReal announced on Tuesday total revenues for the first quarter fell 3% to $142 million, despite a single-digit uptick in gross merchandise value for the three months ending March 31.

It felt like Chanel took over Los Angeles this past week, with the staging of its latest cruise collection and the opening of supremely swish and chic new mega boutique on Rodeo Drive. 

​Matches CEO Nick Beighton has named another senior exec to his team from his former team at ASOS with Andrea Trocino having been appointed Chief Product and Technology Officer. 

Luxury watch and jewellery retailer Goldsmiths is significantly increasing its presence at the Grosvenor-operated Liverpool One mall.

On Friday, May 5, French luxury house Chanel opened its largest boutique in the United States at 400 North Rodeo Drive; a four-story building created by architect and designer, Peter Marino, with pure elegance.

Revolve Group Inc. announced on Wednesday revenues for the first quarter dipped 1% to $279.6 million, on the back a dwindling Revolve brand sales, partially offset by an increase in sales at its Fwrd brand. ​