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StockX valued at $3.8 billion after latest funding round

StockX valued at $3.8 billion after latest funding round

The Detroit-based online resale platform announced on Thursday that it has completed a new funding round, bringing the company’s total valuation up to $3.8 billion.
Fashion
Gucci launches first luxury watch line

Gucci launches first luxury watch line

After stepping into fine jewellery, luxury brand Gucci has diversified into luxury watch-making with a dedicated collection conceptualised by creative director Alessandro Michele and manufactured in Switzerland.
Luxury
Swiss watchmakers go digital to show off new products, revive sales

Swiss watchmakers go digital to show off new products, revive sales

Luxury Swiss watchmakers, usually not fans of online retailing, are launching a new digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis.
Luxury
Net-A-Porter launches entertainment-first global campaign

Net-A-Porter launches entertainment-first global campaign

​Net-A-Porter has launched a new global campaign that not only marks a new season but also a reopening in large parts of the world as vaccinations allow tentative steps back to normality. 
Luxury
Size alone matters as Watchfinder moves into genderless retail

Size alone matters as Watchfinder moves into genderless retail

Watchfinder & Co is going genderless. It claims to be the first UK luxury watch retailer to remove all gender labels from its website and stores.
Luxury
China crisis for Burberry as brand feels heat of Xinjiang backlash

China crisis for Burberry as brand feels heat of Xinjiang backlash

​Burberry has become the first luxury brand to feel the backlash in China over its stance on accusations of abuses of Uighur Muslim minorities in Xinjiang.
Luxury
Luxury: 10 keys to understanding new global consumption trends

Luxury: 10 keys to understanding new global consumption trends

At the conference staged on Thursday by Business France, the NellyRodi agency mapped out the new global consumption patterns, identifying 10 trends that correspond to 10 winning internationalisation practices.
Luxury
Watches of Switzerland to distribute Doxa in UK, US

Watches of Switzerland to distribute Doxa in UK, US

​Watches of Switzerland Group has announced a distribution partnership with independent Swiss dive-watch maker Doxa. Its sports lines will be available in UK and US stores as well as online.
Luxury
Holli Rogers named Browns Chair as Brennan becomes MD

Holli Rogers named Browns Chair as Brennan becomes MD

​Holli Rogers is moving on from her role as CEO of Browns as she focuses on the Chief Brand Officer post as its owner, Farfetch, which she took on in 2019.
Luxury
Cartier’s unveils ephemeral scenography outside flagship renovation

Cartier’s unveils ephemeral scenography outside flagship renovation

The French have always had a way with renovation. This week, Cartier took the concept to a new level, as it unveiled a substantial new work of urban scenography outside the brand’s historic flagship store in Paris.
Luxury
Burberry opens virtual store with Elle Digital in Japan

Burberry opens virtual store with Elle Digital in Japan

​Burberry is continuing to focus on tech in the all-important Asia market and has just announced a new digital project. It has worked with Elle Digital Japan to create an “interactive virtual replica of its Ginza store”.
Luxury
Marketing to men helps drive Cudoni sales higher

Marketing to men helps drive Cudoni sales higher

​Luxury resale site Cudoni said this week that its promotion of the channel for menswear has helped drive sales higher and increase engagement among men.
Fashion
Fossil narrows losses despite declining sales, appoints new CFO

Fossil narrows losses despite declining sales, appoints new CFO

The Richardson, Texas-based watch and accessory company has reported a net loss of $4.0 million for Q4 and appointed Sunil Doshi as its new CFO and treasurer, effective March 29.
Fashion
Time stands still at historic Cairo watch shop

Time stands still at historic Cairo watch shop

Time seems to have stood still at Papazian's, an Armenian Egyptian watchmaker whose almost 120-year-old Cairo shop has withstood the decades, surviving political upheavals and urban transformations.
Luxury
Giorgio Armani and Richard Mille team up with Ferrari

Giorgio Armani and Richard Mille team up with Ferrari

Italian brand Giorgio Armani will sponsor the famous Ferrari F1 team and supply it with official and travel clothing. Swiss brand Richard Mille will become the team’s new watchmaking partner. 
Luxury
Burberry has good news on sales recovery

Burberry has good news on sales recovery

​Burberry had some unexpected positive news on Friday with an unscheduled trading update and a profits upgrade as it said sales are bouncing back.
Luxury