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Swiss watchmakers counting the clock until Chinese tourists return

Swiss watchmakers counting the clock until Chinese tourists return

Switzerland's major luxury watch brands are cautiously optimistic that Chinese tourists will boost sales this year, if they return to Europe in large numbers after the easing of domestic Covid restrictions.
Fashion
Dior in Mumbai: Midway to métier d'art with a Mumbai soul

Dior in Mumbai: Midway to métier d'art with a Mumbai soul

With Bollywood stars and Indian aristocracy sitting front row, Dior staged its latest show before the famed Gateway of India, a collection that celebrated Mumbai’s great métier d’art – intensely unique embroidery. 
Fashion
Delayed Sloane Street transformation to start, will see £46m spend

Delayed Sloane Street transformation to start, will see £46m spend

​London’s Sloane Street is to be transformed into a greener and even more appealing shopping destination in a partnership between landlord/developer Caodgan and the local authority.
Luxury
Richemont's Enquirus is new digital platform to thwart luxury watch and jewellery thieves

Richemont's Enquirus is new digital platform to thwart luxury watch and jewellery thieves

Richemont, a key player in the luxury watch and jewellery sectors, announced on Thursday that it has launched “a neutral, global digital platform designed to help reduce watch and jewellery-related crime”
Luxury
Missoni opens new store at South Coast Plaza, Orange County

Missoni opens new store at South Coast Plaza, Orange County

Italian fashion label Missoni has opened its first store at the South Coast Plaza shopping center in Costa Mesa, Orange County, alongside other major luxury brands. A space that features the brand's zig-zag design.
Fashion
Louis Vuitton opens new Brisbane flagship

Louis Vuitton opens new Brisbane flagship

French luxury fashion brand Louis Vuitton opened on Friday its new Brisbane flagship store, located in the city's Queen Street Mall. 
Luxury
Geneva watch show opens in throes of banking turmoil

Geneva watch show opens in throes of banking turmoil

The Geneva watch fair opened Monday buoyed by booming growth in the watchmaking industry, but insiders warily eyed the banking sector turmoil, evoking painful memories of the 2008 financial crisis.
Luxury
Luxury activity exploded in 2022, pop-ups were key - report

Luxury activity exploded in 2022, pop-ups were key - report

Luxurynsight has released its annual Global Luxury Brand Analysis report and found an unsurprising double-digit rise in overall activity for fashion and leather goods last year as the world 'normalised post'-pandemic.
Fashion
UK Gen Z shoppers embrace VAT-free EU spending post-Brexit

UK Gen Z shoppers embrace VAT-free EU spending post-Brexit

​The UK may have failed to offer the hoped-for Vat-free shopping for EU tourists post-Brexit, but British tourists are taking advantage of their ability to shop tax-free within the EU, and Gen Z is leading the charge.
Fashion
Movado annual earnings up on international wholesale, own stores sales growth

Movado annual earnings up on international wholesale, own stores sales growth

Movado Group, Inc. announced on Thursday net sales increased 2.7% to $751.9 million for the fiscal 2023 year, on growth in the watchmaker's international wholesale business and own stores. 
Fashion
Luxury bags are significantly more expensive in China than in Europe

Luxury bags are significantly more expensive in China than in Europe

While waiting for the Chinese to start traveling again, brands are betting on a rebound in domestic demand following the end of the anti-Covid measures, increasing their prices, reported a study by Retviews by Lectra.
Luxury
Moschino announces that Jeremy Scott is stepping down as creative director

Moschino announces that Jeremy Scott is stepping down as creative director

The house of Moschino announced on Monday afternoon that Jeremy Scott is stepping down as creative director of the Milan-based marque, after a decade long rein. 
Fashion
Kering commits to cut greenhouse gas emissions by 40% by 2035

Kering commits to cut greenhouse gas emissions by 40% by 2035

French luxury conglomerate Kering announced on Friday a new commitment to reduce its absolute greenhouse gas emissions by 40% by 2035.
Luxury
Cucinelli raises sales growth forecast for 2023

Cucinelli raises sales growth forecast for 2023

Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant order numbers.
Luxury
Guess annual sales lift on strong Europe gains, the Americas weighs

Guess annual sales lift on strong Europe gains, the Americas weighs

Guess Inc. announced on Tuesday revenues for the fiscal 2023 increased 4% to $2.69 billion, upheld by sales gains in the fashion brand's European and Asian markets, offsetting sluggish growth in the Americas. 
Fashion
London fears losing luxury shoppers to Paris and Milan

London fears losing luxury shoppers to Paris and Milan

London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.
Luxury