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Luxury

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LVMH first-half profits soar on rebound from pandemic

LVMH first-half profits soar on rebound from pandemic

LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
Luxury
LVMH keen to boost appeal of craftsmanship excellence with ‘WE for ME’ pact

LVMH keen to boost appeal of craftsmanship excellence with ‘WE for ME’ pact

At a time when the French luxury industry’s craft trades need to hire over 8,000 new artisans each year, the luxury giant has involved its 75 labels in a drive to promote craftsmanship skills and attract talent.
Luxury
Bally is latest arrival on Regent Street with new concept

Bally is latest arrival on Regent Street with new concept

Bally has gone for big and bold with its new London flagship store. Situated on Regent Street, the latest Bally Haus concept store comes with a high degree of historical and contemporary artistic content.
Luxury
UK footfall up in heatwave, but shoppers cautious as Covid cases grow

UK footfall up in heatwave, but shoppers cautious as Covid cases grow

​Footfall across the UK rose 3.3% last week (compared to the previous seven days) with a “staggering” 16.5% uplift on Freedom Day last Monday, although from Tuesday onwards the rise was only 1.7%.
Fashion
NWEC says West End footfall on encouraging path

NWEC says West End footfall on encouraging path

​Visitors have been returning to the West End of London in large numbers in the past week since so-called Freedom Day last Monday when just about all lockdown restrictions were eased in England.
Fashion
Emanuele Farneti quitting Vogue Italia

Emanuele Farneti quitting Vogue Italia

And another Vogue editor-in-chief bites the dust. Emanuele Farneti, the editor-in-chief of Vogue Italia, has announced he is leaving the title after four years at the helm.
Luxury
LK Bennett launches fashion rental, targets new and existing customers

LK Bennett launches fashion rental, targets new and existing customers

​LK Bennett is launching the fashion rental service that was flagged earlier in the year. LK Borrowed, its first monthly subscription rental service, lets shoppers “rent some of our most popular pieces”, it said. 
Fashion
Selfridges is up for sale, offers over £4bn sought

Selfridges is up for sale, offers over £4bn sought

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Luxury
Ganni opens latest US store in Brooklyn

Ganni opens latest US store in Brooklyn

The Copenhagen-based fashion label has opened its sixth U.S. store, bringing its distinctive brand of Scandi chic to Brooklyn’s Williamsburg neighborhood.
Fashion
Dolce & Gabbana to launch a series of projects in Venice in August

Dolce & Gabbana to launch a series of projects in Venice in August

Italian brand Dolce & Gabbana will present its latest couture collection in Venice from August 28 to 30. On the occasion, the brand will also unveil its first homeware line and unprecedented digital collection of NFTs.
Luxury
UK consumer confidence remains buoyant

UK consumer confidence remains buoyant

UK consumer confidence finally edged ahead of its March 2020 pre-lockdown score in July, with shoppers in a spending frame of mind. It was still negative (at -7), but it's held firm or improved for six months in a row.
Fashion
Vetements introduces VTMNTS to redefine traditional luxury

Vetements introduces VTMNTS to redefine traditional luxury

The brand made its debut with a Spring 2022 menswear collection featuring an impressive 100 looks. 
Luxury
LVMH Prize to be awarded on September 7 in Paris

LVMH Prize to be awarded on September 7 in Paris

The group has announced the final of its competition for young designers. Set to take place on September 7 at the Fondation Louis Vuitton, the event's highlights will, for the first time, be broadcast via social media. 
Fashion
Immaculate Vegan secures new funding to drive growth in key markets

Immaculate Vegan secures new funding to drive growth in key markets

High-end online fashion and beauty retailer Immaculate Vegan has secured £400,000 in funding on the back of impressive revenue gains. The new capital will help it drive future growth in its key target markets.
Fashion
High street boost: 17k new local stores could open in 12 months - report

High street boost: 17k new local stores could open in 12 months - report

In a major boost to UK physical retail that has been devastated by widespread closures during the pandemic, we could expect 17,000 local high street stores to open in the next 12 months, according to new research.
Fashion
De Beers and Forevermark brands in leadership consolidation

De Beers and Forevermark brands in leadership consolidation

​De Beers is moving the head of its De Beers Jewellers operation to also oversee its Forevermark brand. Céline Assimon replaces Nancy Liu, who was made CEO of Forevermark in 2019.
Luxury