Luxury
The latest news
London's Oxford Street saw major revival over festive period
The festive shopping season in the UK saw a noticeable revival of consumers visiting physical stores as they discovered the joys of shopping face-to-face. And that seems to have benefited London's Oxford Street.
Fashion
Proenza Schouler introduces the Bar Bag in spring 2023 campaign
Proenza Schouler launched on Monday a spring/summer 2023 campaign, featuring models Kendall Jenner and Selena Forrest, as well as the musician, Arca.
Luxury
StockX opens first authentication center in Mexico
Online resale platform StockX announced on Monday the opening of a new authentication center in Mexico City.
Fashion
Australian fashion week to take place May 15
IMG announced on Tuesday its lineup of designer runway shows and programming for Afterpay Australian Fashion Week (AAFW): The Experience, taking place from May 15 – 19 at Sydney's Carriageworks.
Fashion
Gucci's challenge: reigniting heat while boosting timeless appeal
Sabato De Sarno needs to spark heat with a new direction at Guicci, analysts say - a delicate task, given the emphasis executives have also put on the label's timeless appeal.
Luxury
London-based Emperia gets £10m to boost metaverse e-tail
London-based software start-up Emporia has raised over £10 million of expansion funding “to reimagine the e-commerce space”. It’s aiming to bring retail into the metaverse by providing the tech to build virtual stores.
Fashion
Matchesfashion gets £60m cash injection from owner
Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
Luxury
Pure London announces new brands for February, Pure Edge sponsor
Hyve Group is hailing next month’s Pure London trade show as “the most pioneering exhibition of international fashion talent yet”.
Fashion
London's West End success give Shaftesbury a Christmas boost
When central London retail performs, so too does commercial property giant Shaftesbury. After all, it does own a 6.4-acre, 600-building portfolio in the heart of London's West End.
Fashion
UK store vacancies shrink but are still high - report
UK retail vacancy rates improved in the final quarter of 2022 to 13.8%. But before you get too excited, it was only better by 0.1% on Q3 and 0.6 percentage points better than the same period last year.
Fashion
Louis Vuitton launches baby collection
The Parisian luxury label has taken its first steps into childrenswear with a collection for new-born babies up to 12 months of age, which will be available at select Louis Vuitton stores from March 3.
Luxury
Bernard Arnault delivers the good and the bad
The LVMH chairman took advantage of the record results presentation to underline the power of the luxury giant in the face of its rivals but also to praise its managers, while avoiding the subject of his succession.
Luxury
Jill Biden’s inauguration outfits added to the official Smithsonian collection
The designer wore Gabriela Hearst and Markarian ensembles when President Joe Biden was sworn into office.
Fashion
Mila Schön names Marc Audibet creative director in major investment plan
Famed Milanese fashion house Mila Schön has named Marc Audibet to be its new creative director in major investment plan to relaunch the brand, backed by new Italian investors.
Fashion
Bottega Veneta opens new boutique in Palisades Village, Los Angeles
After the opening of its store in Melrose Place, West Hollywood, the Italian luxury label is now opening at Pacific Palisades neighborhood. This is the second luxury brand to enter the Palisades Village shopping center.
Luxury
Cult Gaïa opens its first store in Los Angeles before New York in February
Cult Gaïa, the brand founded by Jasmin Larian Hekmat in 2012, and whose bag sales have exploded in recent years, has just opened its first Los Angeles store on Melrose Avenue, Los Angeles.
Fashion