Gucci owner Kering sales crash thanks to lack of tourism
Gucci owner Kering has reported a revenue decline of 17.5 per cent to €13.1 billion (£11.4 billion) in 2020, as store closures and the collapse in tourism affected trading.
Vestiaire Collective unveils resale partnership with Alexander McQueen
Vestiaire Collective has partnered with luxury British fashion label Alexander McQueen for a sustainable resale deal that they ...
Family behind Selfridges poised to fortify department store
The billionaire Weston family could be forced to shore up its department stores businesses, which include Selfridges, as Covid-19 restrictions continue to wreak havoc on the retail industry.
Burberry hands back £300m BoE loan & £6m in business rates relief
Burberry has reportedly volunteered to repay more than £300 million in Covid financial aid to the Bank of England and HMRC (...)
Louis Vuitton slammed as ‘Jamaica’ jumper features wrong flag colours
Louis Vuitton has been criticised for producing a 'Jamaica' jumper that features the wrong flag colours.
LVMH sales drop but remains in “excellent position” for 2021
LVMH has reported an overall decline in revenues for 2020 despite a recovery in the Asian market.
The luxury retail group, which owns Louis Vuitton and Dior, reported sales drop 17 per cent year on year to €44.7 billion (£39.5 billion) in 2020.
Selfridges endures “most difficult year” in 113-year history
Selfridges has reportedly endured the “most difficult year” in its 113-year history after profits dropped despite continually investing in online.
Burberry sales driven by digital as “younger” customers shop online
Burberry has reported a rise in digital sales during the golden quarter thanks to "good progress" in its transformation strategy.
Harrods owner rakes in £648m from Tiffany & Co sale to LVMH
Harrods owner Qatar Investment Authority has gained $892 million (£648 million) when it sold shares in Tiffany & Co as part of LVMH’s $15.8 billion (£11.5 billion) acquisition of the US jeweller.
Harvey Nichols promotes COO Manju Malhotra to CEO
Harvey Nichols has announced the appointment of Manju Malhotra as its new chief executive with immediate effect.
Feature Resource
12 Ways To Take Control Of Your Brand’s Digital Content
Boost the efficiency of your team with digital asset management.
Photos, graphics, video, PDFs and more. Retail teams work with thousands of digital assets and...
