LVMH has promoted the chief strategy and digital officer of Tag Heuer, Frédéric Arnault, to the position of chief executive.
LVMH has done a u-turn on its proposed €14.7 billion (£13 billion) takeover of Tiffany & Co.
LVMH’s €14.7 billion (£13 billion) takeover of Tiffany & Co has been thrown into doubt.
Kick Game has secured £2.5m in funding to accelerate growth as shoppers move online in the face of high street store closures.
Burberry Group's senior independent director Jeremy Darroch is set to resign due to other executive commitments.
Burberry has cancelled its final dividend and warned that luxury retail could take a while to recover from the Covid-19 pandemic.
Burberry is reportedly set to cut its dividends due to the coronavirus pandemic.
Richemont has posted a mixed bag in its full-year results, with sales inching up by two per cent despite a 67% plunge in profits
Farfetch has reaped the benefits of being an online-only retailer amid a huge shift to online shopping during lockdowns worldwide
Luxury retailers have urged the fashion retail sector to rethink attitudes towards seasonality and discounting post Covid-19.