UK fashion brands and retailers have a major global opportunity with a new report suggesting that international shoppers would be prepared to pay over 20% more for British goods and almost 10% more for UK-made fashion.
UK and Spanish fashion retailers may be struggling but landlord Intu managed to report higher profits for 2017. Yet rental growth slowed in a tough market where store spaces are becoming less profitable for retailers.
The South African retailer posted a 15% fall in HY1 profit on Thursday hurt by a hefty write-down charge on the value of its David Jones business in Australia and tough trading conditions in its home market and Australia.
Shopping mall giant Westfield Corp ruled out trying to increase a $16 billion buyout from France’s Unibail-Rodamco SE after a decline in the European firm’s shares drove down the deal’s value, saying there was no Plan B.
Chanel has announced that it will participate in the horticultural and landscaping event “Jardins, Jardin” in Paris for the first time and will take over a 200--square-metre garden in the Tuileries this spring.
The outdoor footwear brand reported its fourth quarter and full year 2017 results this Tuesday, announcing mid-single digit growth in its retail and wholesale sales in Q4, as well as reductions in its debt over the year.
The Italian label plunged Milan Fashion Week attendees into a 1960s vision of the future this Wednesday evening, with a runway show that incorporated more than a passing reference to its muse: Jackie Kennedy.
The US fashion and lifestyle brand has opened its first store in France; a visually unique 900-square-metre space located at number 146 rue de Rivoli. The store kicked off with an open-invite party on February 21.