The Italian luxury label has deployed a new strategy designed to concentrate its jewellery sales exclusively in its own stores, while also reducing the presence of its watches and fragrances in multibrand retailers.
Diversification, licensing and retail expansion, these are the strategic priorities for the Italian fashion label, which is about to enter China and is launching its first watches line in partnership with Timex.
Sales to international shoppers are predicted to continue to outperform sales to locals in the UK following a strong performance in the first 10 months of this year, according to data from VAT-reclaim specialist Planet.
Millennial and Gen Z consumers, especially from Asia, plus the growth of online, a booming secondhand market, and a desire for social responsibility are all pushing growth higher in the luxury market, a new study shows.
Omega, which has accompanied James Bond for more than two decades, is joining in the festivities for the 50th anniversary of the film "On Her Majesty's Secret Service" with a set of two Seamaster Diver 300M watches.
Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.
Rinaldi became co-chief operating officer of the luxury retail group alongside Manju Malhotra in 2017. Malhotra will remain in her role, working alongside the management board to ensure the group continues to thrive.