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.
U.S. apparel and footwear conglomerate VF Corporation and buyout funds Permira and Advent are lining up indicative offers for Italian shoe brand Golden Goose ahead of a mid December deadline, sources told Reuters.
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.
Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania's first technology startup to reach "unicorn" status with a valuation of over $1 billion.
Two months after unveiling the first collection, the label revived by LVMH is available online and on the high street, at 80 multibrand stores and several pop-up stores, the first at Galeries Lafayette in Paris.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
Just a week after it announced its new Clothing & Home chief, retail giant M&S has made another lynchpin hire with the creative director of Arcadia Group Retail, Anthony Cassidy, becoming head of brand creative.