Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.
Coach handbag maker Tapestry Inc raised its annual sales and profit forecasts on strong rebound in demand for luxury goods even as global supply chain bottlenecks threaten to create a shortage of products.
After suffering a number of years in the financial doldrums - resulting in its relegation from the London Stock Market’s lead FSTE 100 index last year - M&S is bouncing back after releasing strong results this week.
H1 results at Burberry showed it making “strong progress”, with full-price sales surging and higher margins. Outerwear and leather did well and it's expanding its new store concept rollout as it boosts customer spend.
The Italian luxury house has announced net income of 40 million euros for the first nine months of the fiscal year, solid results reflecting the brand's recovery, which has been led by Asia and the United States.
The outdoor apparel and footwear group reported an increase of 29.1% in its third-quarter revenue on Wednesday, progress achieved in spite of issues related to Vietnamese factory closures and global logistics hold-ups.