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Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone

Net loss soars at Farfetch, but it hails sales surge and key EBITDA milestone

Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
Luxury
Helen Lambert talks to Godfrey Deeny on what's next in etailing and retailing

Helen Lambert talks to Godfrey Deeny on what's next in etailing and retailing

One of the great retailing experts, Helen Lambert, talks with Godfrey Deeny about what's next in e-tailing and what's up with her latest project, online wholesale platform Style Pulse, in our latest podcast.
Fashion
London fashion Week hits Korea in link with BoonTheShop

London fashion Week hits Korea in link with BoonTheShop

London Fashion Week is linking up with BoonTheShop to target the South Korean market and is showcasing 11 British designers to coincide with the digital fashion week that’s running until February 23.
Fashion
​Chanel opens temporary watch and jewelry boutique on rue de la Paix

​Chanel opens temporary watch and jewelry boutique on rue de la Paix

Chanel has opened a new temporary watch and jewelry boutique on rue de la Paix, the nerve center of high-end jewelry in Paris, as its nearby flagship at 18 Place Vendôme undergoes renovation.
Luxury
BFC/Vogue Designer Fashion Fund unveils 2021 shortlist

BFC/Vogue Designer Fashion Fund unveils 2021 shortlist

The British Fashion Council has revealed the names on the shortlist for the BFC/Vogue Designer Fashion Fund 2021 with a selection of relatively-well-known and lower-profile designers making the grade.
Luxury
Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

Gucci sales fall in Q4, but Bottega Veneta, Saint Laurent are on a roll

​Sales at Kering's leading brand, Gucci, suffered a bigger-than-expected drop in Q4 as Covid continued to dent luxury shopping and crimp tourist spending in particular.
Luxury
Net-A-Porter launches widgets to boost UX on Apple devices

Net-A-Porter launches widgets to boost UX on Apple devices

​YNAP’s Net-A-Porter and Mr Porter luxury e-tailers have launched new widgets for iPhone and iPad users, that allow customers “to preview and directly access the What’s New pages for both stores from their home screen”.
Luxury
New York Fashion Week Day Two: Pride and Volume

New York Fashion Week Day Two: Pride and Volume

No one could fault the latest crop of designer showing, in New York, for effort. In a busy Monday, with almost 30 collections, their arty videos and polished ideas were a reminder of how hard  people have been working.
Fashion
Jason Wu and Imitation of Christ open New York Fashion Week

Jason Wu and Imitation of Christ open New York Fashion Week

Jason Wu opened this month’s New York Fashion Week on the Sunday night of Valentine’s Day, with a nostalgic ode to Coca Cola capitalism. Imitation of Christ followed him with pure whimsicality.
Fashion
Opening Ceremony: Humberto and Carol on going to the mattresses

Opening Ceremony: Humberto and Carol on going to the mattresses

Opening Ceremony may have closed down its destination boutique in Soho last spring, but the brand is very much alive and kicking, as the latest collection from its founders – Carol Lim and Humberto Leon - trumpets.
Fashion
UK retailers are expecting lockdown Valentine's sales boost

UK retailers are expecting lockdown Valentine's sales boost

​Physical shops may be closed, but 52% of UK retailers are offering products specifically for Valentine’s Day. And 41% are expecting the event to give them a sales boost with average expectations of a 26% increase.
Fashion
Eco-Age reveals new sustainable strategy with Recarlo

Eco-Age reveals new sustainable strategy with Recarlo

​Eco-Age, the sustainability consultancy and communications agency founded by Livia Firth, has created a new environmental strategy with Recarlo, the noted Italian jeweler.
Luxury
Diamonds forecast to regain pre-pandemic sparkle in 2022-2024

Diamonds forecast to regain pre-pandemic sparkle in 2022-2024

Diamond jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted.
Luxury
LVMH to require US Tiffany staff to return to office

LVMH to require US Tiffany staff to return to office

Luxury giant LVMH has directed US administrative employees of jeweler Tiffany to resume working part-time at the office on March 1, a person close to the company told AFP Friday.
Luxury
Tag Heuer inks partnership with Porsche; and launches new Carrera chronograph

Tag Heuer inks partnership with Porsche; and launches new Carrera chronograph

Tag Heuer has inked a partnership with automaker Porsche, and launched the link-up by unveiling a new watch, the Tag Heuer Carrera Porsche Chronograph. 
Luxury
Jewellery maker Pandora expects return to sales growth in 2021

Jewellery maker Pandora expects return to sales growth in 2021

Pandora expects sales growth in 2021, its first in three years, despite many shops still being closed due to the pandemic, the jewellery maker said on Thursday.
Luxury