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Luxe sector calls for return of UK VAT-free shopping as spending plummets

Luxe sector calls for return of UK VAT-free shopping as spending plummets

​Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Fashion
Grosvenor's strong recovery boosted by improving retail scene

Grosvenor's strong recovery boosted by improving retail scene

​Grosvenor has delivered a significant improvement in its financial performance in the latest year. The group owns vast tracts of land in key area like London’s Mayfair, as well as the Liverpool One mall.
Fashion
Wolford postpones release of annual results for second time

Wolford postpones release of annual results for second time

High-end intimates specialist Wolford has postponed the release of its annual results for the second time in a month. It said it will release its audited annual financial statements for 2021 “no later than June 17”. 
Fashion
Balenciaga makes historic show on Wall Street in New York

Balenciaga makes historic show on Wall Street in New York

Designer Demna reimagined the excess and greed associated with the Big Apple in the eighties. 
Luxury
Louis Vuitton and Nike Air Force 1 present new exhibition

Louis Vuitton and Nike Air Force 1 present new exhibition

Louis Vuitton and streetwear brand Nike are presenting an exhibition in honor of Virgil Abloh’s take on the Nike Air Force 1 sneaker from May 20 to 31 in New York City. 
Luxury
Jacquemus appoints Bastien Daguzan as CEO

Jacquemus appoints Bastien Daguzan as CEO

The manager, who left Paco Rabanne last month, is joining the Parisian fashion house, which was previously led by its founder Simon Porte Jacquemus. He will take on the position of CEO.
Luxury
Mercedes-Benz joins the Aura Blockchain Consortium

Mercedes-Benz joins the Aura Blockchain Consortium

The German group is the fifth founding member, and the only car manufacturer, to join the global blockchain platform dedicated to the luxury industry, formed by heavyweights LVMH, Prada, Cartier and the OTB Group.
Luxury
It's bad: UK consumer confidence falls to its lowest since 1974

It's bad: UK consumer confidence falls to its lowest since 1974

​UK consumer confidence tumbled again in May — this time to its lowest level in almost 50 years — after the cost-of-living crisis deepened and concerns over the economy and personal finances grew.
Fashion
David M Robinson opens new concept at Liverpool One

David M Robinson opens new concept at Liverpool One

​British luxury jewellery retailer David M Robinson (DMR), has significantly upsized and extensively refurbished its Liverpool One flagship store. 
Luxury
Laings opens first Omega showroom in Wales

Laings opens first Omega showroom in Wales

​Luxury jewellery retailer Laings has opened a dedicated Omega showroom at the St David’s mall in Cardiff. The watchmaker has taken an 838 sq ft space at the Landsec-operated mall.
Fashion
US brand Finesse uses AI and customer votes to determine designs

US brand Finesse uses AI and customer votes to determine designs

A ready-to-wear brand in the US is using artificial intelligence to define tomorrow's trends and fight against waste and overproduction.
Fashion
Adidas x Gucci and the $1,600 umbrella that's being ridiculed in China

Adidas x Gucci and the $1,600 umbrella that's being ridiculed in China

After going viral in a matter of hours, the much anticipated collaboration between Adidas and Gucci is a hot topic right now in China, but not necessarily for the right reasons.
Luxury
Kim Jones and Eli Russell Linnetz: A perfect match for Dior Men's 2023 capsule

Kim Jones and Eli Russell Linnetz: A perfect match for Dior Men's 2023 capsule

Kim Jones, artistic director of the Dior house, chose Los Angeles and the Venice district to present his 2023 capsule collection, produced in collaboration with Californian designer Eli Russell Linnetz.
Luxury
Zegna boss says suits aren't dead but ties are

Zegna boss says suits aren't dead but ties are

​Ermenegildo Zegna — CEO of the Italian luxury menswear house that bears his family name — declared this week that the suit isn’t dead as some people have suggested.
Fashion
ONS says UK retail sales moved up in April, fashion did well

ONS says UK retail sales moved up in April, fashion did well

​Official retail sales figures for the UK in April were released on Friday and they showed volumes ticking upwards again after they’d fallen during March.
Fashion
Klarna to mark 150m consumers milestone with global Dream Days sales event

Klarna to mark 150m consumers milestone with global Dream Days sales event

​BNPL giant Klarna has been growing fast and clearly wants to grow even faster with the payments firm about to launch a three-day event targeting its many millions of consumers around the world.
Fashion