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.
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.
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”.
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.
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.