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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
Good news for cycling apparel as consumers continue to embrace bikes

Good news for cycling apparel as consumers continue to embrace bikes

​There was good news for the growing UK cycling clothing and accessories market on Friday with a new Mintel report showing that Britons are continuing to switch on to cycling in large numbers.
Fashion
Hugo Boss COO to leave this month

Hugo Boss COO to leave this month

Hugo Boss has announced that its chief operating officer Heiko Schäfer is to leave the managing board of the business on May 31, “to pursue a new professional assignment outside the group”.
Luxury
Richemont strong as fashion ops improve, but delayed YNAP deal dents share price

Richemont strong as fashion ops improve, but delayed YNAP deal dents share price

Richemont's year to 31 March saw a “strong performance”, with a “step change in sales and operating profit”. Its fashion ops improved, but the share price fell as a deal to sell a YNAP stake to Farfetch is not agreed.
Luxury
Mytheresa.com celebrates growth in the American market alongside Loro Piana

Mytheresa.com celebrates growth in the American market alongside Loro Piana

The global luxury online retailer this week celebrated its long partnership with Loro Piana, and its excellent form in the American market, a territory where the brand has recorded strong growth. 
Luxury
Pakistan bans import of luxury items to boost economy

Pakistan bans import of luxury items to boost economy

Pakistan's new government on Thursday said it would ban the import of over 30 luxury items including cars and fruit jams in an austerity move to help boost the country's faltering economy.
Luxury
London leasing boom sees GPE return to profit

London leasing boom sees GPE return to profit

Yet more strong numbers from the commercial property sector on Thursday. Major London landlord Great Portland Estates joined its peers British Land and Landsec this week in delivering an upbeat performance for the year.
Fashion
Burberry raises prices, says China recovery is key, bans exotic skins

Burberry raises prices, says China recovery is key, bans exotic skins

​Burberry’s new CEO looks like he won’t be deviating too much from his predecessor’s luxury strategy and if anything, he’s likely to take the label even further upmarket, while also focusing on its British heritage.
Luxury
URW rolls out Westfield brand to trio of European flagship locations

URW rolls out Westfield brand to trio of European flagship locations

​Malls giant Unibail-Rodamco-Westfield (URW) is continuing to roll out its Westfield brand to more locations and has announced that it’s rebranding three flagship centres under that name.
Fashion
Grosvenor links with True on social shopping innovation hunt

Grosvenor links with True on social shopping innovation hunt

Landlord Grosvenor has launched an interesting project, unveiling “an innovation challenge seeking to find new technologies and partners that are putting customer experience at the heart of bricks and mortar retail”.
Fashion
Kering and LVMH continue their share buyback program

Kering and LVMH continue their share buyback program

Kering is launching the third tranche of its stock repurchase program, covering a volume of nearly 0.5% of its share capital. Meanwhile, LVMH is launching a similar program worth “a maximum amount of one billion euros."
Luxury
Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

The French fashion house will unveil its new men's collection this Thursday, May 19, on Venice Beach, as well as on Facebook. Creative Director Kim Jones will also present a collaboration with the label Erl.
Luxury
Shannon Abloh appointed CEO of Virgil Abloh Securities

Shannon Abloh appointed CEO of Virgil Abloh Securities

Virgil Abloh Securities, a creative corporation founded by the late designer has announced Shannon Abloh as CEO and managing director of the organization.
Luxury
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Fausto Puglisi unveils his first couture collection for Roberto Cavalli

Fausto Puglisi unveils his first couture collection for Roberto Cavalli

The designer launched his first couture collection for the Italian fashion house. The capsule consists of 15 couture looks, most of which will be presented at the Cannes Film Festival.
Luxury