Luxury

SYKY has launched a short-form online publication led by Nicola Formichetti. It's “an extension of the mission to bring the future of a fully digital, physical, and augmented reality of fashion to life”.  

​The latest results for Richemont’s Watchfinder business underline the challenges luxury watches have been facing. Its accounts for the year to March 2024, filed at Companies House, show it making another loss.

Just a day or so into the year and Hugo Boss has announced a key appointment. It has named Briton James Foster as its new senior Vice president global marketing.

Duty-free spending in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, slumped 29.3% last year as a weak economy saw a sharp drop in domestic visitors.

Rolex SA, the biggest luxury Swiss watch brand, raised prices on some of its most popular models after gold values surged in 2024. 

Italian designer Rosita Missoni, co-founder of the eponymous fashion house known for its bright and patterned styles, died on Thursday at the age of 93, a company official said.

​UK retail is bracing for a tough 2025 as 2024 closed with the news around 13,500 stores closed last year, a rise of 28% on 2023, according to Centre for Retail Research (CRR).

​After a strong performance throughout 2024, UK shopping centres ended the year with a flourish topping the footfall list of places to shop in December.

​Aspinal of London’s latest year looks to have been a good one on the sales front with the company’s accounts for the year to the end of March showing a 9% revenues jump.

​Ashworth and Parker —better known as UK luxury retailer END. — continued to face tough market conditions in the year to the end of March, its latest accounts filing has shown.

Barbour's accounts for the year to the end of April show falling revenues after it had enjoyed a strong increase in the prior year. But profits rose, a turnaround from the last year when revenue jumped but profits fell.

Job losses in UK retail topped almost 170,000 this year after the collapse of major high street chains, according to data from the Altus Group/Centre for Retail Research.

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's shoppers are still spoilt for choice when it comes to luxury Western goods.

Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working and safety standards inside its supply chain last year. In some cases, such certifications missed glaring problems.

A number of business leaders — including the CEO of Chanel and the fashion chief at M&S — have been honoured by the King in the New Year’s Honours for “innovation, excellence and leadership in growing the UK economy”. 

Victims of a £10 million ($12.5 million) London jewellery raid have offered rewards of up to £1.5 million to help recover the gems and catch the thief.