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.

​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.

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.

​Retailers work hard to ensure consumers have the products they really want put in front of them, but shoppers continue to return a large percentage of the goods they buy and worse still, returns fraud is on the rise

​Accounts for the companies that own and operate the David Beckham brands and businesses showed another successful year in 2023.

Perfect Corp has acquired Farfetch’s Wannaby operation — known as Wanna to its consumer users — as it continues to expand its fashion and beauty tech offering.