The funding will help the London-based start-up hire at least 50 more people this year and open offices in Hong Kong and New York. It comes after four years of strong growth, with sales doubling every year.
Tax-free shopping specialist Global Blue is opening its first VIP Globe Shopper Lounge on Albemarle Street in Mayfair, underlining the importance of London's West End to the luxury industry and the tourist sector.
Hugo Boss has opened the first Hugo standalone store in the UK with a debut at Westfield London, which, since its recent £600m extension opened this spring, has taken over from Bluewater as Europe's biggest mall.
Selfridges has been busy this month upping its luxury credentials at its key department store in Birmingham, and also unveiling the last phase of its accessories project in its London store with a new eyewear space.
The fashion house's efforts to revamp stores as well as its high-end shoe brand Jimmy Choo paid off as the company topped Wall Street’s quarterly profit estimates on Wednesday and raised its full-year earnings forecast.
Glossy magazine empire Conde Nast on Tuesday quashed months of rumors about the impending departure of Vogue editor-in-chief Anna Wintour, declaring that the magazine's 30-year veteran was staying "indefinitely.
Salvatore Ferragamo has named former Kering executive Micaela le Divelec Lemmi as its new CEO although it’s less of a change than it might have been given that she has been general manager of the firm since the spring.
SMCP has been one of the market’s biggest success stories of recent years and it looks like that success story is continuing. The company issued its Q2 results on the last day of July and described them as “superb”.
Selfridges is continuing its strategy of frequent, exclusive product launches and interesting pop-up stores with the latest including an exclusive Red Valentino capsule, a Fendi Kiosk, plus Medea and Réalisation Par.
Aeffe had a strong first half as success in Greater China helped to drive net profits up by almost 80% and it also turned in a healthy double-digit revenue rise, with the increase spread across both RTW and leathergoods.