Italian high-end streetwear label GCDS is set to open its first store in London with a debut in Mayfair. The area continues to benefit from a raft of international openings, despite the tough fashion retail environment.
US luxury retailer Neiman Marcus Group announced itself profitable in the second quarter with a net profit of $346.3 million compared a $140.6 million in the year-ago period. Revenues rose 6.2% on last year, said NMG.
High-end British department store Harvey Nichols will team up with online fashion retailer Farfetch to sell accessories and clothes through the platform as it looks to boost web sales, the companies said on Monday.
The Hugo Boss supervisory board decided at a meeting on Wednesday to extend the contract of CEO Mark Langer for a further three years. He will continue to serve as CEO of the German brand until December 2021.