H&M remains the most popular fashion brand globally with Zara, Adidas, Asos and Nike also in the top five of brands consumers are searching for, while French luxury labels are performing strongly, new figures show.
The move will help the British company move closer towards its goal of becoming a global lifestyle brand. Its inaugural collection of sunglasses and optical frames is expected to during Spring Summer 2019.
The gradual recovery of the pound from its post-Brexit vote low in June 2016 is in danger of denting London's luxury tourist trade, according to Thierry Andretta, the CEO of luxury leathergoods specialist Mulberry.
Mulberry had plenty of news on Wednesday with the luxury firm announcing its full-year results and also a new business deal for South Korea. It's improving internationally although the UK remains a tough market.
Capco, the property developer that owns the freehold of Covent Garden, has announced it is considering a demerger after reviewing the “changing profile and scale” of the central London shopping district.
London’s historic luxury destination Burlington Arcade is being sold to the Reuben brothers for £300m. The arcade has been on the market since last year with estimates at one point that it could fetch over £400m.
Johanna Lightfoot has joined UK fashion chain Topshop as its new head of merchandising, moving from Ralph Lauren, which she only joined last year. She becomes the latest in a series of luxury sector hires.