Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.
Rinaldi became co-chief operating officer of the luxury retail group alongside Manju Malhotra in 2017. Malhotra will remain in her role, working alongside the management board to ensure the group continues to thrive.
JP Hackett has opened the Savile Row townhouse location that it announced earlier this year with the high-end menswear brand adding further to its central London offer as the nearby Jermyn Street location remains open.
Burberry has introduced a new global parental leave policy and will offer all employees 18 weeks of parental leave at full pay and the opportunity to work a 30-hour week at full pay for four weeks on their return.
The fragile retail sector in the UK, and especially in central London, is continuing to get support from spending by international shoppers and American and Russian consumers are prominent among those, Global Blue said.
The Italian fashion brand celebrated the eclecticism of "King Giorgio" in Milan on Thursday, unveiling its first haute joaillerie offering and an exhibition of accessories, as well as its Pre-Fall collection.