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.

A year on from its launch, Yoox has declared its 8 by Yoox own label a success and is expanding the technology it uses to arrive at the brand’s designs.

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.

Award-winning singer, producer and actress Jennifer Lopez has been chosen as the new face of New York-based luxury brand Coach for Spring 2020.

The Walpole Awards on Monday evening highlighted the importance of the luxury sector to the UK economy and hailed some of its key names for the impact they've made at home and abroad.

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.

Located at the exclusive Ginza Marronnier building in Tokyo, this is the first Burberry flagship store in Japan to be built in line with chief creative officer Riccardo Tisci’s new store concept.

Net-A-Porter has unveiled a capsule collaboration for party season with Versace as the e-tailer continues the trend for luxury e-stores to offer as much exclusive product as they can.

The Parisian luxury brand has announced the reopening of its newly renovated and expanded store on San Francisco’s Grant Avenue.

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.

Farfetch remains loss-making but its better-than-expected results released on Thursday saw a spike in its share price and its CEO talking up its progress as sales surged and it won market share.

A good response to Riccardo Tisci-created products and a groundbreaking new digital-to-phsyical social shopping deal with Tencent were the big news Burberry had to share on Thursday.

European outlet malls operator Via Outlets has reported “strong results and continued growth” on the back of  its major remodelling work across its portfolio.