Luxury goods group LVMH on Wednesday posted better-than-expected second quarter revenue, lifted by accelerating momentum in its fashion and handbag division that houses its Louis Vuitton and Christian Dior megabrands.
Middle Eastern tourists are expected to boost UK luxury retail this summer with a particular interest in British brands. That’s according to Global Blue, which predicted a 16% rise in transactions by Gulf visitors.
The Spanish jewellery brand said consolidated net profit surged by 120% to 27.3 million euros last year, although the comparative period was hit by natural disasters and unfavourable currency fluctuations.
The first set of results from Watches of Switzerland since the company's May IPO have shown just what attracted investors to the business. Pre-tax profit surged and its revenues rose in high double-digits last year.
Karen Millen is to launch a jewellery collection in partnership with jewellery supplier Gecko in 2020 as part of a new multi-year licensing deal. The move complements the company’s efforts to become a lifestyle brand.
The Woolmark Prize, historically fashion’s most famous award, has significantly overhauled its advisory board for the 2020 prize, in what will be seen by many as an attempt to generate more traction and attention.
Net-A-Porter is continuing to add to its special treatment of its VIP customers with the launch this week of a private online jewellery e-salon that’s an ultra-exclusive invitation-only shopping platform.