One thing Paris would not appear to need is another hotel. Yet LVMH launched two five-stars this fall. We met CEO Jean-Christophe Babin to talk about the latest, Bulgari Hotel, and the race to be Paris' best inn.
A lack of lockdowns this autumn meant online retailers failed to match last year’s Black Friday digital shopping bonanza, with trading down 14.3% year-on-year. That was slightly worse than the anticipated 10% drop.
UK shoppers plan to spend £8.4 billion on buying Christmas gifts from independent retailers, some £2 billion more that a year ago, new research from Direct Line business insurance shows. That's 28% of their budget.
How’s this for a positive trading statement opening: “Confidence, footfall, trading recovering; rebound in occupier demand driving vacancy down towards pre-pandemic levels; valuation recovery in second half”.
Spanish fashion retail giant Inditex said Tuesday Marta Ortega, the daughter of its founder, will take over as chairwoman in April with a new CEO, as a last step of a generational handover started a decade ago.
A good week-on-week gain, but still well below pre-pandemic numbers. That was Black Friday (26 November) shopper traffic numbers across the UK. Footfall was 35% higher week-on-week, but still down 23% on two years ago.
London West End footfall in the seven shopping days from 22-28 November inched up 2% week-on-week, and rose 11% over last year's Black Friday, latest figures from the New West End Company (NWEC) showed on Monday.