Richemont is moving its enterprise IT infrastructure to Amazon Web Services in a deal to drive more dynamic e-tail experiences, more personalisation, better supply chain management and many other benefits.
Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Online resale specialist StockX says that pre-Black Friday search trends include comfort being key and shoppers on the marketplace being interested in Ugg, Telfar, Rick Owens, Clot, Parra and Kanye's Yeezy Foam Runners.
Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.
Major London landlord Great Portland Estates has unveiled one of the latest fashion and retail-focused London developments and added an interesting and unique element to the still-recovering West End.
H1 results at Burberry showed it making “strong progress”, with full-price sales surging and higher margins. Outerwear and leather did well and it's expanding its new store concept rollout as it boosts customer spend.
The Italian luxury house has announced net income of 40 million euros for the first nine months of the fiscal year, solid results reflecting the brand's recovery, which has been led by Asia and the United States.
The Kering luxury group announced Wednesday evening that Daniel Lee has abruptly quit his position as creative director of Bottega Veneta after just three years at the helm. No successor has been named.