Landlords may be under pressure, but Mayfair's Grosvenor has unveiled a radical plan to invest in the businesses of some retail tenants in the key shopping neighbourhood and "rewrite what it means to be a landlord".
E-tailer Yoox has signalled a big vote of confidence in artificial intelligence and has widened the remit of its YoooxMirror tech with an expanded catalogue now available to ‘virtually' try on using the programme.
This year's event featured a free, digital format and included talks from FashionNetwork.com's own editor-in-chief Godfrey Deeny, M Missoni creative director Margherita Missoni and Giambattista Valli, among others.
Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.
With more and more UK fashion store closures hitting the headlines, it’s refreshing news that Frasers Group’s luxury banner Flannels is continuing to open new stores as part of a major investment plan.
Luxe label Canali has opened its new flagship on the corner of New Bond Street and Brook Street. The opening coincides with its 85th anniversary with Canali saying it “marks an exciting new chapter for the brand”.
Luxury shopping in the post-Covid era is seen again as an exclusive gratification, a localised, digital and sensorial experience through authentic, high-added-value products, according to market research firm Ipsos.
Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.
UK retail took a big hit on Friday with negative news that consumer confidence plummeted in October with GfK’s index delivering worsening figures ahead of what could be a dismal Christmas selling period.
French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.