The storied French crystal maker Baccarat has been placed in administration by a court trying to determine if its Chinese owner will be able to raise emergency funds as sales tumble, the company said Tuesday.
LVMH has denied planning to buy Tiffany shares on the open market, contradicting market rumors stating that they were about to do exactly that, after the US jeweler's stock price fell on the New York Stock Exchange.
Next may have seen full-price sales falling in its physical shops in recent months, but its online strength carried it through and its sales are ahead for the year to date, for Q4 and for the Christmas period.
The Italian luxury menswear label's perfume line will be launched in Q4 2020 and will be distributed through Lalique’s retail network, with a focus on Brioni’s key markets, among them the USA, Russia, Europe and Japan.
The owner of the Ikea furniture brand expects sales to grow this fiscal year as online trade expands, but profits will be tempered by increased investment as the brand battles web specialists like Amazon and Made.
The need to match rivals' prices is continuing to impact John Lewis with the company still being forced into discounts. And it doesn't play along, its sales are going into reverse as could be seen in its latest week.