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Covent Garden landlord Capco upbeat on 2021 prospects

Covent Garden landlord Capco upbeat on 2021 prospects

There are 34 days (and counting) to go until non-essential retail reopens in England and optimism mounts. And London's Covent Garden surely isn't alone in its enthusiasm to return to business.
Fashion
Kith opens first European store in Paris

Kith opens first European store in Paris

The American brand founded by Ronnie Fieg is opening a store in the French capital. Spread over three floors, the 16,000-square-foot location not only offers the label's latest collections, but also a restaurant. 
Fashion
Jay-Z sells half his champagne brand to LVMH

Jay-Z sells half his champagne brand to LVMH

LVMH, the world's biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z.
Lifestyle
Skinnydip dives into AI-powered merchandising and A/B testing to boost online sales

Skinnydip dives into AI-powered merchandising and A/B testing to boost online sales

It took the pandemic to shift all sales operations online. So clothing, lifestyle and accessories retailer Skinnydip London introduced automated merchandising and A/B testing technology to boost its digital operations.
Fashion
Harrods sales, profits rose last year but retailer faces huge challenges today

Harrods sales, profits rose last year but retailer faces huge challenges today

2020 has proved to be “a significant challenge” for luxury store Harrods, but before the unprecedented events that began in March, the business posted rises in both sales and profits. 
Luxury
Fortnum & Mason names Matchesfashion's Athron to top post

Fortnum & Mason names Matchesfashion's Athron to top post

​Fortnum and Mason has found a new CEO with Matchesfashion’s Tom Athron set to join in the post on December 1. The appointment comes after Ewan Venters announced in September that he would leave the company in January.
Luxury
Notonthehighstreet mulls £200m sale on revenues surge - report

Notonthehighstreet mulls £200m sale on revenues surge - report

Notonthehighstreet has thrived during the pandemic with the result that the online marketplace for small businesses is reportedly considering a sale to private equity or a trade bidder.
Fashion
Unilever clears first hurdle in planned unification move

Unilever clears first hurdle in planned unification move

​Unilever NV shareholders have approved plans to end the Anglo-Dutch company's dual-headed corporate structure and form a London-based entity, which it says will make dealmaking simpler.
Beauty
Fortnum & Mason CEO to quit for arts job

Fortnum & Mason CEO to quit for arts job

Fortnum & Mason CEO Ewan Venters is leaving the luxury department store after eight years to take up the top role at international art gallery Hauser & Wirth.
Luxury
Britain's Selfridges to axe jobs on virus retail storm

Britain's Selfridges to axe jobs on virus retail storm

British department store group Selfridges warned Tuesday that it plans to axe 450 jobs after sales slumped due to the coronavirus and the aftermath of the nationwide lockdown.
Fashion
Cannes travel retail show cancelled as duty free reels from air travel halt

Cannes travel retail show cancelled as duty free reels from air travel halt

The Tax Free World Association has cancelled its flagship World Exhibition that was due to take place in Cannes in September and October.
Fashion
Hong Kong March retail sales plunge 42% year-on-year due to coronavirus

Hong Kong March retail sales plunge 42% year-on-year due to coronavirus

Hong Kong's retail sales fell by 42% in March from a year earlier, as travel restrictions kept tourists away and most residents steered clear of shops and restaurants for fear of catching the coronavirus.
Fashion
Thousands of small shops to miss out on government funding

Thousands of small shops to miss out on government funding

More than 3,650 small firms, including retail stores, pubs, restaurants and other types of leisure units in England are each set to lose out on £15,000 of government grant funding, a new report has found.
Lifestyle
As world cowers, China glimpses coronavirus aftermath

As world cowers, China glimpses coronavirus aftermath

Restaurants are reopening, factories are stirring, and in one of the clearest signs yet that China is awakening from its coronavirus coma, the country's "dancing aunties" are once again gathering in parks and squares.
Lifestyle
Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills

Gucci unveils Gucci Osteria da Massimo Bottura in Beverly Hills

Set to open to the public on February 17, the new Osteria is located on the roof of Gucci's Los Angeles store and is led by Michelin-star chef, Massimo Bottura, the chef patron of Osteria Francescana.
Luxury
Louis Vuitton to open largest store in Japan this February with attached restaurant

Louis Vuitton to open largest store in Japan this February with attached restaurant

LVMH brand Louis Vuitton will open its largest flagship store in Japan in Osaka’s Shinsaibashi on February 1 and will open its first café and restaurant inside the flagship store on February 15.  
Luxury