Saks Fifth Avenue owner Hudson’s Bay Co will convert parts of some department stores into co-working spaces managed by office-sharing start-up WeWork, at a time when many employees are negotiating remote-work policies.
Aston Martin has deepened its fashion sector links with two big names joining its board. Net-A-Porter founder Natalie Massenet and ex-Harrods and Saks 5th Avenue exec Marigay McKee are among its new directors.
Copenhagen Fashion Week’s return to a physical format for SS22 comes with a strong line-up of labels showing at the event from August 10-13. There will be 38 labels showing, including established names and new talent.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.