Yoox Net-a-Porter shareholder Renzo Rosso believes Richemont's bid for full control of the online retailer is of great value, even though he is sorry to see another renowned Italian brand pass under foreign control.
E-tail may be surging, but luxury growth potential could be limited. A new study shows most UK consumers are unwilling to make expensive purchases online and prefer to head in-store to buy high-value products.
Selfridges had already told us that its Boxing Day clearance sale business was buoyant and at the weekend it said the Christmas season as a whole was better than ever with rising footfall and strong full-price sales.
Adrian Cheng's C Ventures, an investment fund focused on global next-generation fashion, retail and media companies, has just invested in Finery, an automated online wardrobe platform and Undone, a custom watch label.
Egyptian jeweller Azza Fahmy is to launch in the UK with the brand having just signed up to a store in luxury shopping-location-cum-tourist-destination Burlington Arcade as London remains a key focus for high-end brands.
Tiffany & Co posted strong same-store sales on Wednesday for the holiday period, putting it on track for its first quarterly increase in more than two years and prompting a rise in its full-year profit forecast.