The latest news
New data shows end of UK VAT-free shopping again boosts Europe
The UK government has been asking for evidence that the end of the VAT-three shopping perk for tourists is hurting British retail and payment software specialist Planet came up with some of that again on Friday.
Movado first quarter suffers on U.S. retail, wholesale
Movado Group announced on Thursday net sales decreased 11.3% to $144.9 million in the first quarter, as the watchmaker faced declines in its wholesale customers’ physical stores, online retail and Movado company stores.
Daniel Wellington unveils handbag line amid major strategic shift
Amid the splendor of the Ritz in Paris, Daniel Wellington unveiled its debut handbag line, the latest new development amid a major strategic shift for the Swedish watchmaker.
Eden Park unveils first watches; bullish for 2023 with Rugby World Cup in France
Eden Park unveiled its debut watch collection this week with Alpine watchmaker Herbelin; with the sportily chic label in a bullish mood, on the eve of the Rugby World Cup in France.
Watch owned by China's last emperor sells for $6 million
A Patek Philippe wristwatch once owned by China's last emperor sold for more than $6 million at auction in Hong Kong on Tuesday.
After UK launch, accessories marketplace Katchin enters Europe
Katchin isn’t wasting any time when it comes to expansion. The UK-based online marketplace for jewellery and watches is expanding into Germany and France this month, having launched the business just four months ago.
LVMH makes donation to Emilia Romagna Region
LVMH announced on Monday a significant donation to provide help for the Emilia Romagna region, in Italy, and its people, who are affected by recent widespread flooding.
Audemars Piguet names Ilaria Resta as CEO
Independent watch brand Audemars Piguet announced on Monday the appointment of Ilaria Resta as chief executive officer.
Dior cruise collection: a modern-day Frida Kahlo in Mexico City
Mexico is fascinating, Mexico is cool, and Maria Grazia Chiuri will be the last to deny it, having opted to put Mexican craftsmanship centre-stage for the 2024 Dior cruise collection show.
Ludovic de Saint Sernin leaves Ann Demeulemeester
Barely six months after Ludovic de Saint Sernin was appointed creative director of Ann Demeulemeester the house has announced the departure of the designer. No successor has been named.
Giorgio Armani to stage One Night Only in Venice
Giorgio Armani will stage his latest One Night Only fashion and soirée event in September in Venice amidst the celebrations for the lagoon city’s annual film festival, its 80th edition.
Farfetch still loss-making in Q1 but bosses pleased with major progress
Farfetch’s Q1 was an underlying story of progress with talk of a return to profits soon. But it also suffered from the negative impact of currency exchange and a tough backdrop meant more red ink in the accounts.
YNAP names new Middle East GM
Online fashion giant Yoox Net-A-Porter (YNAP) has named Celine Lefebvre as its General Manager for the Middle East, effective 23 May.
Longchamp unveils new global store design with Amsterdam reopening
Longchamp is reopening its store on Amsterdam's prestigious P.C. Hooftstraat, unveiling its new global design concept.
Harrods boss says government burying heads in sand over VAT perk for tourists
Harrods MD Michael Ward has said it's time for the government "to wake up and smell the coffee” after a minister said retail needs to provide evidence for its claims about the benefits of VAT-free tourist shopping.
Watches of Switzerland still outperforming, but sees headwinds
A Q4 and end-of-year update for Watches of Switzerland Group has shown that the period to the end of April continued to be strong and that it's entering FY24 "significantly ahead" of its long-range plan.