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Recovery continues at M&S as Christmas quarter's fashion sales rise
M&S’s powerful recovery story continued over the Christmas period with the UK retail giant saying Thursday that constant currency sales rose 18.6% year-on-year and 8.9% compared to two years ago.
Fashion
Selfridges new owners have big plans for Oxford Street development
The new owners of Selfridges have major property development plans for the site in Oxford Street, London, with a luxury hotel and flats to be created. They will also continue to upgrade the main department store.
Luxury
Central and Signa win Selfridges, Holt Renfrew not included
It’s official — Thailand’s Central and Austria’s Signa are buying Selfridges Group from the Weston family. The transaction “will create one of the world’s leading omnichannel luxury department store groups”.
Fashion
Fortnum & Mason names Burberry's Robertson to new post, aims for innovation
Luxury London store Fortnum & Mason has named Iain Robertson to the newly created role of chief operating and innovation officer. He joins in February.
Luxury
Mr Porter links with Glenfiddich and Nicholas Daley
We’re more used to hearing about fashion collabs from Mr Porter but the luxury e-tailer has just unveiled a link-up that suggests it’s nodding towards a wider lifestyle offer.
Fashion
Dior’s full court press: Unveils uber luxe spa, fetes Cordelia de Castellane
Dior went into full court press in the first 48 hours of Paris Fashion Week – unveiling its new Cheval Blanc spa, feting its Dior Home and Kids creator Cordelia de Castellane, and unveiling a Miss Dior floral pop-up.
Fashion
M&S buoyant as fashion demand recovers
There was some good news coming out of Marks & Spencer for once on Friday as it upgraded its profit outlook after shoppers went online to buy more of its revamped clothing offer and also bought plenty of its foods.
Fashion
LVMH's Moët Hennessy teams up with Campari in wines, spirits e-commerce venture
LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European e-commerce player in the sector.
Luxury
Café Lapérouse: backed by an Arnault, designed by Cordelia de Castellane
The Arnault family have a new interest in the experiential economy, a thoroughly chic new restaurant, backed by Antoine Arnault and located in Paris' grandest square.
Lifestyle
D’Orsay launches fresh scents, as CEO Amélie Huynh debuts restaurant in Toulouse Lautrec’s chateau
It’s been a busy week for Amélie Huynh, the CEO of Parfums D’Orsay, the inventive French perfume marque, who just launched a series of new scents and interior fragrances in Paris.
Lifestyle
West End bounce-back continues after further lockdown easing
The reopening of pubs, restaurants and entertainment venues on Monday boosted footfall to the West End this week, which would have had a positive knock-on effect on retailers in the district.
Fashion
Emporio Armani Caffè reopens in Paris with terrace
“Un café, s’il vous plaît!” Coffee time is about to return to Paris, notably at Emporio Armani Caffè, which will reopen for business on May 19, when France finally authorizes the use of restaurant and café terraces.
Lifestyle
M&S revamps leadership team as next step of strategy
M&S has unveiled a major realignment of its senior leadership team with CEO Steve Rowe making the changes after saying the firm has finished the ‘Fixing the Basics’ part of its strategy and is ready for the next step.
Fashion
Business digitisation specialist Trax raises $640 million
Singapore-based specialist in the digitisation of retail brands, Trax has announced that it has raised funds totalling €539 million ($640 million) which it will use to develop its services for retailers.
Fashion
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
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