Abercrombie & Fitch has entered into a global partnership with Sbe, the lifestyle and hospitality company behind nightclubs, hotels and restaurants such as SLS Hotels, Mondrian, Umami Burger and Doheny Room Skybar.
M&A deals in the luxury sector grew in number in 2017, proof of the interest investors have in a market which, according to a survey by Deloitte, is set to grow strongly for another 3 years.
Hong Kong-based designer Marie France Van Damme is joining the Las Vegas luxury shopping trend, opening a boutique in the city's newest shopping destination Wynn Plaza this fall.
Shanghai has a new luxury address, with the opening of Bulgari Hotel Shanghai. Set on the riverbank not far from the city's famous waterfront The Bund, Bulgari Hotel Shanghai is a 48-floor tower that features 82 rooms.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
Bangladesh’s RMG sector is much safer than in 2013 when the Rana Plaza disaster occurred, said US ambassador Marcia Bernicat. She added that Bangladesh has made progress on workplace safety.
Revenue for the GM group, specialised in personal and skincare products for the hotel sector, grew by 8% in 2017, driven by the group's international expansion and by market demand.
When the French outpost of Bulgari Hotels and Resorts opens in 2020, it will occupy a place on 30 avenue George V which forms one of the most exclusive and most expensive pieces of real estate in the city.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
