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Very Group buoyant as sales and profits soar, fashion is strong

Very Group buoyant as sales and profits soar, fashion is strong

​Very Group reported its full-year results on Tuesday with sales surging and pre-tax profits leaping even faster at the owner of the Very.co.uk and Littlewoods brands.
Fashion
Eileen Fisher to step back from CEO role at namesake brand

Eileen Fisher to step back from CEO role at namesake brand

The 71-year-old designer is planning to step down as chief executive officer before the start of 2022, but will continue to lead design at the apparel brand she founded 37 years ago.
Fashion
French luxury goods groups' shares hit by weak Chinese data

French luxury goods groups' shares hit by weak Chinese data

Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world's top fashion companies.
Fashion
British designer Ifeanyi Okwuadi wins fashion prize at 2021 Hyères Festival

British designer Ifeanyi Okwuadi wins fashion prize at 2021 Hyères Festival

London-based designer Ifeanyi Okwuadi won the fashion prize hands down at the 36th edition of the French festival, which placed a strong emphasis on sustainability, while Capucine Huguet won the accessories prize.
Luxury
UK footfall fails to grow, but recovery in London, other cities continues

UK footfall fails to grow, but recovery in London, other cities continues

​Despite continuing worries about supplies of Christmas goods, British consumers appear to be holding back from diving too enthusiastically into Christmas shopping this early in the season.
Fashion
UK e-commerce sales tax still a 'work-in-progress' - report

UK e-commerce sales tax still a 'work-in-progress' - report

​The UK government is drawing up plans to introduce an online sales tax, but don’t expect its inclusion in the chancellor’s end-of-the-month budget. The news will come as a further disappointment for physical retailers.
Fashion
Laura Ashley is back as a fashion brand in Batsheva collaboration

Laura Ashley is back as a fashion brand in Batsheva collaboration

​The comeback of Laura Ashley in the fashion sector has begun as Batsheva Hay’s eponymous Batsheva label has linked up with the UK brand in a way makes the most of its heritage and targets the upscale shopper.
Fashion
Ex-Gucci boss lined up by Carlyle as End chairman

Ex-Gucci boss lined up by Carlyle as End chairman

​Patrizio di Marco, is believed to be teaming up with private equity giant Carlyle again with a report that he’s set to take over as chairman of UK luxury retailer End.
Fashion
Harrods and Printemps owner in talks to buy Selfridges

Harrods and Printemps owner in talks to buy Selfridges

​Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.
Luxury
Swedish payments firm Klarna introduces 'pay now' option in UK

Swedish payments firm Klarna introduces 'pay now' option in UK

Swedish payments firm Klarna said on Monday it has introduced a number of changes to its product in the United Kingdom including the option for its users to "pay now" and in full.
Fashion
Saks Fifth Avenue e-commerce unit said to be aiming for IPO at $6 bln valuation

Saks Fifth Avenue e-commerce unit said to be aiming for IPO at $6 bln valuation

The e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources. 
Luxury
Hermès handbags continue to retain most value at resale; Bottega Veneta climbs

Hermès handbags continue to retain most value at resale; Bottega Veneta climbs

According to the second Clair Report on retained brand value from resale marketplace Rebag, the strongest handbag labels in 2021 were once again Hermès, Louis Vuitton and Chanel. But Bottega Veneta is hot on their heels.
Luxury
The Egyptian modelling agency 'decolonising beauty standards'

The Egyptian modelling agency 'decolonising beauty standards'

Between the frenzied rush of wardrobe changes and photographers readying for shoots, Iman Eldeeb's agency is slowly breaking new ground for Egypt's fashion scene by hiring a diverse line-up of models.
Fashion
Reliance Brands takes 40% stake in Manish Malhotra

Reliance Brands takes 40% stake in Manish Malhotra

Indian retail giant Reliance Brands Ltd (RBL) and designer Manish Malhotra have announced a strategic partnership to acquire a 40 percent stake in Malhotra's MM Styles Private Limited.
Fashion
Saks Off 5th increases minimum wage

Saks Off 5th increases minimum wage

As retailers continue to deal with a national labor shortage, the off-price luxury destination has announced that it has increased the minimum wage for all its hourly associates in North America to $15 per hour.
Luxury
Italian fashion group OTB joins LVMH-led blockchain platform

Italian fashion group OTB joins LVMH-led blockchain platform

Italian fashion group OTB has joined a consortium formed by luxury goods heavyweights LVMH, Prada and Cartier that uses blockchain technology to trace the origin of high-end products to fight counterfeiting.
Luxury