
Alibaba Group Holding Ltd is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd, the Information reported on Monday, citing people familiar with the matter.
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Alibaba Group Holding Ltd is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd, the Information reported on Monday, citing people familiar with the matter.
Having launched accessories earlier this year, the luxury resale platform announced further category expansions on Wednesday, revealing that it is now selling and accepting watches and fine jewelry.
Harrods is focusing on key categories for Christmas with fine jewellery pop-ups designed to maximise sales to very affluent consumers.
Richemont will go ahead with its plan to issue warrants to shareholders which can be traded or eventually used to acquire new shares, the luxury goods company said on Friday.
What is your definition of luxury? Most people would have a hard time agreeing, and a cleverly eclectic exhibition in the Musée des Arts Décoratifs in the Louvre entitled Luxes, which opens Thursday, redefines the term.
LVMH has appointed Benjamin Vuchot as CEO and chairman of tax-free luxury product specialist DFS Group, which has been especially affected by the coronavirus crisis.
Luxury goods group Richemont still has to be cautious and keep its cash in light of the ongoing COVID-19 pandemic, its chairman said during a webcast on Wednesday.
E-commerce giant Alibaba has launched a set of new functionalities on its Tmall Luxury Pavilion site, designed to enable leading labels to reach out to the younger cohorts of Chinese luxury consumers.
Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.
Italy's luxury group Moncler will bring its e-commerce channel in-house with a view to double the share of its online business over the next three years, the company said on Monday.