Luxury leathergoods brand Smythson's accounts show the year to March 29 2020 was a difficult one for the firm. But a sale and licence-back deal since then has offered stability and a digital focus is yielding rewards.
Italian leather goods specialist Valextra has named Xavier Rougeaux to be its new chief executive officer; while veteran luxury executive Ralph Toledano joins its board. The appointments are effective immediately.
The ailing fashion group, listed on the Hong Kong stock exchange, has appointed Mark Daley, formerly with Billy Reid, Ralph Lauren and DFS, as its new CEO, while Yung Ting Wan has taken charge of product development.
A group of big names in premium and luxury retail have joined the chorus of British businesses pleading with the government to reverse its decision to axe tax-free shopping for tourists in its current form.
As the world tries to get back to normal despite the risk of a Covid-19 second wave, delayed movies are now being released and product tie-ins, including one for the latest in the Kingsman series, are debuting.
High-end leather goods specialist Smythson has reported higher losses in the year to the end of March 2019 with the company saying that its materials costs rose and the trading environment in the UK was tough.