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Frasers Group profits leap, hails elevation strategy and brand relationships
Fresh from a report this week saying it will become Britain's biggest fashion retailer by 2026, Frasers group released its annual results on Thursday and showed just why it’s expected to rise to the top of the pile.
Fashion
Tod's posts 23% rise in sales thanks to China
Tod's on Wednesday expressed confidence in its first-half profits as it reported a 23% yearly rise in revenues net of currency swings, driven by a strong performance its main market Greater China.
Luxury
Emporio Armani returns to Soho with new store
The Armani Group announced on Tuesday the return of Emporio Armani to Soho with a new store, in the heart of the historic Cast Iron District.
Luxury
Luxury giant LVMH enjoys 'excellent' first half
LVMH, the world's top luxury group, said Tuesday it enjoyed an excellent first half with net profits soaring by 30 percent to 8.48 billion euros ($9.34 billion) thanks to strong growth in Asia and Europe.
Luxury
Inter Parfums clocks record second-quarter sales, lifts annual guidance again
Global fragrance maker Inter Parfums Inc. announced on Monday a record sales quarter for the three months ending June 30, on the back of double-digit growth in both its Europe and U.S.-based operations.
Luxury
Saudi sovereign wealth fund was part of Selfridges takeover - report
It has been revealed that Saudi Arabia’s £500 billion Public Investment Fund (PIF) was a backer of the £4 billion takeover of Selfridges a year ago.
Luxury
Harvey Nichols boss says France wins in race for global shoppers, also lures shoppers from UK
Harvey Nichols' CEO is the latest exec to weigh in on the VAT-free shopping debate in the UK. She has highlighted how France has deftly attracted international shoppers and is attracting British shoppers too.
Fashion
Givenchy celebrates opening of first Los Angeles store with two Hollywood parties
The French house celebrated the opening of its first store on Rodeo Drive at the Goldwyn House in Hollywood, the Future Perfect's Los Angeles-based design gallery.
Luxury
Bluebell reportedly takes Kering stake in move to push for change
Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change, including looking at a tie-up with Cartier-owner Richemont, two sources close to the matter told Reuters on Wednesday.
Luxury
Lanvin's newly reopened Madison Avenue boutique reveals a new brand direction
The French luxury house unveiled the brand's Art Deco-inspired store design.
Luxury
Luxury giants' stock sink as China’s economy stutters
LVMH, Hermes International and other European stocks relying on sales in China were dealt a blow on Monday after data showed the nation’s economy grew more slowly than expected.
Luxury
Harrods to open first private China club catering to ultra-rich
Iconic London department store Harrods will open a new private members club in Shanghai, the first of its kind outside the UK, in a bid to tap resilient demand from ultra-wealthy Chinese.
Luxury
Elie Saab opens first boutique in Monaco
Luxury label Elie Saab has opened its first permanent boutique in Monaco, expanding the brand’s international reach.
Luxury
Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches
Swiss watchmaker Swatch Group has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that celebrate LGBT rights, in an act the company says has damaged its reputation.
Luxury
Richemont strong in Q1, fashion labels are buoyant, China outperforms but Americas weakens
The first quarter was a generally strong one for luxury giant Richemont with the company saying Monday it saw sales jumping 14% in total to €5.322 billion, or rising 19% on a currency-neutral basis.
Fashion
Nordstrom kicks off its legendary annual sale with a bevy of new vendors
The notorious sale has been a summer sales boon to the retailer for sixty years.
Luxury