Snap Inc shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry.
The Swiss luxury watchmaking company, which has corners in El Corte Inglés in Spain, has set up shop at number 11 of José Ortega y Gasset street in Madrid.
The number of fashion sales in France remained stable from January to March compared to 2020, but declined by 17% compared to 2019. Camaïeu and Promod are rising in the rankings led by Leclerc.
French cosmetics group L'Oreal is not so far seeing any impact from inflation on purchases of beauty products, its chief executive told Reuters on Tuesday.
Exor, the holding company of Italy’s Agnelli family, said on Tuesday it has appointed Axel Dumas, CEO of French fashion house Hermes , as a non-executive board member, its latest move in the luxury sector.
The LVMH-owned brand has launched an ultra-chic pet accessories collection. Its muse is none other than Elvis, creative director Hedi Slimane’s labradoodle.
Ralph Lauren Corp forecast full-year revenue above estimates on Tuesday, as demand for its affordable luxury goods from the affluent in the United States and Europe stays strong.
Abercrombie & Fitch Co on Tuesday cut its annual forecasts for sales and margins after posting a surprise quarterly loss amid a surge in freight and raw material costs, sending its shares down 30% in premarket trade.
Luxury giant Chanel on Tuesday reported 2021 revenues that surged 49.6% year-on-year to $15.6 billion. And it's confident it will deliver another year of solid growth in 2022.
Boohoo Group’s PrettyLittleThing label has announced its ‘Designer of the Year’ competition alongside award-winning director, singer, songwriter, choreographer, actress and model Teyana Taylor.
Luxury department store Harrods has finally appointed its first chief financial officer in five years. Tim Parker will join the business after 10 years at Hong Kong-based, London-listed conglomerate Jardine Matheson.
Faster and better than expected. That’s the recovery story from events specialist Hyve Group in its 2022 interim update on Tuesday. The events firm also said future focus will be “on sectors, rather than geographies”.
Secret Sales has launched a fulfilment service to support brands requiring a UK distribution centre. It’s called Fulfilment by Secret Sales and it aims to solve logistics challenges.
Club L London has launched in Ireland. The accessible luxury online retailer can now be shopped on clubllondon.ie. The launch comes after the brand saw total Ireland traffic figures increase 90% in Q1 2022 vs Q4 2021.
Delivery systems that can be trusted have always been essential for online retailers in keeping consumers happy. But research shows delivery is now one of the biggest deal-breakers.
