Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
The year to early April was a largely good one for luxury group Burberry, despite the undeniable challenges that it faced during the 53-week FY22 period and the pandemic causing problems in China during Q4.
Millennial and Gen Z locals are forecast to drive luxury market growth in the Asia-Pacific region, according to GlobalData, as internet penetration levels and social media brand engagement increases in the region.
Landlord Shaftesbury, which owns a 16-acre portfolio in London's West End, has just got a little bigger in the retail area. The property giant has acquired a long leasehold in the lower floors of 92-104 Berwick Street.
Property giant Landsec — which owns most of Bluewater — spoke of its strong financial and operational position Tuesday, “expecting to deliver material growth in income”. And that's with UK economic turbulence factored in.
UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period.
Farfetch's luxury fashion store Browns has released its AW22 trend report and an overriding theme is a focus on sustainability, while a return to full-on glam party dressing, platform shoes and rebooted denim are key.