Covid-19 was no friend to cash. The pandemic saw retail transactions via payment cards rocket in 2020, according to the British Retail Consortium (BRC). Cash now accounts for just 15% of total spending in retail.
Luxury lifestyle brand BALR is relaunching in Britain and Ireland this season and has appointed Start agency as its UK sales partner. The label launches in lHarvey Nichols, Selfridges, and the expanding Flannels chain.
UK-based luxury brand Belstaff has released its results for the whole of 2020 and it was a decidedly mixed bag with clear improvements in some areas but the INEOS-backed business was still loss-making.
French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
Four characters from the video game – Doggo, Ramirez, Knight and Banshee – will now be able to don pieces inspired by collections from the French luxury house, which is also releasing physical Fortnite apparel.
Paul & Joe showed its new collection in London on September 20, a first for the French label and a reflection of its new approach, which its founder has described to FashionNetwork.com in an exclusive interview.
Emma Raducanu is fast becoming one of fashion’s favourite sports stars. Only a week after appearing as a last-minute addition to the Met Gala red carpet in a Chanel dress, she’s been confirmed as a Tiffany ambassador.
Matchesfashion has named a new CEO, six months after the departure of its previous leader Ajay Kavan. The new chief executive is Paolo de Cesare, who had run Paris-based department store group Printemps until March 2020.
Sergio Tacchini Europe and Sugi International have announced a new long-term footwear licence deal that will see products launching for AW22. Sugi will distribute the branded footwear to retailers across the EMEA region