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Chanel endures tough 2020 but recovery is on track

Chanel endures tough 2020 but recovery is on track

Chanel expects to be riding high again this year after a tough 2020, with sales forecast to rise in double-digits. That’s according to the company’s CFO on Tuesday after it released its pandemic-hit 2020 figures. 
Luxury
Burberry links with Mythical Games for NFTs move in Blankos Block Party

Burberry links with Mythical Games for NFTs move in Blankos Block Party

​Burberry continues to explore gaming as a key marketing channel and has announced its “first exploration into the world of NFTs”. It’s partnering with Mythical Games on a limited-edition Blanko in Blankos Block Party.
Luxury
Mr Porter launches vibrant summer collab with Tom Ford

Mr Porter launches vibrant summer collab with Tom Ford

The online men’s fashion destination has released the second installment of its “Hosted by” initiative, teaming up with iconic American luxury brand Tom Ford for an exclusive collection inspired by 1970s Los Angeles.
Fashion
NBA All-Star James Harden joins Saks board

NBA All-Star James Harden joins Saks board

Luxury e-commerce company Saks announced on Monday the appointment of NBA All-Star, entrepreneur and investor, James Harden, as an independent member of its board. 
Luxury
Valentino results dragged down by pandemic

Valentino results dragged down by pandemic

The health crisis had a strong negative impact on the results of the Italian brand, which posted a net loss of 127 million euros in 2020, compared to earnings of 33 million euros in the previous year.
Fashion
Dior and cosmetics lead French luxury market since start of pandemic

Dior and cosmetics lead French luxury market since start of pandemic

French shoppers have favoured Dior, Chanel and Saint Laurent since the end of May 2020, according to a YouGov study, and have opted more for fragrances and cosmetics than for fashion categories.
Luxury
Premium rental brand Rotaro opens on Carnaby Street

Premium rental brand Rotaro opens on Carnaby Street

The onward march of rental is continuing with landlord Shaftesbury announcing the arrival of Rotaro, a premium womenswear rental pop-up at 45 Carnaby Street. 
Fashion
Ahluwalia wins BFC/GQ menswear prize on day Mulberry collab launches

Ahluwalia wins BFC/GQ menswear prize on day Mulberry collab launches

It’s big day for Priya Ahluwalia. Not only has her collaboration with Mulberry just launched, but on Monday, it was revealed that she’s the winner of the 2021 BFC/GQ Designer Menswear Fund.
Luxury
LK Bennett makes loss, but is upbeat for future

LK Bennett makes loss, but is upbeat for future

​LK Bennett has filed its latest results at Companies House and while they only cover the 12 months to February last year, they did include some information about how it has fared in the Covid-hit environment since then.
Fashion
Tapestry highlights progress in new corporate responsibility report

Tapestry highlights progress in new corporate responsibility report

Tapestry Inc released its latest annual corporate responsibility report on Friday, highlighting social and environmental progress made in the 2020 fiscal year. 
Luxury
Ferrari debuts in fashion with a Generation-Z collection

Ferrari debuts in fashion with a Generation-Z collection

Ferrari, with its prancing stallion symbol, may be the ultimate masculine luxury symbol of Italy. But when it launched its first fashion collection this weekend there were more girls than guys on its catwalk.
Fashion
London Fashion Week opens with Bethany Williams, Auroboros, Qasimi and eco-responsibility

London Fashion Week opens with Bethany Williams, Auroboros, Qasimi and eco-responsibility

An almost entirely digital London Fashion Week opened Saturday with humanitarian and eco-responsible visions, best exemplified by Bethany Williams, the socially engaged designer who has long used recycled garments.
Fashion
Hermès opens first Michigan store in Troy

Hermès opens first Michigan store in Troy

The Parisian luxury brand has opened its first location in Michigan, at the Somerset Collection mall, in the northern suburb of Metro Detroit, Troy, revealing a store design that channels the landscape of the Midwest.
Luxury
Stella McCartney heads to G7, at BFC Forum says eco is "the future of fashion"

Stella McCartney heads to G7, at BFC Forum says eco is "the future of fashion"

One of fashion’s biggest names has issued a warning to the fashion sector not to get too complacent about current green drives as there’s a lot more work to be done, with legislation also needed. 
Fashion
Selfridges owners reportedly mull sale with £4bn price tag

Selfridges owners reportedly mull sale with £4bn price tag

​Selfridges is reportedly up for sale — or at least its owners are exploring their options — after a mystery buyer approached the business with an offer, reports claimed on Friday.
Luxury
BFC and Clearpay create Chelsea shopping quarter for London Fashion Week

BFC and Clearpay create Chelsea shopping quarter for London Fashion Week

Clearpay certainly isn’t taking a back seat as sponsor of London Fashion Week. The buy-now-pay-later finance provider unveils ‘Clearpay Quarter’ a three-day, fashion-focused pop up (11-14 June) on London’s King’s Road.
Fashion