The gradual recovery of the pound from its post-Brexit vote low in June 2016 is in danger of denting London's luxury tourist trade, according to Thierry Andretta, the CEO of luxury leathergoods specialist Mulberry.
Mulberry had plenty of news on Wednesday with the luxury firm announcing its full-year results and also a new business deal for South Korea. It's improving internationally although the UK remains a tough market.
London’s historic luxury destination Burlington Arcade is being sold to the Reuben brothers for £300m. The arcade has been on the market since last year with estimates at one point that it could fetch over £400m.
Johanna Lightfoot has joined UK fashion chain Topshop as its new head of merchandising, moving from Ralph Lauren, which she only joined last year. She becomes the latest in a series of luxury sector hires.
Harrods is on a major drive to ‘do good’, reduce waste and also to reach its Millennial target consumers in ways that are important to them. And its latest initiative certainly does all of these things.
China’s Fosun International won the bidding war for Lanvin against the Qataris this month for reasons that have little to do with money, creative vision or strategy for France’s oldest fashion maison, four sources said.
Fashion labels may be falling over themselves to court young, smartphone-wielding shoppers, but the industry's initial enthusiasm for the see-now-buy-way runway seems to be waning as brands questions its benefits.
The latest house to develop a new way of showing its women’s ready-to-wear is Mulberry, which presented on a London runway, a collection much of which it first revealed in a Paris showroom four months before.