Lanvin Group announced on Tuesday the resignation of its chief financial officer, Shang Koo. David Chan, the Group's executive president, will serve as interim CFO while the luxury group searches for Koo's replacement.
The festive shopping season in the UK saw a noticeable revival of consumers visiting physical stores as they discovered the joys of shopping face-to-face. And that seems to have benefited London's Oxford Street.
London-based software start-up Emporia has raised over £10 million of expansion funding “to reimagine the e-commerce space”. It’s aiming to bring retail into the metaverse by providing the tech to build virtual stores.
Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
UK retail vacancy rates improved in the final quarter of 2022 to 13.8%. But before you get too excited, it was only better by 0.1% on Q3 and 0.6 percentage points better than the same period last year.
The Parisian luxury label has taken its first steps into childrenswear with a collection for new-born babies up to 12 months of age, which will be available at select Louis Vuitton stores from March 3.
The LVMH chairman took advantage of the record results presentation to underline the power of the luxury giant in the face of its rivals but also to praise its managers, while avoiding the subject of his succession.