The UK government is drawing up plans to introduce an online sales tax, but don’t expect its inclusion in the chancellor’s end-of-the-month budget. The news will come as a further disappointment for physical retailers.
The comeback of Laura Ashley in the fashion sector has begun as Batsheva Hay’s eponymous Batsheva label has linked up with the UK brand in a way makes the most of its heritage and targets the upscale shopper.
Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.
The e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources.
As retailers continue to deal with a national labor shortage, the off-price luxury destination has announced that it has increased the minimum wage for all its hourly associates in North America to $15 per hour.
Italian fashion group OTB has joined a consortium formed by luxury goods heavyweights LVMH, Prada and Cartier that uses blockchain technology to trace the origin of high-end products to fight counterfeiting.
The Swiss private equity firm, owner of Borsalino, has hired a new operating partner, Jérôme Macario, a corporate finance specialist who has worked at Kering, with the aim of investing in luxury brands.
Hard-pressed fashion retailers awaiting government plans for a major shake-up in business rates will have to wait. A call from 40 trade associations for the overhaul to be included in upcoming Budget have been dashed.