Burberry said on Monday it would start releasing limited edition products every month, joining a growing number of rivals in the luxury sector trying to turn out collections more frequently to keep clients hooked.
Golden Week seems to have been a golden opportunity for UK retail with new figures from Alibaba’s Alipay showing that the UK was the top shopping hotspot in Europe from October 1 to 7, up from second place last year.
Shares in LVMH fell in early trading on Wednesday even as its fashion and leather goods unit did better than expected in Q3, with the broader luxury sector also rattled by lingering fears of a Chinese slowdown.
The Burberry Foundation is launching the first in-school arts and culture programme of its scope and scale in partnership with The Hepworth Wakefield, Northern Ballet, Leeds Playhouse and Leeds Young Film.
The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering-owned label, according to an internal video message seen by Reuters.