Alibaba has invested in luxury online wholesale fashion tech firm Ordre as the three-year-old company positions itself for major growth. Ordre said Alibaba is now “a strategic investor,” but the terms weren’t disclosed.
Matchesfashion went from strength to strength in the year that it was bought out with revenues up 44% and profits up 34%. And importantly, as much as 82% of its business was generated outside its home market, the UK.
The Paris Court of Appeal has acknowledged the exclusive rights of designer Christian Louboutin for red shoe soles in a dispute pitting the label against Kesslord, a brand offering models with similar features for sale.
Upscale department store operator Nordstrom Inc’s shares dropped more than 7% on Thursday after the retailer reported same-store sales that missed analysts’ estimates, including a weak quarter for its shoe business.
Tom Athron has been appointed as new chief operating officer, and Lea Cranfield will take up the role of commercial director. Kim Hartlev will become new chief technology officer at the luxury company.
Burberry seems to be on track with its transformation plan with sales and profits not suffering as it enters a period of fast change. But tough comparisons and regional variations also had an impact on its latest year.
The Global Brand Counterfeiting Report 2018 was published on Monday, revealing a growing problem in the luxury industry, where online sales of fake goods accounted for 31% of total counterfeiting-related losses in 2017.
Luxury concept store The Shop at Bluebird has opened its much-anticipated new flagship location with a debut on London’s Floral Street, just down the road from the street’s most famous tenant, Paul Smith.
Giambattista Valli has opened a London flagship on Sloane Street as the key shopping thoroughfare’s profile moves even further upmarket with a raft of recent openings adding to its ultra-luxury appeal.
Q1 wasn't an undiluted triumph for Yoox Net-A-Porter as the off-price business proved a little slow. But full-price Net-A-Porter and designer e-stores powered ahead, even though exchange rates had a negative effect.
Barneys New York is bringing The Drop, its two-day 90-brand immersive shopping experience, to its Beverly Hills flagship. The first LA Drop will debut 20 exclusive capsules, and feature designer appearances.
Titan Industries, footwear licensee for Badgley Mischka and Splendid, has announced Joel Oblonsky as its new CEO. Oblonsky brings twenty years of experience from Nine West Group, Polo Ralph Lauren and Nina Footwear.