Chinese tourists can now to pay for purchases in two of the city's famous department stores with their smartphones, thanks to the adoption of the payment app of the popular Chinese social media network, WeChat.
Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.
Luxury handbag maker Hermes said sales growth had accelerated in the third quarter, as demand for its perfume and scarf lines proved particularly strong and its performance in Europe and the Americas improved.
Following a stellar second-quarter performance, Michael Kors' CFO outlined this week its strategy for the firm's holiday quarter, including less promotional days and a Google campaign to market its Access smartwatch.
Warren Buffett announced that Berkshire Hathaway-owned Ben Bridge Jeweler has named Lisa Bridge as President and COO of the company, appointing its first female President and its youngest top executive in 60 years.
The British arm of luxury outerwear brand Moncler said the opening of a three-storey 3,550 sq ft flagship store on Old Bond Street helped lift sales by 44% to £35.2 million in the year to 31 December 2016.