Luxe fashion names are focusing heavily on boosting their e-tail ops and Hackett said it has achieved 97% growth in international e-tail, three months after partnering with cross border e-commerce specialist Global-e.
Department store Jenners could be under threat in Edinburgh with the owner of the building it occupies, Bestseller's boss, planning to convert the space into a part-retail location with a hotel, bar and restaurant.
Victoria Beckham’s fashion business remains loss-making and the latest accounts, for 2018, show that its losses widened last year as sales fell. But it also talked of profitable Q4 EBITDA for the current year.
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.
Rinaldi became co-chief operating officer of the luxury retail group alongside Manju Malhotra in 2017. Malhotra will remain in her role, working alongside the management board to ensure the group continues to thrive.
Chanel has pushed up the date of its next Métiers d’Art show, as Paris braces for a new series of transport strikes in December. Originally scheduled for Thursday, December 5, but now advanced to Wednesday, December 4.