In a fashion industry more focused on recycling than ever before, more and more brands are launching initiatives to facilitate this and keep their products out of landfill and Burberry has unveiled a RealReal link-up.
The YNAP buy lit a rocket under Richemont sales last year, but it dented profitability. Yet the group remains strong with jewellery and watches buoyant while Chloé and Dunhill have seen good reactions to new products.
Cartier owner Richemont on Friday said “yellow vest” protests in France weighed on its sales momentum in the last three months of 2018, even as growth in key markets like China kept up at a healthy pace.
Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
Watch specialist, Watchfinder & Co has opened its first store in the West Midlands, at the Bullring, as the shopping centre continues to attract top names that are expanding their physical stores footprint.
Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, extending its reach into the second-hand watch market seen by some in the industry as a fast-growing business.