US luxury retailer Neiman Marcus Group announced itself profitable in the second quarter with a net profit of $346.3 million compared a $140.6 million in the year-ago period. Revenues rose 6.2% on last year, said NMG.
High-end British department store Harvey Nichols will team up with online fashion retailer Farfetch to sell accessories and clothes through the platform as it looks to boost web sales, the companies said on Monday.
Chinese investor and philanthropist Wendy Yu, on behalf of her Hong Kong-based company, Yu Holdings, has created an endowment in perpetuity for the position of the Wendy Yu Curator in Charge of The Costume Institute.
The Swiss watch brand and the British automaker have joined forces to commission the "RM 11-03 McLaren Automatic Flyback Chronograph" wristwatch, presented at the Geneva International Motor Show (March 8-18, 2018).
The RealReal has launched its first physical men's shop in its Soho flagship. The store will offer sneakers, streetwear and men's watches. It will be staffed by menswear experts and also offer consignment services.
Los Angeles-based sneaker brand Clae has launched a three-style capsule with Parisian brand Agnès B. The collection combines the relaxed California vibe of Clae's in-line sneakers with the design sensibility of Agnès B.
Movado has appointed two executives to lead digital and social media, and also form a new Digital Center of Excellence. Behzad Soltani is new chief digital officer and Michelle Barna-Stern is the new VP of social media.