UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.
As the cosmetics industry scrambles to appeal to younger consumers, a new study has found that both boomer and Gen-X women feel ignored by the current product offerings and marketing campaigns of most beauty brands.
Ant Financial, an affiliate of China’s largest e-commerce company Alibaba Group, is in talks for a syndicated loan of up to $3.5 billion at a lower rate to slash debt costs, Bloomberg reported on Wednesday.
A leading analyst has said that Harrods really needs to connect with more shoppers in the UK and also to drive more online sales from its tourist fanbase if its wants to push GTV higher as rival Selfridges is doing.
According to a study from Vestiaire Collective and Boston Consulting Group, luxury brands should be embracing the second-hand fashion boom, not least because it moulds the loyalties of future primary-market consumers.
Having arrived in Spain a year ago, Vinted has come to an agreement with local competitor Chicfy, which will shut down its portal and invite its users to migrate to the Lithuanian specialist's platform.
Few people have more famous family names in fashion than Patricia Gucci, even if she cannot really use it. A tad unfair, given the quality of her latest project – Aviteur, a new high-end luxury luggage brand.
As consumers increasingly focus on diversity at the stores they patronise, e-tail giant Zalando has announced that it’s aiming for “balanced gender representation in its senior management with wider moves also coming.
U.S. luxury department-store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores.