​The UK government has been asking for evidence that the end of the VAT-three shopping perk for tourists is hurting British retail and payment software specialist Planet came up with some of that again on Friday.

Movado Group announced on Thursday net sales decreased 11.3% to $144.9 million in the first quarter, as the watchmaker faced declines in its wholesale customers’ physical stores, online retail and Movado company stores.

Amid the splendor of the Ritz in Paris, Daniel Wellington unveiled its debut handbag line, the latest new development amid a major strategic shift for the Swedish watchmaker.

Eden Park unveiled its debut watch collection this week with Alpine watchmaker Herbelin; with the sportily chic label in a bullish mood, on the eve of the Rugby World Cup in France.

A Patek Philippe wristwatch once owned by China's last emperor sold for more than $6 million at auction in Hong Kong on Tuesday.

Katchin isn’t wasting any time when it comes to expansion. The UK-based online marketplace for jewellery and watches is expanding into Germany and France this month, having launched the business just four months ago. 

LVMH announced on Monday a significant donation to provide help for the Emilia Romagna region, in Italy, and its people, who are affected by recent widespread flooding.

Independent watch brand Audemars Piguet announced on Monday the appointment of Ilaria Resta as chief executive officer.

Mexico is fascinating, Mexico is cool, and Maria Grazia Chiuri will be the last to deny it, having opted to put Mexican craftsmanship centre-stage for the 2024 Dior cruise collection show.

Barely six months after Ludovic de Saint Sernin was appointed creative director of Ann Demeulemeester the house has announced the departure of the designer. No successor has been named.

Giorgio Armani will stage his latest One Night Only fashion and soirée event in September in Venice amidst the celebrations for the lagoon city’s annual film festival, its 80th edition.

​Farfetch’s Q1 was an underlying story of progress with talk of a return to profits soon. But it also suffered from the negative impact of currency exchange and a tough backdrop meant more red ink in the accounts.

Online fashion giant Yoox Net-A-Porter (YNAP) has named Celine Lefebvre as its General Manager for the Middle East, effective 23 May.

Longchamp is reopening its store on Amsterdam's prestigious P.C. Hooftstraat, unveiling its new global design concept.

Harrods MD Michael Ward has said it's time for the government "to wake up and smell the coffee” after a minister said retail needs to provide evidence for its claims about the benefits of VAT-free tourist shopping.

​A Q4 and end-of-year update for Watches of Switzerland Group has shown that the period to the end of April continued to be strong and that it's entering FY24 "significantly ahead" of its long-range plan.