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Chanel issues bond linked to climate targets

Chanel issues bond linked to climate targets

French luxury label Chanel on Thursday raised a 600 million euro bond with clauses linked to its environmental goals, as firms in a sector under scrutiny from waste-conscious shoppers ratchet up green initiatives.
Luxury
UK launches pared-back job support scheme as Covid cases rise

UK launches pared-back job support scheme as Covid cases rise

UK finance minister Rishi Sunak on Thursday unveiled fresh plans to help the pandemic-hit economy with a jobs support scheme to help people employed on shorter hours, but warned he could not save every business or role.
Fashion
Down but not out, Temperley confident in new strategy after weak 2019

Down but not out, Temperley confident in new strategy after weak 2019

Temperley has been through some tough times in recent years and experienced a "significant downturn" in trading due to the impact of Covid-19 this year. But a new positioning and strategy is key to its fightback.
Fashion
Consumers hold brands to account over pandemic actions - report

Consumers hold brands to account over pandemic actions - report

​The ethical behaviour of online brands during the pandemic is lingering in the memory of consumers and will have a lasting impact on customer loyalty in the UK and Ireland.
Fashion
Gucci announces upcoming collaboration with The North Face

Gucci announces upcoming collaboration with The North Face

The world-famous Italian luxury fashion house has revealed that it is teaming up with the iconic American outerwear brand for an as-yet-unspecified collaborative project.
Fashion
Net-A-Porter announces new Vanguard line-up

Net-A-Porter announces new Vanguard line-up

​Net-A-Porter has unveiled the latest set of labels to join The Vanguard, its global programme for emerging designer talent. They include JiaJia and Artclub, both new and exclusive to the site, as well as Minjukim.
Luxury
Luxury spend within China to soar says Boston Consulting

Luxury spend within China to soar says Boston Consulting

​As luxury reels from the effects of the pandemic as much as other sectors, there’s some good news in that Chinese demand for luxury goods is predicted to grow as much as 30% this year.
Luxury
Vogue launches Vogue Singapore

Vogue launches Vogue Singapore

The new international edition makes its debut with its first print issue, published in the English language, digital platforms and a 360-degree digital experience, marking the 27th edition of Vogue globally.
Fashion
French presidential palace requested LVMH letter - sources

French presidential palace requested LVMH letter - sources

France's presidential palace asked Foreign Minister Jean-Yves Le Drian to send luxury goods company LVMH a letter advising it to defer its acquisition of U.S. jeweller Tiffany, two sources said.
Luxury
Canada Goose to open first German store in Berlin

Canada Goose to open first German store in Berlin

The outerwear brand is set to open its first flagship store in Germany in Berlin in November. The new outpost will be the fourth for the brand in Europe, joining spaces in London, Milan and Paris.
Luxury
UK footfall stays weak, Central London still down more than half

UK footfall stays weak, Central London still down more than half

​Visitor traffic to retail destinations rose in the latest week, up 2.4% compared to the week before. But that wasn't the good news it might have been as the previous week had seen a footfall drop of 6.3%. 
Fashion
Saks hires premiere VP of diversity and inclusion

Saks hires premiere VP of diversity and inclusion

Hudson's Bay Company subsidiary Saks Fifth Avenue has named Lori Spicer Robertson as its first VP of diversity and inclusion.
Fashion
Delaware judge fast-tracks Tiffany's case on $16 billion LVMH deal, setting January trial

Delaware judge fast-tracks Tiffany's case on $16 billion LVMH deal, setting January trial

A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler.
Luxury
Mytheresa's e-commerce revenues jump 20%

Mytheresa's e-commerce revenues jump 20%

The German luxury retailer has reported annual revenues of 450 million euros, up from 377 million euros in the previous year, growth driven by a 20% rise in the company's e-commerce sales. 
Fashion
Zalando launches pre-owned in two markets, more to come next month

Zalando launches pre-owned in two markets, more to come next month

​Zalando shoppers in Germany and Spain can now buy and trade-in pre-owned fashion directly on the platform with Belgium, France, the Netherlands and Poland to follow next month, the company said on Monday.
Fashion
UK retail in shock as government to end tax-free shopping for non-EU tourists

UK retail in shock as government to end tax-free shopping for non-EU tourists

The UK government is being urged to reconsider its decision to almost completely opt out of tax-free shopping at the end of the year with retailers and the bodies that represent them saying it would be a catastrophe.
Fashion