Miscellaneous

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Russia's Alrosa agrees to sell some production to the state

Russia's Alrosa agrees to sell some production to the state

Russia's finance ministry has agreed with sanctions-hit diamond producer Alrosa to purchase part of the company's production in 2024, a source familiar with the matter said on Wednesday.
Luxury
Louis Vuitton reveals Olympic trunks as Antoine Arnault mocks Mediapart

Louis Vuitton reveals Olympic trunks as Antoine Arnault mocks Mediapart

Louis Vuitton unveiled its custom-made Olympic trunks that will contain the games’ official torches and medals on Wednesday evening, as LVMH media and image director Antoine Arnault mocked left-wing website Mediapart.
Luxury
Sellier launches AI-assisted 'Selected' app

Sellier launches AI-assisted 'Selected' app

Resale specialist Sellier has gone to the next level with its new AI-assisted luxury resale platform. It says ‘Sellier Selected’ is the “first highly curated marketplace platform offering the rarest pre-loved luxury".
Luxury
Kurt Geiger opens Galeries Lafayette pop-up as outperformance continues

Kurt Geiger opens Galeries Lafayette pop-up as outperformance continues

​Kurt Geiger has opened a pop-up in key Paris department store Galeries Lafayette with a residency that runs until 15 April.
Fashion
Vuitton develops bespoke trunks for Olympic medals and torches

Vuitton develops bespoke trunks for Olympic medals and torches

Louis Vuitton has developed a series of bespoke trunks in which to carry and protect the medals and torches of this summer’s upcoming Paris 2024 Olympics and Paralympics.
Fashion
CMA hails landmark deal with ASOS, Boohoo, Asda in greenwashing probe

CMA hails landmark deal with ASOS, Boohoo, Asda in greenwashing probe

​The UK’s Competition and Markets Authority (CMA) said on Wednesday that ASOS, Boohoo and George at Asda have signed “formal agreements to use only accurate and clear green claims”.
Fashion
Tod's investor calls for L Catterton to raise buyout offer

Tod's investor calls for L Catterton to raise buyout offer

Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury
Balenciaga : Friends and family gather in latest campaign

Balenciaga : Friends and family gather in latest campaign

Friends and family gather in latest campaign by the house of Balenciaga, as designer Demna includes his mother Ella; his husband, musician BFRND; and even his former professor Linda Loppa.
Luxury
Paris Fashion Week dominates digital audience, driven by Dior, Louis Vuitton and Saint Laurent shows

Paris Fashion Week dominates digital audience, driven by Dior, Louis Vuitton and Saint Laurent shows

In Paris, Women's Fashion Week, which ran from February 26 to March 5, achieved $425.5 million in terms of Media Impact Value (MIV), according to Launchmetrics. Thanks mainly to Asia and celebrities.
Fashion
Slowear CEO Piero Braga on considered growth and building women’s offerings

Slowear CEO Piero Braga on considered growth and building women’s offerings

As it steadily evolves, the Venice-based brand is introducing the American market to its female-targeted product.
Fashion
Karl Lagerfeld's Paris flat sold for €10 million

Karl Lagerfeld's Paris flat sold for €10 million

The couturier's Paris flat, a futuristic 260-square-metre, three-bedroom with a 50-square-metre dressing room, sold for ten million euros at auction in Paris, according to the notary firm in charge of the sale.
Luxury
Gift cards drive larger spend especially among family-age Millennials - report

Gift cards drive larger spend especially among family-age Millennials - report

​Positive news for gift card retailers. Their purchase encourages shoppers to spend more than their face value and upgrade their presents, according to the Gift Card & Voucher Association (GCVA) and Global Data.
Fashion
Returns dilemma stops one in four shoppers from buying internationally

Returns dilemma stops one in four shoppers from buying internationally

One in four shoppers avoids buying from international retailers due to returns concerns, according to new research, and few UK consumers would be prepared to pay a membership fee for free returns.
Fashion
Versace opens its first palace in Asia, in Macao

Versace opens its first palace in Asia, in Macao

The Milanese label has opened its first Palazzo Versace in Asia in Macao, on the south-east coast of China. A luxury hotel with 271 rooms on 12 floors located within the resort-casino managed by SJM in Cotai.
Fashion
Kylie Jenner's KHY makes physical retail debut with Selfridges launch

Kylie Jenner's KHY makes physical retail debut with Selfridges launch

​Kylie Jenner’s KHY label has struck its first retail partnership deal after five months of selling direct to consumers online, announcing a fortnight link-up with Selfridges.
Fashion
UK retail sales recover slightly in March but April is set to be weak - CBI

UK retail sales recover slightly in March but April is set to be weak - CBI

​UK retail sales have “stabilised” this month after 10 months of decline. That’s the core message of the latest CBI Distributive Trades Survey that showed sales being “broadly flat”.
Fashion