Harrods opens temporary outlet in Doha

London luxury department store Harrods has opened a temporary store in Doha for the Christmas period. The iconic store, which is owned by Qatar Investment Authority (QIA), opened a 6,500 square metre branch at Katara Cultural Village at the weekend. For the first week, the store is only open to VIP visitors, after which the... Continue Reading →

Chanel Pays Record Price for Retail Space

French luxury retailer Chanel SA is paying a record price for retail space in Los Angeles as prime shopping locations in the nation’s major urban areas command rising premiums. Chanel is purchasing the 11,500-square-foot building at 400 North Rodeo Drive in Beverly Hills for $152 million, or more than $13,000 a square foot, according to... Continue Reading →

Prada opens enlarged and renovated store in Manila

Prada celebrates the reopening of its recently expanded and renovated store inside the prestigious Greenbelt Ayala Center department store in Manila, Philippines. The space, designed by architect Roberto Baciocchi, covers a total area of approximately 200 square metres on a single level and houses the women’s and men’s leather goods, accessories and footwear collections. The... Continue Reading →

Cartier CEO to step down

Cartier CEO to step down  He will be succeeded as CEO by Cyrille Vigneron, currently the president of LVMH Japan.  De Quercize's resignation is with immediate effect. Richemont said however that he would remain a group executive, taking over the role of chairman of Richemont France.  LVMH and Richemont had agreed that Vigneron would formally... Continue Reading →

Burberry makes key leadership team appointments

Burberry makes key leadership team appointmentBurberry has announced two new appointments within its leadership team. In November Leanne Wood will take on the newly created role of chief people and corporate affairs officer. Reporting to Burberry chief creative and chief executive officer Christopher Bailey, she will be responsible for Burberry’s corporate affairs and human resources... Continue Reading →

Coach opens first flagship store in Paris

Coach has recently inaugurated its first store in Paris on the prestigious Rue Saint Honore at number 372-374. The new Coach which store covers 600 sqm on two floors features an updated retail design concept which is likely to be implemented across future store openings. With the occasion of the opening, Nigel Darwin, president of... Continue Reading →

Burberry expands Regent Street store

Burberry has expanded its global flagship store in London’s Regent Street to include an area dedicated to gifting. The new space also accommodates an all-day café that offers an entirely British menu.    The gifting area houses a seasonally updated collection of gifts, together with an assortment of homewares including throws, blankets, cushion covers, candles... Continue Reading →

Tommy Hilfiger launches furniture collection

    U.S. fashion house of Tommy Hilfiger, which is owned by PVH Corp., recently announced the addition of furniture to the Tommy Hilfiger Home collections. Available in the United States and Latin America as of fall 2015, the furniture collection will be offered in two collections and available through key department stores, specialty stores,... Continue Reading →

Latest global ranking of luxury brands by value

   Louis Vuitton and Chanel were the only big luxury brands to increase in value last year as the industry grappled with slowing sales in China and Russia, research company Millward Brown said Wednesday in the 2015 BrandZ study. Vuitton gained 6 percent to $27.4 billion, placing LVMH Moet Hennessy Louis Vuitton SE’s biggest brand... Continue Reading →

Chanel to begin selling eyewear online

New York - Earlier this year, Chanel announced that they would begin e-commerce operations in 2016. It was news that was met with applause by the fashion industry, and as it was announced on April 1 (April Fool's Day), many were hesitant to believe the news was even true. Before the legendary French fashion house... Continue Reading →

More luxury brands enter South Africa

”Diamond Walk”, the new development within the Sandton City complex in Johannesburg has attracted new luxury store openings by major international brands. Prada, Dolce&Gabbana, Burberry, Giorgio Armani and Louis Vuitton have already opened their stores on the Diamond Walk at Sandton. Future store openings include: Ermenegildo Zegna, Billionaire Italian Couture, Jimmy Choo and Tod’s. Sandton City’s Diamond... Continue Reading →

Prada Opens Store In Johannesburg

The Prada fashion house has opened its first store in South Africa. The brand now occupies an 8,611-square-foot retail space in the new luxury wing of the Sandton City mall in Johannesburg, which is called the Diamond Walk. "The new opening in Johannesburg, one of the most interesting cities in Africa from a cultural and commercial point... Continue Reading →

Original Sofa Co opens Harrods concession 

Original Sofa Co opens Harrods concession following £110,000 investment Furniture makers the Original Sofa Co have opened a new concession in luxury department store Harrods thanks to a £110,000 investment. The Team Valley-based firm was approached by Harrods on the back of success at its newly opened Sloane Square showroom in London. A second investment from... Continue Reading →

“2014 Chanel’s best year to date”

"2014 is Chanel’s best year ever ... We have grown well, I would say with a significant growth. We are very satisfied," said Bruno Pavlovski, the number of Chanel’s fashion division.  According to market sources, the French fashion house would have registered revenues of 5.6 billion euros for the past fiscal year, well ahead of... Continue Reading →

Clessidra buys control of Italian fashion label Cavalli

   By Massimo Gaia and Astrid Wendlandt MILAN/PARIS (Reuters) - Italian private equity fund Clessidra acquired control of fashion house Roberto Cavalli on Thursday for an undisclosed sum, concluding one of the longest running courtships in the luxury goods industry. Clessidra, which has invested in jeweller Buccellati, held discussions with Cavalli back in 2008 and... Continue Reading →

House of Fraser plans 2016 China debut

Open Gallery 1House of Fraser: Sunflower dress, €77 (Dickins & Jones) British department store House of Fraser said it would open its first shops in China next year and start trading there online, as strong demand in Britain helped annual profits rise 7 percent. The company, sold a year ago to China's Sanpower Group, said on... Continue Reading →

Ralph Lauren opening in Sao Paulo

One of America's most internationally known designers is taking his talents and designs to South America, Sao Paulo, Brazil to be precise. On Tuesday, April 14th, 2015, Ralph Lauren will open a 9,100 square foot store in one of the largest tourist destinations in the world. The store will feature Ralph Lauren men's wear and... Continue Reading →

Britain’s HOF Department Store Will Enter China

British department store brand House of Fraser will officially enter the Chinese market and its first batch of stores will be located in Nanjing, Xuzhou, and Chongqing.In April 2014, HOF was acquired by Nanjing Cenbest, a subsidiary of China Sanpower Group. With the transaction, Cenbest gained a 89% stake in this U.K. department store brand... Continue Reading →

Prada’s profit takes a hit from China

Luxury retailer Prada says the company will implement cost-cutting measuresItalian luxury goods retailer Prada saw its net profit fall 28% last year as sales slumped in major markets of China and Europe.The firm's net income was €451m ($490m; £330m) for the year ending 31 January, down from €628m a year ago.The amount also fell short... Continue Reading →

Record earnings for Tiffany in 2014

American jewelry house of Tiffany reports full year 2014 worldwide net sales rose to $4.25 billion, which represented a 5% increase in dollars or a 7% increase on a constant exchange rate basis which was on top of a 10% increase in 2013 on that same basis.Tiffany net earnings for the full year rose 167% to $484... Continue Reading →

Prada opens new stores in S Korea, HK

Source:  Retail in Asia Italian luxury house Prada opened two new stores in Asia last week – one in Hong Kong, one in South Korea.Opened on 2 March, the new Seoul store is located at the Shinsegae Main department store, covering a total area of approximately 165 square metres and housing the men's ready-to-wear, leather goods, accessories... Continue Reading →

Burberry opens its 1st freestanding store in Osaka

Burberry on Monday opened its first freestanding store in Shinsaibashi, Osaka.Set over two floors, the new store houses the largest Burberry product assortment in Osaka, including the brand's collection of iconic Made in England trench coats. In-store digital screens showcase Burberry content and broadcast live events directly from the brand's global headquarters in London, enabled... Continue Reading →

Fendi prepares for ecommerce with new Web site

Fendi’s new Web siteItalian fashion house Fendi is updating its online image with a new Web site that streamlines navigation and caters to consumers’ needs.The brand has released a new ecommerce feature for its European sites, and the Web site redesign was likely in preparation for this addition. By staying up-to-date on the latest technology, Fendi is... Continue Reading →

Juicy Couture plans global expansion

New York -- Juicy Couture, which was acquired by Authentic Brands Group in 2013, may no longer be a coveted brand in the United States, but it is still has great appeal in foreign markets. The company expects to open 133 stores (through its various licensing partners) during the next five years, according to Women's Wear Daily.Juicy... Continue Reading →

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