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Maus Frères enters exclusive negotiations to buy The Kooples

The Swiss group, owner of Lacoste, Aigle and Gant, has announced its intention of buying the French menswear/womenswear label by the end of H1 2019. No figures have yet been disclosed.

Handbag maker Hermès still benefiting from buoyant Asian demand

Upmarket handbag maker Hermès, one of the luxury brands still riding high on strong demand from Asian clients, said on Wednesday it had not observed any change in sales trends so far this year.

Chinese luxury spend up 20% in 2018 but expect a slowdown this year

Chinese consumers were behind a third of all luxury spend globally last year, but more of their cash is being splashed out at home rather than in the world’s key shopping cities, the latest Bain luxury report said.

Glossier valued at $1.2 billion following $100 million funding round; names new CFO

After more than doubling its annual revenue in 2018, the beauty company has raised $100 million in a round of Series D funding led by Sequoia Capital and now is now reportedly valued at $1.2 billion.

The CFDA unveils 2019 Fashion Awards nominees and honorees

Following the news that Tom Ford will become the institution's new chairman, the list of nominees and honorees for the 2019 CFDA Fashion Awards is out, featuring Virgil Abloh, the Olsen twins, Sander Lak and more.

Indian celebrity jeweller battles extradition from UK
Nirav Modi, India's fugitive jeweller to the stars, refused to submit to extradition when he appeared in a London court on Wednesday.

4:16 PM | Luxury | People

Indian celebrity jeweller battles extradition from UK
Deichmann set to be biggest shoe shop in Canterbury after refurb
Deichmann is ploughing £600,000 into its shop at Whitefriars shopping centre to become the largest shoe retailer in Canterbury. The makeover will see the store double in size and introduce the brand's latest shop fit.

4:05 PM | Fashion | Retail

Deichmann set to be biggest shoe shop in Canterbury after refurb
Asian emerging markets spent big in Europe’s retail cities in Q4 2018
Chinese consumers may be switching more of their luxury spend to the domestic market at the moment, but some of their fellow Asia-Pacific consumers proved key to luxe spending in Europe’s major retail cities in Q4.

3:08 PM | Luxury | Retail

Asian emerging markets spent big in Europe’s retail cities in Q4 2018
Bimba y Lola grows 11% in 2018, revenues hit €200 million
The Spanish fashion brand reported revenues of €201.3 million in 2018, driven by a 21% increase in international sales. International markets including Europe, South America and Asia now account for 28% of its revenue.

2:11 PM | Fashion | Business

Bimba y Lola grows 11% in 2018, revenues hit €200 million
Pimkie’s CEO Béatrice Lafon setting up senior management team with international outlook
The fashion retailer’s new CEO, in charge from the end of 2018, is building a team with an international outlook around herself, with notably three new arrivals to bolster the company’s turnaround.

2:03 PM | Fashion | Appointments

Pimkie’s CEO Béatrice Lafon setting up senior management team with international outlook
Eurazeo sells residual stake in Moncler
In a press release issued on Monday, French investment company Eurazeo stated it is selling the remaining 4.8% stake it holds in Moncler, whose successful growth Eurazeo has backed since 2011.

2:02 PM | Luxury | Business

Eurazeo sells residual stake in Moncler
Burberry taps further into social commerce following B Series success
Burberry is one of several brands launching checkout on Instagram after seeing its pioneering B Series initiative, which releases limited-edition products on popular social media networks, prove a massive success.

2:01 PM | Luxury | Retail

Burberry taps further into social commerce following B Series success
Zadig & Voltaire to stop using animal fur in collections
Zadig & Voltaire is the latest fashion brand to commit to removing animal fur from its ready-to-wear and accessories collections, according to a news release from PETA France.

2:00 PM | Fashion | Industry

Zadig & Voltaire to stop using animal fur in collections
Poste Italiane aims to ride e-commerce wave to boost parcel delivery
Poste Italiane aims to more than double the number of parcels it delivers by 2022, and to compete with Amazon, it plans to fully implement a joint delivery system and an alternative network of delivery points.

1:59 PM | Retail

Poste Italiane aims to ride e-commerce wave to boost parcel delivery
Nirav Modi arrested in London, British police say
Fugitive billionaire jeweller Nirav Modi had been arrested in London on behalf of the Indian authorities, British police said on Wednesday.

1:56 PM | Luxury | People

Nirav Modi arrested in London, British police say