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Luxury: how can sector deal with radical rejuvenation of clientèle?

Luxury: how can sector deal with radical rejuvenation of clientèle?

By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
Luxury
Hugo Boss gets major loan linked to sustainability targets

Hugo Boss gets major loan linked to sustainability targets

​Hugo Boss has become the latest major fashion name to link its financing to green goals. The German giant — in which Frasers Group owns a large stake — has secured a syndicated loan with a sustainability component.
Luxury
Mulberry plans UK production expansion after recovery sets in

Mulberry plans UK production expansion after recovery sets in

Mulberry could expand its UK production, it said after delivering a strong set of results. It has already added an extra production line in Somerset and could add another if sales growth is sustained.
Luxury
Farfetch, Clipper Logistics form JV for global luxury e-fulfilment solution

Farfetch, Clipper Logistics form JV for global luxury e-fulfilment solution

​Farfetch has announced a new joint venture with UK-based logistics giant Clipper Logistics to create a major international e-fulfilment operation dedicated to the luxury industry.
Luxury
Saks Fifth Avenue launches holiday campaign with Michelle Obama

Saks Fifth Avenue launches holiday campaign with Michelle Obama

Saks Fifth Avenue has launched its holiday campaign in support of the Obama Foundation's Girls Opportunity Alliance. 
Luxury
​Gucci's Alessandro Michele to get Trailblazer title at Fashion Awards

​Gucci's Alessandro Michele to get Trailblazer title at Fashion Awards

​Alessandro Michele is set to receive the Trailblazer Award at the TikTok sponsored Fashion Awards 2021 on 29  November at London’s Royal Albert Hall. The Gucci creative director becomes the award's third recipient.
Luxury
Malone Souliers opens first UK store with Mayfair debut

Malone Souliers opens first UK store with Mayfair debut

​Footwear and accessories specialist Malone Souliers has opened its first UK physical store with a debut in the heart of Mayfair on Mount Street.
Fashion
Moncler launches Fortnite in-game collaboration

Moncler launches Fortnite in-game collaboration

​Moncler has become the latest fashion name to forge a gaming partnership via a new collaboration with the hugely successful Fortnite franchise.
Luxury
Buoyant Mulberry sees first-half recovery, second half starts well

Buoyant Mulberry sees first-half recovery, second half starts well

​Mulberry delivered good news on Wednesday as it said it saw further strategic progress amid strong consumer demand in the 26 weeks ended September 25.
Luxury
Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
Fashion
Suspects quizzed over California flash mob robbery

Suspects quizzed over California flash mob robbery

Three people suspected of being part of a robbery flash mob were being questioned Tuesday, the latest in a series of violent thefts in California involving sometimes dozens of people.
Luxury
Google links with Stella McCartney, Textile Exchange to boost sustainable sourcing

Google links with Stella McCartney, Textile Exchange to boost sustainable sourcing

​Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Fashion
Richemont moves entire enterprise IT infrastructure to Amazon's AWS

Richemont moves entire enterprise IT infrastructure to Amazon's AWS

​Richemont is moving its enterprise IT infrastructure to Amazon Web Services in a deal to drive more dynamic e-tail experiences, more personalisation, better supply chain management and many other benefits.
Luxury
Virgil Abloh and Mercedes link-up again for electric show car concept

Virgil Abloh and Mercedes link-up again for electric show car concept

​Virgil Abloh’s additional talents as an architect and artist are resurfacing in the designer’s latest collaboration with luxury car marque Mercedes-Benz.
Luxury
Mulberry launches low-carbon leather collection in link with Muirhead

Mulberry launches low-carbon leather collection in link with Muirhead

​As sustainability becomes even more important for luxury companies and their customers, Mulberry on Monday unveiled a bag collection made from the world’s lowest-carbon leather. 
Fashion
Farfetch shares plunge despite revenue rise and Q3 profitability

Farfetch shares plunge despite revenue rise and Q3 profitability

​Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Luxury