The latest news
Affluent splash out on pricey Birkin bags but clouds loom
Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags and high-end perfumes, trading updates from Hermes, Kering, and L'Oreal showed on Thursday.
TikTok plans U.S. fulfilment centers
Chinese short-video content platform TikTok is reportedly looking to rollout several fulfilment centers across the U.S., according to dozens of job postings on LinkedIn for roles in fulfilment.
EU says Shopify to improve platform to make online shopping safer
The European Commission said on Friday e-commerce business Shopify has committed to put in place improvements aimed at making online shopping safer for customers, according to a statement.
Prisma Media to launch French edition of Harper's Bazaar in March
Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.
Never Fully Dressed dips its toes in Los Angeles
The brand created by British designer Lucy Aylen, and popularized thanks to Instagram, opened its first pop-up store at Platform shopping location in Los Angeles.
Shopify offers workers greater say in compensation structure to attract talent
Shopify Inc said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as it seeks to attract and retain workers.
Ferragamo develops a major hotel complex in heart of Milan
The Ferragamo family, via its hotel management company Lungarno Collection, will open a luxury hotel in a huge historic building in central Milan, within a complex that will also host multi-brand luxury retailer Antonia.
Giant Battersea Power Station mall to open on 14 October
It's finally happening. Nearly 40 years after Battersea Power Station closed as a working power generator, the listed historic site will reopen on 14 October as a major South London shopping and leisure destination.
Department stores face growing CSR challenges
IADS, the international association of department stores, has provided an assessment of the increasingly complex social and environmental responsibility policies adopted by its corporate members.
Eurozone retail sales drop more than expected in June as prices rise
Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Live Shopping: Shopify turns to Youtube Shopping
Shopify Inc on Tuesday announced a partnership with YouTube to allow merchants to sell through the video platform, as it looks to tap into the growing number of content creators launching their own e-commerce stores.
Champs-Elysées avenue in Paris again the most attractive high street in Europe
Footfall in the renowned Parisian avenue has doubled compared to last year, according to a Cushman & Wakefield/My Traffic study, a stronger rebound than recorded elsewhere in Europe.
Lalique teams up with upscale French eatery Daniel in New York City
The fine dining experience at Daniel has received a gloss up with help from French crystal brand Lalique.
N.Irish businesses urge UK against potentially damaging unilateral plans
Northern Irish businesses urged Britain to tackle disruption to post-Brexit trade through negotiations with the European Union rather than pursuing unilateral plans published on Monday.
Armani/Casa goes full steam ahead at the Salone del Mobile fair
Giorgio Armani's home line is holding a special exhibition at the Salone del Mobile. Twenty-two years after its launch, the line has seen double-digit growth, with remarkable sales growth in the US.
LVMH entrusts hotel division to Stéphane Rinderknech
Stéphane Rinderknech, who has spent his entire career at beauty giant L’Oréal, will replace Andrea Guerra as head of LVMH’s hospitality division.