Egyptian jeweller Azza Fahmy is to launch in the UK with the brand having just signed up to a store in luxury shopping-location-cum-tourist-destination Burlington Arcade as London remains a key focus for high-end brands.
Tiffany & Co posted strong same-store sales on Wednesday for the holiday period, putting it on track for its first quarterly increase in more than two years and prompting a rise in its full-year profit forecast.
Burberry had a good Christmas quarter even though its comp sales rise fell short of analysts' predictions. Its fashion offer outperformed while digital continued to rise and top-spending shoppers returned to the fold.
Versace is in "no rush" to list on the stock market, its Chief Executive said on Saturday. The brand has been mulling a listing after private equity Blackstone bought a 20% stake in 2014 to fund its overseas expansion.