For the first time, two top Italian labels have joined forces and combined their creative perspectives to design two collections in one, Fendi by Versace and Versace by Fendi, which will be commercialised next May.
Shying away from the oversize installations of previous editions, luxury labels like Gucci, Off-White and Givenchy took advantage of the Milan Design Week to showcase an array of new projects and offbeat initiatives.
The number of fashion-focused shops on premier shopping thoroughfare Oxford Street looks like falling even further with news that IKEA is likely to take over the former Topshop flagship, in a key Oxford Circus position.
The Milanese event was not held in 2020, and will be back on September 5-10 with a new format. Fashion names like Hermès, Missoni and Rick Owens will notably feature at Fuorisalone, the event’s parallel programme.
There was some good news coming out of Marks & Spencer for once on Friday as it upgraded its profit outlook after shoppers went online to buy more of its revamped clothing offer and also bought plenty of its foods.
Italian brand Dolce & Gabbana will present its latest couture collection in Venice from August 28 to 30. On the occasion, the brand will also unveil its first homeware line and unprecedented digital collection of NFTs.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.
There will be more store closures in UK this summer with news that Dutch variety retailer Hema will exit its six physical locations. It adds to the massive total of physical shops that have shut in Britain.