The latest news
Luxury activity exploded in 2022, pop-ups were key - report
Luxurynsight has released its annual Global Luxury Brand Analysis report and found an unsurprising double-digit rise in overall activity for fashion and leather goods last year as the world 'normalised post'-pandemic.
UK Gen Z shoppers embrace VAT-free EU spending post-Brexit
The UK may have failed to offer the hoped-for Vat-free shopping for EU tourists post-Brexit, but British tourists are taking advantage of their ability to shop tax-free within the EU, and Gen Z is leading the charge.
Luxury bags are significantly more expensive in China than in Europe
While waiting for the Chinese to start traveling again, brands are betting on a rebound in domestic demand following the end of the anti-Covid measures, increasing their prices, reported a study by Retviews by Lectra.
London fears losing luxury shoppers to Paris and Milan
London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.
UK retail pleads for new Budget measures, keeps fingers crossed
The UK’s spring Budget will be delivered by the Chancellor of the Exchequer on Wednesday and retail insiders know what they want to see from it — a relaxation of Sunday trading rules and reform of business rates.
Louis Vuitton will travel to Italy for next cruise collection show
The Parisian label will unveil its 2024 cruise collection at Isola Bella in Lake Maggiore on May 24. The event will be preceded in April by Nicolas Ghesquière’s first fall pre-collection show, to be staged in Korea.
News analysis: Is London retail set for a golden age?
A curious thing has been happening around London retail. Its flagship shopping areas were huge sufferers during and post-pandemic, but they're rebounding more strongly than ever as key developments boost spend.
After Mulberry collab, Miffy to open pop-up in London's Chinatown
Miffy, the rabbit storybook character turned into a globally recognised brand is to make a temporary appearance in London. The character is about to appear on London’s Shaftesbury Avenue, adjacent to Chinatown.
Big spenders drive West End recovery despite footfall lag
The West End of London is recovering fast at present, updated figures from the New West End Company (NWEC) showed on Wednesday, as high-spending tourists cancel out slower footfall.
Dan Rothmann joins Etro as CEO of Global Travel Retail and Americas
Luxury Italian label Etro continues to strengthen its international executive team and has named Dan Rothmann as its CEO of Global Travel Retail, as well as its new CEO of the firm’s Americas business.
BFC celebrates key NewGen anniversary with "landmark" exhibition
NewGen is fast approaching 30. And to mark the talent identification scheme’s milestone, The British Fashion Council (BFC) announces ‘NewGen 30’, a year-long celebration culminating with an exhibition in London.
Mulberry waves goodbye to Bond Street store as tourist downturn bites
Luxury leather goods brand Mulberry has become the strongest advertisement yet for the damaging impact of the abolition of VAT-free shopping for tourists visiting the UK, closing its Bond Street store.
BFC reveals London Fashion Week City Wide Celebration details
Some 450 public-focused events over five days. That’s the ‘City Wide Celebration’ programme organised by The British Fashion Council (BFC) to take place across the capital during London Fashion Week, 17-21 February.
Visa, Mastercard pin hopes on China reopening as travel boom fades
Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom.
Visa profit beats estimates on resilient consumer spending
Visa Inc's first-quarter profit beat Wall Street targets on Thursday as its payments volume held steady with Americans still spending on international travel despite an economic slowdown.
Covent Garden launches campaign to brighten up dull winter
Covent Garden has introduced a big splash of colour to brighten up London’s dreary winter days. The major retail area and tourist attraction has introduced a ‘Covent Garden in Colour’ campaign via artist Lois Lillian.