Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.
Major London landlord Great Portland Estates has unveiled one of the latest fashion and retail-focused London developments and added an interesting and unique element to the still-recovering West End.
H1 results at Burberry showed it making “strong progress”, with full-price sales surging and higher margins. Outerwear and leather did well and it's expanding its new store concept rollout as it boosts customer spend.
The Italian luxury house has announced net income of 40 million euros for the first nine months of the fiscal year, solid results reflecting the brand's recovery, which has been led by Asia and the United States.
The Kering luxury group announced Wednesday evening that Daniel Lee has abruptly quit his position as creative director of Bottega Veneta after just three years at the helm. No successor has been named.
A group of major UK luxury brands are coming together on Tuesday to take part in a special event linked to the COP26 conference. Burberry, Mulberry, Mother of Pearl and Stella McCartney are all taking part.
Burberry has announced a new biodiversity strategy after a study showed “leather, cashmere and wool have the most significant impact on biodiversity and account for a high proportion of Burberry’s carbon footprint”.