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Ralph & Russo had £53m of unsold stock on collapse

Ralph & Russo had £53m of unsold stock on collapse

The extent of the problems faced by luxury label Ralph & Russo have become clear with news that the company had £53 million worth of unsold stock when it collapsed.
Luxury
Gucci stays relevant thanks to bold on-trend offering

Gucci stays relevant thanks to bold on-trend offering

According to a study from data analysis specialist Retviews, the label's success is down to its focus on its assortment, which brings together exclusivity and inclusivity, and its reactiveness to trends.
Fashion
Oxford Street renaissance: work starts on Soho Photography Quarter

Oxford Street renaissance: work starts on Soho Photography Quarter

When rows of stores just aren’t enough. Retail areas are increasingly having to incentivise consumers to visit with bolt-on experiences and attractions.
Fashion
Smythson stays loss-making but digital acceleration is key for future

Smythson stays loss-making but digital acceleration is key for future

Luxury leathergoods brand Smythson's accounts show the year to March 29 2020 was a difficult one for the firm. But a sale and licence-back deal since then has offered stability and a digital focus is yielding rewards.
Fashion
Le Printemps: Inside the group's transformation under Jean-Marc Bellaiche

Le Printemps: Inside the group's transformation under Jean-Marc Bellaiche

Jean-Marc Bellaiche took charge of French retail group Le Printemps in September 2020. In this interview, he explains how he is dealing with store closures and the Covid-19 crisis, while working to transform the group.
Luxury
Zalando rolls out Connected Retail to French stores, Karl Lagerfeld joins

Zalando rolls out Connected Retail to French stores, Karl Lagerfeld joins

​Zalando is extending its Connected Retail offer to more countries, with France now added to its list. It means there’s an online solution for physical retailers of any size across all of France.
Fashion
Neiman Marcus confirms $1.1 billion refinancing

Neiman Marcus confirms $1.1 billion refinancing

The Dallas, Texas- based department store retailer announced on Tuesday that it has completed a refinancing round of $1.1 billion, confirming earlier reports concerning its efforts to repay its borrowings.
Fashion
Alexander McQueen and Balenciaga confirm fur-free move

Alexander McQueen and Balenciaga confirm fur-free move

​Alexander McQueen and Balenciaga are the latest Kering-owned luxury brands to confirm fur-free policies, Humane Society International/UK (HSI) said on Tuesday.
Luxury
Thomas H Lee Partners takes majority stake in Bazaarvoice

Thomas H Lee Partners takes majority stake in Bazaarvoice

Bazaarvoice — the product reviews and user-generated content (UGC) solutions specialist — has a new majority shareholder following a year of strong growth.
Fashion
UK footfall is up again as consumers are impatient to get back to stores

UK footfall is up again as consumers are impatient to get back to stores

Springboard on Monday said that in the week to March 27, footfall across UK retail destinations increased 6.6% compared to the previous week. This followed a succession of increases.
Fashion
Hugo Boss faces wrath of Chinese netizens and celebs

Hugo Boss faces wrath of Chinese netizens and celebs

At least three Chinese celebrities on Saturday dropped German fashion house Hugo Boss, the latest foreign brand caught in a concerted boycott by Chinese consumers over Western accusations of forced labour in Xinjiang.
Luxury
UK, France and others still face threat of US tariffs over online tax plans

UK, France and others still face threat of US tariffs over online tax plans

​US Trade Representative Katherine Tai has said she was maintaining the threat of US tariffs on goods from Austria, Britain, India, Italy, Spain and Turkey in retaliation for their digital services taxes.
Fashion
LVMH Prize opens to public, as 20 semi-finalists revealed

LVMH Prize opens to public, as 20 semi-finalists revealed

LVMH has revealed the names of the 20 semi-finalists in this year’s LVMH Prize, which for the first time will take place via a digital platform and allows the public to vote on the award.
Fashion
Ralph & Russo sale gets April 14 deadline, high demand expected

Ralph & Russo sale gets April 14 deadline, high demand expected

Offers for luxury label Ralph & Russo need to be in by April 14, Hilco, which is running the auction of the failed business, said on Monday. And one of its joint administrators spoke of a “high level of interest”.
Luxury
Farfetch and Gucci reveal year-long collab with creativity blitz

Farfetch and Gucci reveal year-long collab with creativity blitz

Farfetch has unveiled a year-long four-part collaboration with Gucci that was inspired by the label’s new Off The Grid collection.
Luxury
Kering introduces policy to support domestic violence victims

Kering introduces policy to support domestic violence victims

The French luxury group announced on Monday that it has implemented an internal policy that aims to provide support for employees that are suffering from domestic violence.
Luxury