China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
real-estate
Luxury
Can the Champs Élysées Reinvent Itself?
The famous Paris shopping avenue has had a tough time of late, but luxury brands are still willing to commit.
News & Analysis
Can London’s Oxford Street Weather a Perfect Storm?
Empty stores, online competition, punitive business rates, over-spaced retailers and Brexit-nervous consumers: one of the world’s most competitive fashion retail environments is being squeezed from all sides — and learning to innovate.
News & Analysis
Saving America's Most Illustrious Stretch of Retail Real Estate
Madison Avenue used to be one of the most popular places to shop in the world. Now, after brands such as Calvin Klein and Proenza Schouler have exited, landlords are struggling to find tenants to replace them.
Retail
New York Doubles Down on Tracking Empty Storefront Problem
Business owners across the city have increasingly been forced to close up shop amid soaring rents and competition from e-commerce companies, but just how pervasive is the problem? Local lawmakers are keen to find out.
News & Analysis
Zara Founder's Real Estate Assets Increase
Amancio Ortega, Europe's richest man and founder of retailer Inditex, had commercial property assets worth nearly $11 billion at the end of 2018.
News & Analysis
Why Roberto Cavalli Is Being Bought By a Dubai Real Estate Developer
Vision Investment, an entity controlled by the founder and chairman of Damac, will provide the funding to back the company’s stymied turnaround strategy.
Retail
Why Browns Is Closing Its London Flagship and Moving Around the Corner
The London luxury boutique plans to shutter its iconic South Molton Street location and reopen on Brook Street in 2020.
News & Analysis
The Rise and Fall (And Rise Again?) of L.A.'s Famed Robertson Boulevard
"Robertson went from being the hottest street in L.A. retail, with packed sidewalks and lines of people waiting to shop at Kitson or get into the Ivy
News & Analysis
Karl Lagerfeld-Designed Apartments Aimed at Taiwan's Ultra-Wealthy
A Taipei-based developer is hoping the late Chanel creative director will give them an edge over competitors, appealing to an ageing generation of multimillionaire business owners.
Retail
The Week Ahead: Who Will Survive the Retail Apocalypse?
This week, everyone will be talking about the accelerating pace of store closures, opening day for the Shops at Hudson Yards and Brexit's surprising upside for some retailers. Read our BoF Professional Cheat Sheet.
Retail
Why Hudson Yards Is High Stakes for Fashion
With 1 million square feet of stores and restaurants, the New York mega-project will be one of the biggest showcases of modern brick-and-mortar retail in the world.
Luxury
LVMH Plans London Hotel and New Flagship in Experiential Push
BoF has learned that the French luxury group has plans for a Cheval Blanc hotel and associated restaurants, a spa and a flagship store that appears intended for Hedi Slimane’s Celine on Grafton Street in London’s Mayfair.
The News in Brief
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.
E.l.f. Beauty Sales Lift 51%
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.
Shein Invests €500 Million in Europe as Customs Rules Tighten
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.
Remington Owner Spectrum Makes Unsolicited Push to Buy Helen of Troy
The owner of consumer brands like George Foreman and Remington said it has made multiple offers to buy the publicly listed parent company of Olive and June, Drybar and Hydro Flask.
PAI Partners to Acquire Elemis from L’Occitane
The French private equity group announced on Wednesday that it will buy the UK skin and body care brand for an undisclosed sum.
Estée Lauder Sets 2030 Growth, Margin Targets as Turnaround Advances
At its capital markets event in Shanghai, leadership said it aims to deliver mid-single-digit organic net sales growth through fiscal 2030, and unveiled a new cost-cutting and strategic roadmap.