In a rare interview, the founders of the Newcastle-based shopping destination reveal their plans to reach $350 million in annual revenue by 2020.
The former Chanel CEO will bring her experience to the fast-growing luxury e-commerce site, while Autotrader’s Trevor Mather will also join the board.
Global fashion players are increasingly aligning themselves with dominant Chinese technology platforms, which are consolidating their power over the country’s online luxury market.
Selfridges is one of the world’s most effective luxury retailers. But is its £300 million bet on brick-and-mortar enough to stay ahead in a digital world?
Shares in luxury group, which had been particularly hit in the past three months over worries Gucci was running out of steam, were up 8.2 percent.
The French luxury conglomerate said revenue reached €3.4 billion in the third quarter and increased 27.5 percent on a comparable basis.
The imports are in defiance of UN sanctions outlawing such trade over North Korea's nuclear and missile programmes, said a South Korean lawmaker.
Wanda Ferragamo's death “opens up potentially interesting scenarios” for mergers and acquisitions, said a Jefferies analyst.
This week, everyone will be talking about Virgil Abloh's first drop for Louis Vuitton, slower growth at Kering and H&M's Moschino collaboration. Read our BoF Professional Cheat Sheet.
Despite being approached by various suitors, the Italian fashion house intends to remain an independent player.
Asiana Airlines will stop carrying commercial baggage on passenger flights bound for Hong Kong and mainland China.
President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
Performance was weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1 percent decline in revenue during the quarter.
The Indian brand will hold a special event at the Florence show.
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.