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Pakistan bans import of luxury items to boost economy

Pakistan bans import of luxury items to boost economy

Pakistan's new government on Thursday said it would ban the import of over 30 luxury items including cars and fruit jams in an austerity move to help boost the country's faltering economy.
Luxury
London leasing boom sees GPE return to profit

London leasing boom sees GPE return to profit

Yet more strong numbers from the commercial property sector on Thursday. Major London landlord Great Portland Estates joined its peers British Land and Landsec this week in delivering an upbeat performance for the year.
Fashion
Burberry raises prices, says China recovery is key, bans exotic skins

Burberry raises prices, says China recovery is key, bans exotic skins

​Burberry’s new CEO looks like he won’t be deviating too much from his predecessor’s luxury strategy and if anything, he’s likely to take the label even further upmarket, while also focusing on its British heritage.
Luxury
URW rolls out Westfield brand to trio of European flagship locations

URW rolls out Westfield brand to trio of European flagship locations

​Malls giant Unibail-Rodamco-Westfield (URW) is continuing to roll out its Westfield brand to more locations and has announced that it’s rebranding three flagship centres under that name.
Fashion
Grosvenor links with True on social shopping innovation hunt

Grosvenor links with True on social shopping innovation hunt

Landlord Grosvenor has launched an interesting project, unveiling “an innovation challenge seeking to find new technologies and partners that are putting customer experience at the heart of bricks and mortar retail”.
Fashion
Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

Kim Jones invites Eli Russell Linnetz to guest design Dior Men spring collection

The French fashion house will unveil its new men's collection this Thursday, May 19, on Venice Beach, as well as on Facebook. Creative Director Kim Jones will also present a collaboration with the label Erl.
Luxury
Shannon Abloh appointed CEO of Virgil Abloh Securities

Shannon Abloh appointed CEO of Virgil Abloh Securities

Virgil Abloh Securities, a creative corporation founded by the late designer has announced Shannon Abloh as CEO and managing director of the organization.
Luxury
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Fausto Puglisi unveils his first couture collection for Roberto Cavalli

Fausto Puglisi unveils his first couture collection for Roberto Cavalli

The designer launched his first couture collection for the Italian fashion house. The capsule consists of 15 couture looks, most of which will be presented at the Cannes Film Festival.
Luxury
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
Chanel Watch and Fine Jewelry President Frédéric Grangié on the brand’s experiential super boutique; helming talent and brainstorming at high speed

Chanel Watch and Fine Jewelry President Frédéric Grangié on the brand’s experiential super boutique; helming talent and brainstorming at high speed

This Wednesday, Chanel unveiled its new experiential super-boutique in Place Vendôme, the mecca of the fine jewelry industry, and like the house’s founding designs, it feels both luxurious and yet iconoclastic.
Luxury
Private equity firm buys luxe retailer Hervia, has big growth plans

Private equity firm buys luxe retailer Hervia, has big growth plans

​Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
Fashion
Burberry annual sales and profits rise, despite Q4 headwinds

Burberry annual sales and profits rise, despite Q4 headwinds

​The year to early April was a largely good one for luxury group Burberry, despite the undeniable challenges that it faced during the 53-week FY22 period and the pandemic causing problems in China during Q4.
Luxury
Strong U.S. retail sales, manufacturing output boost economic outlook

Strong U.S. retail sales, manufacturing output boost economic outlook

U.S. retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful boost to the economy.
Fashion
Michael Kors' latest collaborations steer the brand to new audiences

Michael Kors' latest collaborations steer the brand to new audiences

The American luxury brand steeped in classic glamour has launched several partnerships geared toward new audiences in recent months. 
Luxury
Millennials, Gen Z to drive luxury market growth in APAC: GlobalData

Millennials, Gen Z to drive luxury market growth in APAC: GlobalData

Millennial and Gen Z locals are forecast to drive luxury market growth in the Asia-Pacific region, according to GlobalData, as internet penetration levels and social media brand engagement increases in the region. 
Luxury