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Mixed news in budget as business rates temporarily cut... but not for everyone

Mixed news in budget as business rates temporarily cut... but not for everyone

​Many UK retailers breathed a rare sigh of relief as the annual budget statement saw business rates being cut in half. But the news wasn't as good as it seemed on the surface.
Fashion
Ray-Ban launches first NFT eyewear in history

Ray-Ban launches first NFT eyewear in history

While most people didn’t know what an NFT was just a little while ago, the tech is making its way into the fashion sector and Luxottica’s Ray-Ban brand has launched the first NFT (Non-Fungible Token) glasses in history. 
Fashion
Retail real estate investor Eurofund Group launches UK arm

Retail real estate investor Eurofund Group launches UK arm

​Investment and real estate development company Eurofund Group has officially launched a UK arm with the appointment of a three-strong team in London.
Fashion
Self Portrait launches new campaign starring Irina Shayk

Self Portrait launches new campaign starring Irina Shayk

Self Portrait has unveiled its latest campaign with the London-based label picking one of the world’s highest-profile models — Irina Shayk — as it star.
Luxury
THG share plunge continues after update

THG share plunge continues after update

THG can’t seem to catch a break. After it reported strong figures in its latest update, its share price continued to plummet, down from over £3 each at the previous day’s close to less than £2.40 each in early trading.
Fashion
LuisaViaRoma names Alessandra Rossi as new CEO

LuisaViaRoma names Alessandra Rossi as new CEO

The famous Florentine luxury retailer has finalized the sale of a 40% stake to Italian investment fund Style Capital. Founder Andrea Panconesi, has retained his role as president, while Alessandra Rossi has become CEO. 
Fashion
Bottega Veneta explores new territory with surprising show in Detroit

Bottega Veneta explores new territory with surprising show in Detroit

Creative director Daniel Lee chose Detroit as the location to unveil his Spring/Summer 2022 collection, which explored a sportier, more functional aesthetic for the brand, largely thanks to new technical fabrics. 
Fashion
Brioni continues with restructuring drive

Brioni continues with restructuring drive

The menswear label owned by Kering has confirmed the dismissal of 320 employees linked to the closing down of its Italian shirt and knitwear factories. Unions say the loss of this expertise will impoverish Brioni.
Luxury
BFC names TikTok as transformed Fashion Awards 'Principal Partner'

BFC names TikTok as transformed Fashion Awards 'Principal Partner'

​The British Fashion Council has unveiled short-form mobile video social media platform TikTok as its Principal Partner for The Fashion Awards 2021 on November 29. 
Fashion
Aeffe brings all Moschino ops under its control

Aeffe brings all Moschino ops under its control

​Aeffe, the listed Italian luxury company, said on Tuesday that it has reached an agreement with Sinv to take over the licence for the production and distribution of Love Moschino womenswear collections.
Luxury
Ganni to phase out leather, will use plant-based alternatives

Ganni to phase out leather, will use plant-based alternatives

​Danish label Ganni is saying no to leather and will phase out the material within two years as it opts for plant-based materials instead.
Fashion
Gieves & Hawkes edges closer to end game over parent company woes

Gieves & Hawkes edges closer to end game over parent company woes

​Gieves & Hawkes, the bespoke tailoring business, could be a step nearer to closing down as the problems facing its parent company continue to weigh on its operations and a crunch creditor vote looms next week.
Luxury
THG revenues soar, says both Beauty and Ingenuity are strong

THG revenues soar, says both Beauty and Ingenuity are strong

​Under-pressure THG issued a Q3 trading statement on Tuesday and said that revenue continues to soar. Group revenue rose 38% year-on-year to £507.8 million and 93.8% on a two-year, constancy-currency basis.
Fashion
Skims launches collection with Fendi

Skims launches collection with Fendi

Kim Kardashian took to instagram on Monday to confirm that the Fendi x Skims capsule collection is happening. 
Luxury
Woolrich expands retail presence across EMEA, China expansion

Woolrich expands retail presence across EMEA, China expansion

Premium luxury American outerwear company Woolrich is elevating its wholesale presence across the Europe, the Middle East and Africa region, as it equally makes its foray into China. 
Luxury
Tory Burch and Parsons partner on new scholarship fund

Tory Burch and Parsons partner on new scholarship fund

Tory Burch and the School of Fashion at Parsons School of Design announced a new five-year multi-disciplinary partnership to promote and celebrate creativity, innovation, and entrepreneurship.
Luxury