Luxury Italian footwear label Bruno Magli announced on Tuesday that it will open a 2,000-square-foot concept shop in New York City's SoHo this fall.
The London-based second hand luxury goods site is launching a new e-commerce platform powered by Artificial Intelligence to help customers price their pre-owned accessories more competitively.
A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
The billionaire jeweller at the heart of a more than $2 billion fraud case in India, has fled to the UK where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.
Kering's fashion powerhouse Gucci is bringing more manufacturing in-house, as luxury firms step up efforts to meet rampant demand from Chinese shoppers with slicker operations.
The Swiss watchmaker has announced the launch of its digital boutique. The service, designed to complement the brand’s in-store experience, will first be offered in the United States before being rolled out worldwide.
Luxury is on a high in 2018 with a new forecast suggesting growth of up to 8% as a booming China keeps high-end businesses much more buoyant than many fashion companies further down the price scale.
The growing importance of ‘hard luxury’ was further illustrated on Thursday as Yoox-Net-A-Porter’s high-end menswear arm Mr Porter announced the launch of its new watches offer combining commerce with content.
The company behind some of the biggest watch and jewellery names in the UK is reported to be gearing up for a stock market listing and has spoken to investment banks with plans to list either in London or Zurich.
Marc Jacobs is expanding its wearables category with the launch of its first touchscreen smartwatch, The Riley. Previously the round-faced model was available as both an analog watch and a hybrid smartwatch.
