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Today's News

Busy Farfetch sees soaring sales even though profits are some way off

Farfetch is still loss-making as it invests in growth and that growth is certainly explosive at present with revenue surging as it adds brands and customers, and launches new developments at a frenetic pace.

16 May 2019 Luxe | Business

Busy Farfetch sees soaring sales even though profits are some way off

Burberry to close one in 10 of its stores

Burberry will close 38 stores worldwide as part of a new transformation plan led by CEO Marco Gobbetti to move more upmarket. The list of closures includes five sites in Brazil and Spain.

17 May 2019 Luxe | Retail

Burberry to close one in 10 of its stores

24 Sèvres renames itself "24S"

Barely two years after its launch, the LVMH-owned e-commerce site has already changed its name. The group announced on Wednesday that the brand is now called 24S, in an effort to boost its international development.

16 May 2019 Luxe | Retail | Business

24 Sèvres renames itself "24S"

Marimekko shines in Q1 as it sells more at full price

Marimekko had good news on Thursday as it reported Q1 net sales that rose 13% and a doubling in comparable operating profit, helped by the timing of Asia Pacific wholesale deliveries and stronger Finnish retail sales.

16 May 2019 Mode | Business

Marimekko shines in Q1 as it sells more at full price

British runner Pavey says Nike froze sponsorship when pregnant

British distance runner Jo Pavey has become the latest female athlete to complain that Nike halted her sponsorship payments when she was pregnant, Sky News reported on Thursday.

17 May 2019 Mode | People | Business

British runner Pavey says Nike froze sponsorship when pregnant