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Tag: Luxury goods sector

‘Death of an icon’: the downfall of Barneys New York | Business

“EMS – Every Thing Must Be Sold,” read the signs plastered all over Barneys New York – an unprepossessing welcome to what was once New York’s premier fashion store as it enters its last days before closing after almost 100 years in business. The red-and-yellow sale signage is certainly an affront to the luxury industry’s …

‘Death of an icon’: the downfall of Barneys New York | BusinessRead More

Beckhams in £38m dividend payout despite profits plunge | Fashion

David and Victoria Beckham’s business empire has paid out £38m to its owners despite a near 90% fall in profits prompted by difficulties at the former Spice Girl’s fashion label. The former England footballer, the fashion entrepreneur and their business partner Simon Fuller paid themselves dividends of $21.5m (£16.7m) and £10.3m in May this year, …

Beckhams in £38m dividend payout despite profits plunge | FashionRead More

Louis Vuitton owner LVMH to buy Tiffany for $16bn | Business

LVMH, the world’s biggest luxury group, has agreed to buy Tiffany & Co, the US jeweller famed for its engagement rings and white diamond necklaces, in a $16.2bn (£12.6bn) deal. Bernard Arnault’s luxury goods empire, which includes brands such as Louis Vuitton, Christian Dior and Moët & Chandon, announced it would pay $135 a share …

Louis Vuitton owner LVMH to buy Tiffany for $16bn | BusinessRead More

Bentley Motors loses trademark battle over branded clothing | Business

Bentley Motors has lost a long-running high court trademark battle with a small, family-owned business, which could mean the luxury carmaker has to destroy all of its branded clothing. The high court in London on Friday ruled that Bentley Motors had infringed trademarks owned by Manchester-based Brandlogic, which owns the Bentley Clothing brand. Bentley Motors …

Bentley Motors loses trademark battle over branded clothing | BusinessRead More

Selfridges opens secondhand clothing concession with Vestiaire Collective | Fashion

Selfridges has opened its first permanent space dedicated to secondhand clothing, reflecting a significant shift in the fashion industry’s approach to “pre-loved” goods. The glossy boutique – which is run by the resale site Vestiaire Collective and housed at Selfridges’ flagship store on Oxford Street in central London – feels as aspirational as any of …

Selfridges opens secondhand clothing concession with Vestiaire Collective | FashionRead More