Mytheresa opens new store in Munich
The newly-opened Mytheresa fashion store (owned by Neiman Marcus) in Munich, the online retailer’s sole outpost, spans 1,200 sq m, making it a …
Major move in India’s luxury retail – Reliance acquires Genesis
After month-long negotiation India's Reliance Brands, a subsidiary of Reliance Retail that handles the ‘luxury’ portfolio has fully acquired competitor …
Ferragamo shares tumble after family sell stake
Shares in Salvatore Ferragamo tumbled on Wednesday after the luxury group's controlling family sold shares at a steep discount, sparking concern …
Bonmarché posts 27 percent increase in annual profit
Reporting its preliminary results for the 52 week period ended March 31, 2018, Bonmarché said, the group's profit before tax …
Aeffe Group eyes 10-12% revenue rise for 2018
For 2018, Italian fashion group Aeffe is envisaging a 10-12% revenue rise, together with “a more than proportional increase in …
Swatch Group employees allegedly received $10 million in bribes
Two former employees of the watch brand Tissot and a third from another Swatch Group company were paid more than …
