Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa. Selfridges Central is aiming for a partner to buy out Signa’s remaining holding and The Times reported that it’s talking to several sovereign wealth funds and other deep-pocketed potential buyers. … Read more
Harvey Nichols has faced tough conditions in recent years but it’s now hoping for a better time ahead with the announcement of a new CEO. Julia Goddard, new Harvey Nichols CEO Julia Goddard is its new top executive and will take up the reins in June, as well as joining the board, moving from Kering’s … Read more
Californian fashion brand Frame has named American model and television personality Amelia Gray as the new face of its latest campaign series. Frame names Amelia Gray as new face of the brand. – Frame As part of the campaign, captured by Erik Torstensson, co-founder and chief creative officer of Frame, Gray, a familiar face in … Read more
Founded in 2014 by brothers George and Michael Eaton, British men’s streetwear brand Represent is enjoying astonishing international success these days. Present in the U.S., the Middle East and across Europe through 150 stockists, Represent is now counting on expansion in the U.S. market, which now accounts for over 20% of its sales. Focused on … Read more
Kurt Geiger has opened a pop-up in key Paris department store Galeries Lafayette with a residency that runs until 15 April. A tunnel from the storefront’s door leads shoppers into the colourful world of the British footwear and accessories brand — featuring its SS24 campaign starring Adwoa Aboah. And Kurt Geiger’s “colourful DNA” surrounds the … Read more
Icelandic outdoor brand 66°North is ramping up its expansion plans and a big part of this will be its new Strategy and Business Development Director, Josefine Laigaard. Josefine Laigaard She’s joined the business with immediate effect and will be a key player in its plan to become “the first truly global Icelandic brand”. The company … Read more
Harvey Nichols is the latest retailer to announce job cuts in a further sign that the bleak UK retail sector is hurting luxury as much as other price points. Harvey Nichols While the job cuts aren’t extensive as they affect less than 5% of its total workforce, they will have a big impact in London … Read more
The UK luxury sector is now worth £81 billion a year to the UK economy and supports 450,000 jobs, according to a new report by British luxury body Walpole. It also said the sector’s contribution to the economy has grown 69% in only five years. That’s despite Brexit, the end of tax-free shopping for tourists, … Read more
The problems at Signa could be a boon for Kering or Saudi Arabia’s sovereign wealth fund as they’re reportedly both targeting a stake in Selfridges. Selfridges The Telegraph reported that the French Gucci and Saint Laurent owner is among the big-hitters circling the luxury department store following co-owner Signa’s spectacular implosion. Saudi Arabia’s Public Investment … Read more
Kiki de Montparnasse, the high-end lingerie and pleasure brand, has officially announced the arrival of its new Global President with Alexa Cahill stepping into the role. Kiki de Montparnasse Cahill has over two decades of “global brand-building experience”, starting as a Sales and Marketing Account Executive on Jennifer Lopez’s contemporary Sweetface brand, working under Andy … Read more
