Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried that if they don’t snatch up their flagship stores, one of their competitors will purchase the property and evict them....
As brands and retailers look to translate real-life experiences into the online realm, beauty and fashion tech solutions provider Perfect Corp. is looking to augment them. In its latest development, the artificial intelligence (AI) and augmented reality (AR) provider has teamed up with French green...
It may be Men’s Fashion Week in Paris right now, but for the rest of the retail world, it’s looking a lot more like luxury retail season. This, in the wake of three separate high-end retail earnings reports this week, that have not only blown...
Despite closure of about 17 percent of its worldwide stores in the first half of 2021 because of continued COVID-19 restrictions, Prada reported revenues of more than $1.52 billion for the six months ending June 30, up 60 percent from the same time last year...
April 08, 2024
Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the location on the luxury shopping corridor, Bloomberg reported Monday (April 8). Global luxury retailers have been competing to buy buildings on Fifth Avenue for months, according to the report. Kering bought one for […]
April 07, 2024
Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried that if they don’t snatch...
July 30, 2021
Despite closure of about 17 percent of its worldwide stores in the first half of 2021 because of continued COVID-19 restrictions, Prada reported revenues of more than $1.52 billion for...
April 20, 2021
LVMH is joining forces with two other big names, Prada and Cartier, in order to put out the world’s first global luxury blockchain, according to a Tuesday (April 20) press...
