Hermes reported weaker than expected first-quarter sales as the Iran war hit spending in the Middle East region as well as in France, with fewer tourists visiting Paris and buying expensive handbags and clothes. Read More
Recent news that Gordon Brothers was in talks to buy Radley has been added to by a report that Next is also eyeing the business. Read More
Retail giant M&S has unveiled a major makeover for its Sparks loyalty programme that says it’s a “key strategic milestone as M&S reshapes for growth”. Read More
Debenhams Group has named Nikki Tattersall as its new chief product officer as it aims to accelerate its youth brands’ turnaround. The group owns brands including Boohoo and PrettyLittleThing. Read More
Jacqui Markham has joined to lead creative direction for its own-brand fashion as new partnerships with Rejina Pyo, Amanda Wakeley, Belstaff and Patagonia launch this month. Read More
Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges in reviving the brand’s appeal. Read More
Burberry Group’s chief financial officer, Kate Ferry, said on Wednesday that Asia had very compelling long-term prospects for the luxury retailer, but recognised there would be intensified competition. Read More
By kitting out up to 4,000 staff, officials, umpires, and ball kids, Boss aims to leave “an unmistakable impression” and put its signature style centre stage at the Australian Open. Read More
Frasers Group is reportedly ramping up its activity in the property sector with the acquisition-hungry retailer believed to be prepping a £400 million deal to buy two major outlet centres. Read More
Baja East co-founder John Targon has been appointed to the role of president at ByGeorge, a Texas-based luxury retailer owned by the MML Hospitality group. Read More
