The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The LVMH-owned travel retail group announced today its plans to open a suite of luxury boutiques in Queen’s Wharf, a development on the Brisbane River expected to launch in 2022.
The complex will span over 6,000 square metres, feature offerings from over 100 luxury brands.
In recent months, DFS has been among the travel retail players investing in up-and-coming duty free hubs that will allow it to better target luxury shoppers unable to travel globally: earlier this month, DFS and partner Shenzhen Duty Free Group unveiled the first phase of their new downtown duty free shopping complex in Hainan, China. Like Hainan, DFS is betting that Brisbane will benefit from a rebound in visits and spending once the sector recovers from the pandemic.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.