A travelling exhibition exploring the designer’s work, and an documentary giving fans an inside look into his creative process have contributed to pre-tax profits falling by almost 30% at the company in 2017.
Harrods is clearly not suffering from the cloud hanging over many of its sector peers further down the price chain and like luxury rivals Selfridges and Harvey Nichols, luxury and tourist spending has sent profits up.
There are few more fertile imaginations in European fashion today than Marine Serre. Her clothes are hybrid and experimental; don’t really follow mainstream trends and were shown with zest and novelty Tuesday in Paris.
The cat was already out of the bag yesterday but that didn’t detract from the impact of the news on Tuesday that Michael Kors is acquiring Versace for around $2 billion and changing its name to Capri Holdings.
The Italian luxury house signed off on a superb ready-to-wear collection at Milan Fashion Week, presenting a chic and laid-back womenswear offering in leather, accompanied for the first time on the runway by menswear.