Covid-19 has once again put the brakes on consumer spending, according to a recent survey by Deloitte. In luxury shopping districts, in Milan for example, the footfall drop since the start of 2020 has been drastic.
RIL’s Reliance Retail has topped Deloitte’s list of the 50 fastest growing retailers in the world between the 2013 financial year and the 2018 financial year, and was the only Indian business to be featured.
Ted Baker has hired California-based consultants Korn Ferry to help it find a replacement for chairman David Bernstein, who is stepping down next year. It follows a series of scandals at the embattled fashion brand.
Jewellery is a booming, sought-after sector, as shown by LVMH’s recent bid for Tiffany & Co. FashionNetwork looks into the advantages and potential of an industry still little-known and underexploited by luxury groups.
In 2018, 265 merger and acquisition operations were recorded in the luxury industry, chiefly in Europe, in the hotel and the beauty sectors. Disruptive and digital technologies will drive investment in 2019.