Moncler is one of Italian fashion and luxury’s greatest success stories this century. FashionNetwork.com caught up with CEO Remo Ruffini in Milan for some insights into making Moncler a mega success and his future plans.
Farfetch's first set of results since its IPO showed sales soaring and even though the firm is still loss-making, its growth trajectory is continuing into 2019 as the global appetite for luxury fashion remains strong.
Two of the biggest names in luxury retail are now working together with Farfetch saying on Tuesday that it’s linking up with Harrods and will be the luxury department store’s global commerce platform provider.
Harrods will not pursue the array of Indian businesses mimicking its brand name and look, the luxury retailer’s managing director Michael Ward said when questioned at the recent Global Business Summit.
Shades of India will open a new store in Meharchand Market, New Delhi, in the same area it opened its first brick-and-mortar retail outlet, on October 26. The store will have more space for the brand’s apparel lines.
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.