Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.
Richemont has restructured its fashion division: AZ Factory’s ex-boss is now in charge of Dunhill, and Mauro Grimaldi, now strategic advisor of the Swiss giant's fashion & accessories division, will head AZ Factory.
Property giant Shaftesbury’s successful Seven Dials retail area in London’s Covent Garden has welcomed another arrival. Rowing Blazers, the American clothing brand, has opened a pop-up store on 16 Earlham Street.
London landlord Shaftesbury has delivered an impressive record in terms of attracting a host of new retailers and increasing footfall to its properties. it has signed over 60 new brands since 1 October 2020.
By 2025, 70% of luxury consumers will be aged below 40, forcing labels to revise their approach and values, broadening them to include more culture-based elements, according to the latest study by Bain & Co.
A big capture for Shaftesbury. The London-centric property giant has signed well-known US sister brands American Eagle and Aerie to make their UK store debuts, both taking spaces at its key Carnaby shopping attraction.
D’Arpizio, an analyst and luxury specialist at Bain & Co., explains to FashionNetwork.com how new generations of consumers are changing the rules of the luxury market’s game, forcing the industry to adapt.