Tourism
The latest news
FA renews/expands Fanatics partnership after summer Euros success
Record England football shirt and merchandise sales linked to the Euro 2024 championships this summer has led to Fanatics signing a new long-term and now-wide-ranging retail agreement with The Football Association.
Fashion
Mountain Warehouse hits new peak performance with impressive annual results
Record annual revenues and a return to profit aren’t just good news for UK outdoor clothing retailer Mountain Warehouse but “reflect customers flocking back to the high street post-pandemic”.
Fashion
Versace partners with RGZ Developers to design exclusive villas in Marbella
Italian luxury house Versace has teamed up with RGZ Developers to design eight villas in the Nueva Andalucía area of Marbella.
Luxury
Covent Garden launches ‘Little Cloud World’ art installation
Covent Garden’s tourist/consumer appeal is a key element of landlord Shaftesbury Capital’s portfolio and maintaining that appeal is essential.
Fashion
Shaftesbury Capital happy with half-year results as London's West End shines
The health of UK retail continues to be reflected in the positive performances being delivered by commercial property landlords. The latest, Shaftesbury Capital, talks of a “pleasing” half-year performance to 30 June.
Fashion
Arnault outbid by Mohari in battle to buy luxury venice hotel
Mohari Hospitality Ltd is in exclusive talks to purchase Venice’s five-star Hotel Bauer, according to people familiar with the matter, beating other bidders including billionaire Bernard Arnault.
Luxury
Selfridges CEO Keith to step down, group CEO Maeder steps in
Andrew Keith is quitting as CEO of the Selfridges division of Selfridges Group with the group’s chief executive André Maeder replacing him. He’s leaving this autumn to pursue new ventures.
Luxury
Regent St landlord Crown Estate profits jump on green portfolio but retail's improving
The Crown Estate is one of the key landlords in central London’s retail sector and it said this week that yearly net profits more than doubled to a record £1.1 billion.
Fashion
Longchamp boss calls for end to UK's 'tourist tax'
We've heard a lot of UK luxury retailers and brands begging for the government to bring back tax-free shopping for tourists and now a major French brand has added its voice to the chorus.
Fashion
Podcast: Mélanie Carron of Ladurée on her career and the iconic Parisian pastry house
Mélanie Carron, head of Ladurée, talks to Olivier Guyot on the LuxurynsightXFashionNetwork podcast (in French) about how the century-old pastry house is maintaining its competitive edge in the market.
Lifestyle
Saudi wealth fund offers to boost stake in Selfridges to 50%
Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50%, according to documents seen by Bloomberg News, after the UK department store’s co-owner fell into insolvency.
Fashion
Richemont has "resilient" Q1, Alaïa stays strong but YNAP sales fall again
Luxury giant Richemont’s Q1 results on Tuesday showed the fashion-to-fine jewellery brand owner with “resilient” sales. But while Alaïa prospered, Chloé and YNAP were less buoyant.
Fashion
Japan, with its yen at an all-time low, delights luxury brands
Riding a wave of booming tourism spurred by a historically weak yen, the Japanese market has emerged as the new El Dorado for luxury brands. However, this euphoria might be fleeting.
Lifestyle
Grosvenor data shows West End spending evolution
We may hear a lot about how London’s West End footfall hasn’t fully recovered and how tourists shoppers aren’t back in force, but the West End has other advantages, and in parts is outperforming the rest of the UK.
Fashion
Hong Kong retailers bank on duty-free quota hike to boost sales
An increase in the duty-free quota for Chinese tourists to Hong Kong may go some way to support the city's retailers, but visitors from the mainland say prices are still unattractive.
Lifestyle
O2 enjoys more success as H1 results beat 2023's record
Widespread reports of outlet centre success rates continue with London’s O2 joining the party, publishing strong first half gains.
Fashion