WH Smith has opened its new concept store and café at Perth Airport in Australia. The new store is located at Terminal 4 of the airport, and is an example of the retailers newest shop design. The interior is inspired by a landscape of Western Australia. The bookshop area of the store...
Island Poke has launched its seventh site, located at 137 Victoria Street, London. The restaurant opened to the public on May 14th. According to CateringToday, the new site features Island Pokes trademark design with sleek wooden fixtures. The site also provides seating for up to 12 diners to eat in, including swing...
David Beckham has signed a 10-year eyewear license agreement with Italian eyewear specialist Safilo, meaning that his eponymous brand will offer a range of glasses to its customers. Safilo already has licences with Dior, Fendi, Givenchy and Max Mara, and will design, manufacture and distribute David Beckham glasses and sunglasses, with...
Boots has reported an 18.3% decrease in UK profits to £317 million. The retailer’s parent company is said to be exploring the option of store closures, after putting the profit drops down to intense competition and the highly promotional retail market. The retailer is owned by US company Walgreens Boots Alliance,...
LVMH announced that it is planning to launch Rihanna’s global label in ‘Spring 2019’, and confirmed that the label would be called Fenty. This is in line with past collections that Rihanna has released under the name of her surname, including a lingerie line called Savage x Fenty, a sportswear collection...
Michael Kors has opened a new store concept located inside a six-floor townhouse on Old Bond Street. The store features a simple colour palette of grey, white and brass to signify the brands signature luxury. It also takes some inspiration from the designer’s homes in New York City and Florida. The first...
eBay has opened a pop-up shop for small businesses to showcases and sell their products in Wolverhampton. The store will be open for a month and is located in Wolverhampton’s i10 building. The aim for the pop-up is to experiment how physical stores can drive online sales. There will be around 40...
Kering has agreed to €1.25 billion tax payment in order to settle a dispute with Italian tax authorities. Luxury Goods International, a subsidiary of Kering, has been under investigation for avoiding tax on earnings made by Gucci in particular, in Italy between 2011 and 2017. "The group has concluded today a settlement...
Spanish fragrance and fashion group, Puig, has reported a 5% increase in net profits before taxes in 2018, even while experiencing a €2 million slip in group revenues. Pre-tax profit grew 5% to €326 million, which was a new record for the company. Puig controls five fashion houses: Carolina Herrera, Nina Ricci,...
Debenhams is set to launch a turnaround plan that will see the closure of up to 50 stores and rent reductions at the remaining stores. This comes after administrators rejected all of the takeover bids for the struggling retailer. This means that Debenhams is still owned by Celine, which is a consortium...
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