luxury sector news and archive

Walpole launches sustainability manifesto

Walpole, the industry body for the British luxury sector, has launched phase one of its sustainability manifesto at its annual chief executive and chairman's dinner. The event, which took place in the UN Ballroom at the Four Seasons Hotel, was attended by more than 100 British luxury brands and retailers, including Burberry, Dunhill, Harrods,...

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British luxury sector has grown 49 percent in four years

Walpole, the trade body for the British luxury sector that counts more than 250 brands including Alexander McQueen, Harrods and Burberry as members, has stated that the sales across the British luxury sector has grown by 49 percent in the four years from 2013 to 2017. According to Walpole’s new research the British luxury sector is now worth 48...

Retail |UPDATE

Louis Vuitton struck by China's luxury dip and shutters stores

Louis Vuitton has "strongly denied" reports that it is set to shutter up ot a fifth of its retail network in China. "As announced by LVMH Group many times, Louis Vuitton’s retail strategy in China is to optimize the quality of its store network," said the fashion house in a statement to WWD. "Our aim is to offer the best service and experience...