theft news and archive

Police arrest Valentino store robbery suspect in Paris

Paris police on Tuesday fished a man out of the Seine river, which he jumped into after he rammed a car into a Valentino store and robbed dozens of luxury handbags. The 24-year-old suspect smashed into the store around 2:00 am on the high-end Rue Saint-Honore, a police source said. He grabbed as many as 30 luxury handbags and other items before...

Business|ANALYSIS Featured

Organized theft costs US retailers 700.000 dollars per each billion dollars in sales

Major retailers across the U.S. are facing a surge in organized shoplifting, with about 80 people participating in the organized ransack of a Nordstrom store in California and more than a dozen people swiping merchandise from a Louis Vuitton store in Chicago, where Neiman Marcus saw one of its store also looted. On Thanksgiving day another...

Retail

Nation of shoplifters as shoplifting increases in the UK

London - Trading conditions are not getting any easier for retailers across the UK. Facing increasing competition from international rivals, discounters, and shifting consumer shopping habits retailers have another growing concern - shoplifting. Although the concept in itself is nothing new, a new survey from OnBuy.com, online marketplace, has...

Fashion

1,400 Oliver Bonas dresses stolen

London - Police are appealing for witnesses after 1,400 dresses from lifestyle retailer Oliver Bonas were stolen from a lorry in Gravesend, Kent. The theft is thought to have taken place between the night of January 17 and the morning of 18. The dresses were stolen from the lorry which was parked in an Asda car park in Imperial Retail park in...

Retail

Harrods employee steals 280,000 pounds of loyalty card points

A Harrods employee has been found guilty of fraud and theft after she accumulated 280,000 pounds worth of loyalty card points from customers who failed to collect them. Chomchanok Hongsakuulvasu admitted to undertaking a three year scam during which she acquired close to 850,000 Reward Card points from the luxury department store. The points are...

Design

Knightsbridge boutique targeted by thieves

A gang of thieves has stolen 150,000 pounds of designer handbags from a boutique in London's Knightsbridge. The gang stormed the Designer Exchange in daylight and made off with a selection of goods described by the shop's CEO Dominic Durante as "one of the finest Hermès collections of Birkin and Kelly handbags that were available to buy in a...

Design

Céline and Dior victim of theft

Luxury boutiques are being targeted by thieves and both Céline and Dior are the latest victims of theft. The stores, both in Paris, were robbed on Wednesday with the stolen goods being valued near 100,000 euros. French police confirmed the robberies, just days after Chanel in London saw a similar break in. “We don’t really know what happens to...