With sparkling lights and beating drums, Italian luxury label Gucci took over a 14th century Seoul Palace to showcase its cruise collection, blending Korean heritage and modern fashion.

​It may not come as a surprise, but research seems to have confirmed that the highest value e-shoppers are the most sustainability-focused in a world of consumers who are generally prioritising eco-awareness more often.

Adeju Thompson, founder of Nigeria-based Lagos Space Programme, has won the International Woolmark Prize for 2023, nabbing first place in the oldest and most esteemed fashion award.

Privately-owned London jeweller Queensmith has acquired recently-failed competitor Vashi.com’s domain for an undisclosed sum. Additionally, the buyer has also taken on a number of Vashi’s former employees.

American luxury jewelry brand David Yurman has announced a new roster of 2023 brand ambassadors. 

​Richemont’s full-year results on Friday saw the luxury group reporting sales and operating profit “at an all-time high” as all regions proved profitable and its fashion businesses continued to do well.

Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in U.S. luxury purchases.

​Carolina Castiglioni and Cynthia Vilchez Castiglioni both have their eyes on growth in Japan through their respective Plan C womenswear and Aliita jewellery brands and have linked up with Bluebell Group to grow there.

People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items. 

​Luxury e-tailer Mytheresa on Wednesday reported close to 18% general merchandise volume (GMV) growth for Q1 and “continued Adjusted EBITDA profitability”.

Online luxury resale platform The RealReal announced on Tuesday total revenues for the first quarter fell 3% to $142 million, despite a single-digit uptick in gross merchandise value for the three months ending March 31.

It felt like Chanel took over Los Angeles this past week, with the staging of its latest cruise collection and the opening of supremely swish and chic new mega boutique on Rodeo Drive. 

​Matches CEO Nick Beighton has named another senior exec to his team from his former team at ASOS with Andrea Trocino having been appointed Chief Product and Technology Officer. 

Luxury watch and jewellery retailer Goldsmiths is significantly increasing its presence at the Grosvenor-operated Liverpool One mall.

​Singapore state investor Temasek Holdings is considering investing $100 million in Indian jeweller BlueStone for a stake of about 20%, two sources with direct knowledge of the matter told Reuters.

On Friday, May 5, French luxury house Chanel opened its largest boutique in the United States at 400 North Rodeo Drive; a four-story building created by architect and designer, Peter Marino, with pure elegance.