The weak yuan is detering Chinese consumers from spending overseas and they are shifting their luxury buying back home.
Shares in the British retailer fell as much as 5.2 percent on Thursday after the gloomy assessment of its key Autumn/Winter sales so far.
Once the UK’s biggest department store chain, Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt, plus a power struggle with former shareholder Sports Direct.
All eyes are on the US Federal Reserve ahead of a widely expected interest rate cut.
A number of London-based designers run small yet thriving private client operations, alongside wholesale and retail. It’s hard work — but the pay-offs make it worth the effort.
The designer, whose brand is now owned by direct-to-consumer cashmere label Naadam, is hoping he can crack the code on affordable designer basics.
The BoF China Prize winner expanded her vocabulary beyond signature smocked textiles into extravagant gowns and wearable separates for a collection that will soon be ready for retail.
The beloved but beleaguered brand has suffered from a series of short-lived reinventions. Now, under the watch of exacting co-creative directors Lucie and Luke Meier, business is growing steadily.
From hero worship and ‘class appropriation’ to subtle snobbery and downright discrimination, British fashion has an odd relationship with social class.
Leaving the European Union could have a disastrous effect. But even with the Halloween deadline for a deal looming large, the subject is decidedly out of fashion.