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Customers passing through Harrods can’t avoid former owner
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Harrods reported a £34.3 million ($46.2 million) pre-tax loss for its fiscal 2024 as exceptional costs overshadowed otherwise steady trading. Turnover for the full year rose by 0.6 percent, to £1.08 billion ($1.46 billion), compared to 2023.
Former Harrods staff who were sexually abused by Mohamed Al Fayed are calling for a boycott of the luxury store after over 400 victims came forward.
The company is investigating potential involvement of its current staff in the alleged sexual abuse by former owner Mohamed Al Fayed and is collaborating with Scotland Yard to address the claims.
The 98th Academy Awards, and Vanity Fair’s revamped after-party, bring luxury brands’ red-carpet strategies to a crescendo. Plus, Lululemon reports quarterly results with the CEO job still vacant.
In this week’s High Margin luxury newsletter: A softening resale market for Birkin and Kelly bags poses questions for luxury powerhouse Hermès. Plus, a run on Chanel’s stores during Paris Fashion Week.
Goasglas is set to head the luxury conglomerate’s biggest watch label after the sudden exit of former chief executive Antoine Pin in January.
The Italian knitwear house joins a growing list of heritage brands sold to outside investors. Chief executive Livio Proli discusses the strategy behind Missoni’s next phase.
The Savannah, Ga.-based pajama brand has developed a devoted following for its super-soft pyjamas. With their first daywear collection, they’re hoping that loyalty will apply in a much more competitive category
Sunday night’s Oscars concluded an awards season that fashion’s biggest labels used to show off their new creative game. BoF breaks down what we learned about brands’ celebrity strategies.
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Global oil markets face turmoil after a US attack on Iran's main export hub heightened risks to supply across the Middle East.
