Michael Kors has reached a deal to buy its smaller luxury segment peer Jimmy Choo for almost £900 million, well above the £800 million that was expected. It plans fast expansion and a move into new fashion product areas.
To celebrate their 35-year partnership, Azzedine Alaïa and Barneys New York have created an exclusive capsule collection. The collection takes its inspiration from classic Alaïa silhouettes dating back to the 1980s.
Amazon Fashion in the UK has released its summer trends report and it shows that Sunday is the most popular day of the week to shop for fashion. It also said analogue watches are popular, as are skinny and mum jeans.
It seems to be the season for speculating about who is (or isn’t) bidding for which company and the latest rumour to emerge is that Investindustrial is on the shortlist to buy cycling specialist Rapha.
London's luxury shopping appeal was underlined Monday on news that a private jet firm has seen surging demand for London flights as even wealthy shoppers take advantage of post-Brexit vote luxury bargains.