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.
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.
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.
Bravissimo is seeking a suitable store site on the US East Coast with plans to open in 2018. And it also wants to open more London/South UK stores, despite profits taking a hit from its expansion spend.