The past week in luxury retail has underscored a sector in agile transition—strategically shedding what no longer serves, embracing cultural cachet, and redrawing the boundaries of what defines “luxury” for modern consumers. From De Beers’ decision to shutter its lab-grown diamond venture to ThredUp’s entry into the digital vintage pop-up space, the industry is signaling … Read more
For the first time in over three decades, Milan’s Via Montenapoleone has claimed the title of the world’s most expensive shopping street, dethroning New York’s Upper Fifth Avenue. This historic shift reflects more than just rising rents—it signifies a transformation in the global luxury landscape. Nestled in the heart of Milan’s Quadrilatero della Moda (Fashion … Read more
Patek Philippe x Tiffany & Co: 170 Nautilus watches to celebrate 170 years of friendship 170 Nautilus watches to celebrate 170 years of special relationship between Patek Philippe and Tiffany & Co. American luxury jeweler Tiffany & Co., founded in 1837, and Geneva watchmaker Patek Philippe, founded in 1839, have shared the same values since … Read more
Rinascente will pay for improvements to walkways outside its flagship store
The vision for the future of luxury retail according to Yoox Net-A-Porter Group Chairman and CEO, Federico Marchetti. Last month, Yoox Net-A-Porter Group Chairman & CEO Federico Marchetti took the stage at the 2019 World Retail Congress in Amsterdam, the event bringing together the leaders of the global retail industry to discover the latest … Read more
The exclusive partnership will serve as a catalyst for Neiman Marcus to enable its existing customers to participate in pre-owned, while also reaching new, younger shoppers ahead of their peak spending years. Neiman Marcus Group has agreed to acquire a minority stake in Fashionphile, a leading pre-owned e-commerce company focused exclusively on ultra-luxury … Read more