OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Swiss watchmaker Audemars Piguet is on track to hit 1 billion Swiss francs ($1.04 billion) in global sales this year, the firm’s chief executive said, amid a revival in luxury demand in China driving up watch sales.
Secoo, one of the largest premium e-commerce platforms in China, has set up a designer channel to enhance its influence in the fashion world and to help promote more Chinese indie designers on the global stage.
Mayfair and Belgravia's biggest landlord is investing £1bn in upgrading the neighbourhood with heavy investment in boosting connectivity, improving retail stores and adding experiential spaces to boost the area's appeal.