Whoever thought London is the world's most expensive retail location, think again. Rents in Hong Kong in key retail locations can be up to four times higher than similar locations in London and Paris.
Caerlee Mills Ltd, the company which runs Scotland’s oldest continually operating knitwear mill has gone into provisional liquidation after a drop in orders has left the company in financial difficulty.
Italian luxury knitwear brand Brunello Cucinelli SpA has more than doubled in value since its initial public offering in Milan last April, giving Cucinelli a net worth of at least US$1 billion, according to the Bloomberg Billionaires Index.
Leatherbiz reports that the UK luxury sector is forecast to almost double in value over the next five years from £6.6 billion in 2012 to £12.2 billion in 2017, according to Walpole, a non-profit industry group, and consultancy Ledbury Research.
Leatherbiz reports that UK-based leathergoods company Swaine Adeney Brigg is in talks to provide clothing to Marks & Spencer after buying the former Aquascutum factory from Chinese owners.
Leatherbiz reports that the raising of prices for its leathergoods combined with a no-logo range helped push sales at Gucci parent Kering (formerly PPR – Editor) up 3% for the first quarter.
