​Paul Smith's results for the year to the end of June show it continuing to "recover strongly". However, it remained loss-making and admitted it faced challenges, along with the rest of the industry.

Central Retail Corp., one of Thailand’s biggest retailers, said that it has not received any communication about investing in the iconic Selfridges department store, which is majority owned by its parent company.

Opened in mid-December, the 3,644-room casino and luxury resort has just unveiled its retail offering. Chrome Hearts, Giuseppe Zanotti, Missoni and Morris & Co are among the first brands to take over the space.  

2024 is the Year of the Dragon, but it may not be so lucky for luxury brands. Even though Chinese consumers can now travel abroad individually or in groups, investors shouldn’t expect them to rush over to Europe.

Post-pandemic tourists to Japan are increasingly snapping up folk crafts and jewelry, while sales of cosmetics and medicines has waned.

Hong Kong's luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagram-coveted spots rather than splashing out on pricey branded gear.

LVMH signed a deal to sell a majority stake in the parent company of its cruise retail business to a group of investors led by Jim Gissy, but will remain an "important minority shareholder" in the new entity.

Airlines should carry a record number of passengers next year as the sector puts the Covid-19 pandemic behind it, the industry's top trade association said Wednesday, although profitability remains a concern.

​Outlet centre giant McArthurGlen Group has announced a “solid” 14% year-to-date rise in total revenues from its portfolio, driven by an 11% rise in footfall.

Wealthy Americans are holding off on booking trips to Paris as the war in the Middle East and its wider repercussions dent demand for tourism.

Global sales of luxury goods will likely not grow significantly in the fourth quarter, with tourist flows to Europe key to spending there as local shoppers tighten their purse strings, consultancy Bain & company said.

​British shopping malls giant Hammerson is reportedly in talks to imminently offload its 40% holding in Value Retail, the owner of the tourist magnet Bicester Village outlet centre.

Lalique Group SA is adding the Château Lafaurie-Peyraguey vineyards in the Bordeaux region to its growing portfolio that includes perfume brands, hotels, restaurants, crystal artworks and Scotch whisky. 

​Spending in London’s key West End is expected to rise “significantly” this year, despite domestic shoppers remaining cautious. The big difference will be the return of tourists who are back in large numbers.

Mainland Chinese visitors to Hong Kong used to flaunt Hermes handbags in shopping malls for social media photos.

Figures from Alipay this week showed that France ranked first among European destinations for Chinese shoppers in terms of transaction value during the Golden Week shopping festival earlier this month.