Arnault son named as Tag Heuer CEO

LVMH has announced that Frederic Arnault, son of chief executive Bernard Arnault, will assume the position of CEO for Tag Heuer.  Arnault’s new role will come into effect on 1 July. He had initially joined the watch group in 2017 as its strategy and digital director. In addition, LVMH announced…

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Consumer confidence slips further amid UK lockdown

GfK’s long-running Consumer Confidence Index has decreased by two points over the past two weeks. In the market research firm’s third Covid-19 flash report, it found that the measure for the general economic situation of the country dropped five points to -60 between 20 and 26 May. Additionally, the outlook…

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Online sales reach 10-year high

British retailers recorded a 10-year high for online sales in May while the continued lockdown measures kept high streets empty, according to new figures by accountancy and business advisory firm BDO. According to BDO’s High Street Sales Tracker (HSST), total like-for-like sales, consisting of both in-store and non-store sales, declined…

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The rarest pearl of all – The Cozumel Pearl

Kokichi Mikimoto, founder of the famous Akoya Pearls, always used to say “Never give up and always keep working, and someday you will have results”. This motto is the heart and soul of Cozumel Pearl Farm in the Mexican Caribbean. Not known for pearling, the Caribbean has drawn world renowned…

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F.Hinds reveals 16 June reopening

F.Hinds has revealed its plans to reopen all F.Hinds and Chapelle stores across England from 16 June, following the latest government advice for retailers.  The group said that customers would be able to try on jewellery and watches “where necessary”, but additional health and safety measures will be implemented to…

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Birmingham Assay office elects five new guardians

The Birmingham Assay office has announced the election of five new guardians of the standard of wrought plate. The raft of appointments include Simon Dawe, sales director of TH March, Kevin Saunders a regulatory and criminal barrister, David-Louis Hendley of Artfull Expression, alongside Russell Jeans CEO of Sefton Consulting and…

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Bira creates five-step guide to help independent retailers open again

The British Independent Retailers Association has created a five-step guide to help independent retailers open again with confidence later this month. The five-step guide to a Covid-secure reopening takes members through what they need to do to be safe and compliant ahead of reopening on 15 June . It also…

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LVMH retreats from Tiffany takeover

Luxury powerhouse LVMH has announced that it will no longer go ahead with its proposed takeover of Tiffany & Co in light of “recent market rumours” amid the pandemic.  LVMH had initially announced a “definitive” agreement with the luxury jewellers last November, whereby it outlined its intention to acquire the…

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Bybiehl launches first 100% recycled silver-and gold collection

Jewellery brand Bybiehl has announced the launch of its first collection in 100% recycled silver-and gold. The new collection consists of designs in the Jungle Ivy and Wave collection. The Jungle Ivy collection is inspired by wildlife and the environment. Moving forward all future collections will be produced in gold…

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Biggest decline in shop prices since 2006

May shop prices tumbled at the fastest rate of decline since 2006, falling by 2.4% against a 1.7% decrease in April.   This was “largely” driven by a sharp fall in non-food prices, which fell “sharply” by 4.6% in the period, compared to a decline of 3.6% the month prior. This…

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