News
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Mar- 2018 -15 March
Signet Jewelers reports ‘challenging’ fiscal year
Signet Jewelers has posted its fourth quarter and fiscal 2018 results, which showed same store sales declined by 5.2% in the fourth quarter and declined overall by 5.3% for the full fiscal year. The groups said it aims to implement its ‘Signet Path to Brilliance’ transformation strategy, in order to…
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15 March
Richemont’s Yoox Net-a-Porter acquisition approved by Italian regulator
Italian market watchdog Consob has given the green light for Richemont’s takeover of luxury online retailer Yoox Net-A-Porter (YNAP). Swiss-based Richemont, which owns brands such as Cartier, Montblanc and Dunhill London, already has a stake in the YNAP Group, but in January made a public tender offer to buy the…
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14 March
Research shows Brexit doesn’t mean exit for international retailers in London
Research from real estate advisor, Colliers International, reveals that in the face economic uncertainty due to Brexit, Central London still remains a prime destination for international brands. Colliers found over 50% of stores on core shopping streets are international brands and 30 new retailers have arrived in the last year…
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14 March
‘Exceptional quality’ diamond sold for $40m
Gem Diamonds has announced the sale of an ‘exceptional quality’ 910-carat D colour Type IIa diamond, which was sold for $40m (£28m) in Antwerp on 12 March 2018. It was recovered from the Letšeng mine in January 2018 and is the fifth largest gem quality diamond ever recovered. Clifford Elphick,…
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13 March
Pranda Group officially certified as RJC member
Thailand-based fine jewellery manufacturer Pranda Group has been certified a member of the Responsible Jewellery Council (RJC), with a certification period of three years. The group’s core operations include production of ‘Mass Craftsmanship’, producing high craftsmanship jewellery in a mass quantity with factories based in Thailand, Vietnam and Indonesia, with…
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13 March
Study finds independent retail and leisure outlet growth is soaring
As multiple stores like New Look, Maplin and Toys ‘R’ Us close, a study by OnBuy.com has found that this has led to a rapid increase in the number of independent retailers. The study from the online retailer considered where multiple stores have declined in comparison to areas independent stores…
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12 March
Justine Cullen launches new luxury fine jewellery collection ‘Midnight’
British-based jewellery designer, Justine Cullen has launched a new luxury fine jewellery collection at a private reception at the Hoxton Hotel in celebration of London Fashion Week. The new collection called ‘Midnight’ was modelled by actress Nancy Sorrell, famous for brands such as Anne Summers, Next and TV series including…
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12 March
Retail footfall drops in February
Retail footfall decreased by 0.5% in February 2018, and is a major decline compared with the rate of 1.0% seen the previous year. According to the British Retail Consortium (BRC) this figure is better than the three-month average of -2.0% and the twelve-month average of -0.7%. However, Greater London and…
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9 March
WDC president discusses Kimberley processes at UN event
World Diamond Council (WDC) acting president Stephane Fischler joined a renowned group of executives and dignitaries yesterday at a United Nations General Assembly (UNGA) side event to discuss the Kimberley Process (KP). In the event they discussed strategies to advance its ongoing contributions toward peace, security and sustainable development in…
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9 March
TAG Heuer becomes official partner of Aston Martin
Andy Palmer, president and CEO of Aston Martin has announced that TAG Heuer has been chosen as the company’s official partner. According to the group the Aston Martin brand is the embodiment of British elegance and luxury, TAG Heuer said it was these values which appealed to the company as…
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