Fashion retail
Gucci, Louis Vuitton and co lose their buzz in Australia as flagship stores flounder
After years of rapid growth, luxury purveyors in Australia appear to be flatlining, finally caught up in the cost-of-living crisis confronting the nation’s shoppers.
- by Simon Johanson
Latest
Luxury brands still lining up for Perth’s premium strip despite Gucci, Louis Vuitton and co losing their buzz
After years of rapid growth, Gucci, Louis Vuitton and other luxury purveyors in Australia appear to be flatlining amid the cost-of-living crisis, but that hasn’t stopped brands jockeying for positions on Perth’s new premium strip.
- by Simon Johanson
Can racing save fashion retail or has the horse bolted?
Spending on fashion for the races has declined with falling crowd numbers, but it still drives millions in sales for Australian brands.
- by Melissa Singer
Opinion
Company mergers
Revenge is sweet and profitable for rag trade king Solly Lew
If share prices of Premier Investments and Myer are any indications, this deal is a hit.
- by Elizabeth Knight
Updated
Mergers & acquisitions
Myer buys billionaire Solomon Lew’s clothing brands in $950m deal
Myer will acquire a suite of Premier Investments’ clothing brands in Australia and New Zealand, giving the businessman a seat on its board.
- by Sumeyya Ilanbey
Owner of Katies, Noni B and Millers goes into administration
Mosaic Brands, the retailer that owns clothing brands such as Katies, Millers and Noni B, will continue to trade. But the administration process puts at risk the jobs of almost 3000 employees.
- by Anne Hyland
Exclusive
Insolvency
‘Where are the garments?’: High-end boutique Harrolds took deposits weeks before $16 million collapse
The Australian luxury retailer owes more than $16 million to a string of fashion houses from Paris to New York, but was still importing stock and taking deposits just weeks before its collapse.
- by Cameron Houston
‘Bracketing’ and refund abuse: Why we’re hooked on returning clothes
Buying clothes online is convenient, but it has led to a tide of garments being sent back. Overseas retailers are retaliating with fees – will Australia follow?
- by Melissa Singer
Former Abercrombie & Fitch CEO arrested on sex trafficking charges
Jeffries has been accused of luring men into drug-laced, outlandish and coercive sex parties held around the world by dangling the promise of modelling for the big retailer’s once-defining ads.
- by Jennifer Peltz and Cedar Attanasio
‘Loved and hated in equal measure’: The problem with Patagonia
The outdoor gear brand sits somewhere between an environmental activist group and a sportswear retailer – and commercial success is often not at the top of its priority list.
- by Jessica Yun
Opinion
Mosaic Brands
The rich investors losing money on Katies, Noni B operator
Will the billionaires behind the Spotlight group be the White Knight that Mosaic Brands needs?
- by Anne Hyland
Original URL: https://www.watoday.com.au/topic/fashion-retail-hzb