Luxury retailer MatchesFashion sold for $ 1 billion

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MatchesFashion has been purchased by private equity firm Apax Partners at a reported $1 billion, according to The Business of Fashion. Founders of the lifestyle purveyor Tom and Ruth Chapman, as well as existing venture capital backers Scottish Equity Partners (SEP) and Highland Europe, … Read More

The growing potential of luxury travel retail

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As Deloitte’s latest Global Powers of Luxury report found, the world’s 100 largest luxury goods companies generated only $212 billion in 2015, down 4.5 percent year-over-year. Half of these luxury purchases, however, are made by travelers, a number that rises to 60 … Read More

Why luxury brands no longer give China’s online marketplaces the cold shoulder

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The world’s biggest luxury brands are increasingly jumping into China’s US$751 billion e-retail market The world’s biggest luxury brands have had a change of heart towards China’s online marketplaces, which they once saw as a no-win battleground of counterfeit sellers, … Read More

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