The Italian luxury label was awarded the mass sum by the New York court for damages and interest pertaining to a case brought against 60 counterfeiters using 150 websites to sell fake Ferragamo products.
Harrods MD Michael Ward is upbeat on the change the next few years will bring but says it will be tough for rivals without a USP as the store spends mega-money to focus on experiences, Millennials and the global shopper.
French luxury goods group Kering has complied with its tax obligations in Switzerland, it said on Friday, responding to newspaper reports alleging that the company used a Swiss-based scheme to evade taxes on earnings.
Leidsche Rijn Centrum, the new retail district in Utrecht, has announced that it will add five Dutch fashion retailers to its store portfolio, including vanHaren, Zeeman, Casanova Milano, Lotus and Avec Bel'Ghir.
Wolford is clearly on the recovery trail but changes in the way department stores display hosiery dented its wholesale turnover in key markets like the US, UK, France and Germany in the first nine months of the year.