Overall global sales of licensed products for fashion was $31.1 billion in 2016.
The trend is exhibited by the fact that yoga brand Pure is moving into half of Burberry’s space in Pacific Place mall.
Retail and luxury titans are putting their money behind travel businesses.
According to Chalhoub’s fifth white paper study, high-end online sales in the Gulf are expected to total $1.5 billion within four years.
Fashion notched modest gains during the study’s five-year period but will continue to be challenged by moves overseas and increased automation.
Shares climbed after Burberry reported a 7.3 percent decline in 2016-17 profits.
Bailey may have bid the financial world an emotional farewell, but it’s clear he remains committed to Burberry.
Cindy Lincks, chief executive officer and founder of Reachify, explains.
Maria Giovanna Matteini and Giulia Boeri, PR and communication specialists at Italian luxury retailer LuisaViaRoma, explain.
Johann Rupert is seeking digital know-how as he retools the company for the future.
Twenty-nine-year-old Anton Rupert is among those set to join the company’s board.