July 12, 2021
Luxury Daily’s live news for July 12:
Nordstrom takes minority stake in Topshop in bid for younger shoppers
U.S. department store chain Nordstrom has announced its acquisition of a minority interest in four Asos brands, fostering a mutually beneficial partnership.
Louis Vuitton debuts ecommerce in Mexico in Latin American push
French fashion house Louis Vuitton is furthering its reach in Latin America with a new ecommerce site and boutique.
Net-A-Porter, Mr Porter enter pre-owned timepiece space
Online retailers Net-A-Porter and Mr Porter have partnered with pre-owned watch specialist Watchfinder & Co., marking the brands’ first move into secondhand luxury watches.
Coty to launch innovative, contactless fragrance testing
Beauty group Coty is announcing a hands-free fragrance testing device that will be available for retailer use in the next 12 months.
1 Hotels set to open first Canada property in Toronto
Hospitality group 1 Hotels is now accepting reservations for its Toronto space, set to open next month.
Luxury brands leverage livestreams, influencers for successful 618
Second to Double 11, or Single’s Day, the 618 shopping festival is the largest mid-year ecommerce promotion in China, with sales surpassing $53 billion this year.