An interesting update in theBarneys bankruptcy story. Online ‘marketplace’ Farfetch is apparently in the frame to buy the store, negotiations which were already taking place before the news was announced of Barneys’ Chapter 11 bankruptcy filing, according to the New York Post.
It’s a sad week for Barneys, which has just filed for bankruptcy. I still remember reading about this mythical store in the early 90s, and then visiting on my first trip to New York. It seemed impossibly chic and glamorous in a 90s minimalist way; I remember buying a Prada tie with my then boyfriend from the downtown NY store and feeling at the centre of the fashion universe! (more…)
Earlier this week, independent beauty brand Charlotte Tilbury made its airport retail debut at World Duty Free in London Heathrow. The week before, the eponymous brand was one of four indie beauty companies (alongside Anastasia, Hourglass and POLA) to be showcased within the DFS downtown store T-Galleria at Galaxy, Macau.
It’s about time these types of self-made or direct-to-consumer beauty upstarts joined the action within the travel retail space. (more…)
Anyone tried Verishop? The new anti-Amazon e-com platform (from former Snap Inc. exec, Imran Khan) is an online marketplace that aims to give a much more elevated experience than the soulless functionality of Amazon.
Pitched as ‘affordable luxury’ for young customers looking for contemporary brands, it’s banking on 24/7 customer service to entice customers, with free shipping and returns, making up the margins with lower marketing spend. (more…)