Luxury Goods
The latest news, updates and analysis on the luxury goods segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Feb- 2025 -20 February
Tapestry agrees to sell Stuart Weitzman brand for $105m
Luxury retail group Tapestry has entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres, a portfolio…
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12 February
Gucci sales slump drags down Kering FY performance
Kering, which owns brands such Gucci, Yves Saint Laurent and Bottega Veneta, has reported a 29% drop in EBITDA to…
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7 February
Watches of Switzerland ‘on track’ amid strong festive performance
Watches of Switzerland has announced it remains “on track” to hit its FY25 targets, as its Q3 performance was in…
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6 February
Pandora profits up 13% as it prioritises jewellery
Pandora has seen its EBIT rise 13% to £890m in its FY24 as a result of its ‘Phoenix strategy’ pushing…
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Jan- 2025 -22 January
Mytheresa nominates Richemont CFO to board
Mytheresa has nominated Burkhart Grund, the chief financial officer of Richemont, as its new supervisory board member, subject to the…
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20 January
What can the luxury retail sector expect in 2025?
As we step into 2025, the luxury retail sector finds itself at a pivotal crossroads. The industry, which witnessed a…
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3 January
Watchfinder losses hit £12.6m in FY24
Watchfinder has reported a pre-tax loss of £12.6m during the year ended on 31 March 2024. Sales for the retailer…
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Dec- 2024 -5 December
Watches of Switzerland profits dip 39% despite revenue surge
Watches of Switzerland has reported a 39% decline in its profit before tax from £67m to £41m despite a 4%…
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Nov- 2024 -20 November
Deliveroo partners with Hurr to deliver rental designer dresses
Deliveroo has announced a new partnership with resale fashion marketplace Hurr to bring rental designer dresses to customers. The new…
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19 November
Mulberry to ‘rebuild’ business after losses widen and sales plunge 19%
Mulberry has seen its losses widen to £15.3m in its half-year results, up from a previous loss of £13.5m, as…
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