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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Jan- 2025 -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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15 November
LVMH unveils new leadership team appointments
LVMH chairman and chief executive officer Bernard Arnault has made a raft of appointments to the group’s leadership team after…
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14 November
Burberry unveils turnaround plan as profits plummet
Burberry has unveiled a turnaround plan after it posted an adjusted operating loss of £41m for the six months ended…
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Oct- 2024 -22 October
Mulberry board backs decision to reject Frasers bid
The board of Mulberry has backed the decision by majority shareholder Challice to reject the improved £111m takeover bid from…
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14 October
Mulberry’s majority shareholder rejects increased Frasers bid
Mulberry’s majority shareholder Challice has turned down an increased bid of £111m from Frasers Group as it has “no interest…
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9 October
Gucci appoints new CEO
Kering has announced that Stefano Cantino has been appointed as the new CEO of Gucci, replacing Jean-François Palus, from 1…
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