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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Nov- 2022 -30 November
Mulberry reports £3.8m loss in H1
British sustainable luxury brand Mulberry reported a pre-tax loss of £3.8m in the first half of this year, down from…
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22 November
Watches of Switzerland expands Canary Wharf showroom
Watches of Switzerland has unveiled its newly refurbished Canary Wharf showroom, having added the unit next door, more than doubling…
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16 November
Richemont sees sales surge but performance hampered by YNAP loss
Luxury jewellery retailer Richemont has reported strong sales and profit increase for the first half of the year but the…
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16 November
Estée Lauder to acquire Tom Ford in $2.8bn deal
The Estée Lauder Companies (ELC) has announced it is set to acquire luxury brand Tom Ford in a deal that…
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Aug- 2022 -23 August
Mulberry chairman Godfrey Davis to step down
Mulberry has announced that its chairman, Godfrey Davis, intends to step down from the board of directors on 30 September…
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15 August
Harrods threatens to replace strikers with agency staff
Harrods has reportedly threatened to use new laws to break possible strikes by using temporary workers from agencies if industrial…
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Jul- 2022 -7 July
Watches of Switzerland hits ‘record’ sales of £1.24bn
Watches of Switzerland has delivered “record” sales in FY22, with revenues up 40% to £1.24bn in the year ending 1…
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Jun- 2022 -14 June
Zalando acquires majority stake in Highsnobiety
Zalando has announced the acquisition of a majority stake in Highsnobiety, the “influential” global fashion and lifestyle media brand. Highsnobiety…
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May- 2022 -18 May
Watches of Switzerland hails record revenues of £1.23bn
The Watches of Switzerland Group has reported its group revenues surged 40% year-on-year from £905m to £1.23bn in the 53…
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18 May
Burberry lowers FY23 forecast despite record revenues
Burberry has lowered its FY23 forecast as it expects a currency tailwind of £159m on revenues and £92m on adjusted…
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