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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Dec- 2020 -17 December
Watches of Switzerland profits soar in H1
Watches of Switzerland has reported an increase in its half-year profits, with profit rising to £36.2m in the 26 weeks…
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Nov- 2020 -23 November
Cake Box reports sustained recovery in H1
Cake Box said it has made “sustained recovery” since the peak of the Covid-19 pandemic when its stores were closed…
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13 November
Farfetch revenue soars 73% in Q3
Farfetch has reported that its revenue soared by 73% year-on-year to $438m (£332m) in its third quarter of trading. The…
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10 November
Former Godiva CEO acquires Artisan du Chocolat
Artisan du Chocolat has announced the sale of a majority stake to Mohamed Elsarky, the former president and CEO of…
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4 November
Fortnum and Mason names new CEO
Fortnum and Mason has named Tom Athron as its new CEO, replacing Ewan Venters in the role. Prior to his…
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4 November
Frasers Group increases stake in Mulberry to 29.7%
Frasers Group has more than doubled its stake in Mulberry, the luxury fashion company, from 12.5% to 29.7%. Mike Ashley’s…
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Oct- 2020 -30 October
LVMH agrees to reduced Tiffany deal
LVMH has agreed to go through with its acquisition of Tiffany & Co following a lengthy legal battle, albeit for…
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20 October
Watches of Switzerland appoints new chairman
Watches of Switzerland has appointed Ian Carter as non-executive chairman of its board, with effect from 1 November. Carter brings…
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13 October
Aspinal of London to close all 10 stores
Luxury goods brand, Aspinal of London, has agreed a company voluntary arrangement (CVA) approved by its creditors, thus permanently closing…
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6 October
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at…
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