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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Jul- 2020 -22 July
Tapestry CEO resigns after company launches investigation
Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman, has announced its chairman and CEO Jide Zeitlin, has…
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Jun- 2020 -30 June
TM Lewin collapses into administration
TM Lewin has collapsed into administration following news that the retailer was eyeing up a pre-pack administration deal. According to…
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8 June
Mulberry to cut global workforce by 25%
Luxury retailer Mulberry has announced the launch of a consultation process on proposals to reduce its workforce by approximately 25%…
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May- 2020 -26 May
Burberry senior independent director departs due to ‘other executive commitments’
Burberry has announced that Jeremy Darroch, independent non-executive director and senior independent director, has informed the company that he will…
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22 May
Burberry sales fall 27% amid Covid-19 pandemic
Luxury fashion retailer Burberry has reported a 27% decrease in like-for-like sales in its fourth quarter results, attributing the loss…
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14 May
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead…
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Feb- 2020 -7 February
Burberry warns on sales impact from coronavirus outbreak
Luxury fashion retailer Burberry has warned that its sales for the year ended March 2020 will be impacted by the…
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Dec- 2019 -20 December
The White Company profits jump 26% in FY results
The White Company has reported a 26% increase in profits to £14.4m for in its full year results to 3…
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10 December
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed…
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5 December
Gucci owner in talks over potential Moncler takeover
Gucci’s parent company Kering is reportedly in talks over a potential takeover of Italian apparel company Moncler. According to Bloomberg,…
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