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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Sep- 2018 -19 September
Orla Kiely ceases trading as parent company enters administration
Eponymous handbag and homeware retailer Orla Kiely has ceased trading as of Monday 17 September 2018. Its parent company Kiely…
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Aug- 2018 -21 August
FRC fines KPMG £2.1m for ‘breach of ethical standards’ in Ted Baker audit
The Financial Reporting Council (FRC) has issued a £2.1m fine and “severely reprimanded” KPMG and its partner Michael Francis Barradell,…
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20 August
House of Fraser woes push Mulberry into £3m loss
Designer fashion brand Mulberry has issued a profit warning following the financial woes of House of Fraser. With the company,…
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13 August
Lush to offer free coffee
Cosmetics retailer Lush is to offer free coffee in an attempt to cut down on single use coffee cups. Customers…
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3 August
Selfridges open ‘Christmas Shop’ four months before the festive period
Selfridges has opened its ‘Christmas Shop’ four months before the festive period, with the department store claiming the decision was…
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Jul- 2018 -11 July
Burberry’s growth slows in Q1 2018
Luxury fashion house Burberry has said it has recorded a “solid performance in retail during a period of transition”, despite…
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Jun- 2018 -25 June
Goldsmiths jewellers owner appoints banks ahead of IPO listing next year
The parent company of British jewellery retail chain Goldsmiths has appointed two banks to manage its flotation on the stock…
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22 June
Chanel reveals profits for the first time
Fashion brand Chanel has released its profit figures for the first time in its 108-year history. Chanel saw an 18%…
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20 June
Hornby announces £10.1m loss
Hornby has announced a pre-tax loss of £10.1m and “lower than expected sales” leading to shares plummeting by 20% this…
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1 June
Lush ‘anti-police’ campaign heavily criticised
Cosmetics retailer Lush has been shrouded in controversy after releasing window displays described by many on social media as “anti-police”.…
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