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- 2019 -23 January
Burberry like-for-like sales marginally up over December
Luxury fashion house Burberry has announced a marginal like-for-like sales increase over December as it “continued to build brand heat”…
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Dec- 2018 -10 December
Mike Ashley’s Flannels given £125k rates relief despite £65m turnover
Mike Ashley’s high end fashion chain Flannels has been handed £125,000 in business rates “help” by a local council amid…
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Nov- 2018 -27 November
Kering to take e-commerce in-house by 2020
Luxury fashion house Kering has announced it is to bring its e-commerce entirely in-house by 2020. The company that owns…
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23 November
Chinese shopping sites pull Dolce and Gabbana goods amid ad backlash
Dolce and Gabbana products have been pulled from Chinese e-commerce as a result of its controversial ad campaign. The luxury…
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8 November
Burberry sees profits jump 36%
Burberry has reported a 36% rise in profits for the 26 week period ending 29 September 2018, despite seeing a…
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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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