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- 2024 -3 September
Harrods sales hit £900m but profits slide £35m
Sales at Harrods have surged to almost £900m in its latest full-year results, as revenues rose by 8% to £898.4m…
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Aug- 2024 -28 August
Naked Wines appoints new CFO as losses widen
Naked Wines has appointed Dominic Neary as its new CFO after it posted a loss before tax of £16.3m for…
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13 August
Pandora reports 15% organic growth in Q2 2024
Pandora has reported a 15% increase in Q2 2024 organic growth to DKK 6.77bn (£744m), comprising Like-for-like (LFL) growth of…
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5 August
Ferragamo net profits plummet 73% in H1
Ferragamo’s net profits plummeted 73% to €6m (£5.1m) for the first half of the year ended 30 June 2024. In…
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Jul- 2024 -31 July
Prada’s revenues hit €2.5bn in H1
Prada Group’s revenues increased 17% YoY to €2.5bn (£2.1bn) during the first half of the year ended 30 June. Retail…
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25 July
Burberry begins hunt for chair’s successor
Burberry is reportedly seeking a new board member who could replace incumbent chair Gerry Murphy, according to reports from Sky…
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15 July
Burberry ousts CEO amid profit warning
Burberry has announced that it has replaced its CEO Jonathan Akeroyd effective immediately after its Q1 sales dropped by a…
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9 July
Majestic eyes 125 new store locations
Majestic Wine has revealed that it has identified 125 locations for potential new stores across England, Scotland, Wales and the…
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Jun- 2024 -27 June
Watches of Switzerland EBITDA falls 11% amid 2% rise in group revenues
Watches of Switzerland has reported a 11% decline in adjusted EBITDA amid a 2% rise in group revenues to £1.5bn…
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18 June
Michael Kors eyes further price hikes as UK sales nosedive
Michael Kors may resort to further price hikes after seeing the cost of basic materials rise, at the same time…
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