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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Aug- 2024 -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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May- 2024 -31 May
Burberry CEO forgoes bonus amid PBT slump
Burberry CEO Jonathan Akeroyd has missed out on a bonus after the luxury brand reported a pre-tax profit slump to…
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16 May
Watches of Switzerland Q4 sales rise 4%
Watches of Switzerland has seen its group revenues jump 4% up to £380m for the 13 weeks ended 30 April.…
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9 May
Selfridges boss blames job cuts on loss of tax-free shopping
Selfridges is reportedly set to cut 70 jobs with CEO Andrew Keith blaming the loss of tax-free shopping, according to…
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