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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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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9 May
Watches of Switzerland acquires Roberto Coin
Watches of Switzerland Group has signed and completed the acquisition of the entire share capital of Roberto Coin Inc. for…
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3 May
Apple profits fall as iPhone demand slows
Apple has reported a 2% year-on-year decline in profit to $23.6bn (£18.8bn) and a 4% decrease in revenues to $90.8bn…
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2 May
Hugo Boss Q1 sales jump 6%
Hugo Boss has announced that its sales jumped 6% on a constant currency basis to €1.01bn (£860m) for the three…
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1 May
Mulberry revenues decline 4% in FY24
Mulberry Group revenues fell by 4% in the year ended on 30 March compared to the previous year against a…
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Apr- 2024 -26 April
Burberry faces takeover threat after share drop
Burberry is at risk of takeover after losing a fifth of its value since the start of the year, The…
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24 April
Kering revenues dip 11% to €4.5bn in Q1
Kering’s revenues were down 11% to €4.5bn (£3.8bn) for the first quarter of 2024 as Gucci, Yves Saint Laurent and…
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19 April
Mytheresa FY24 guidance ‘at lower end’ despite healthy Q3 sales
Mytheresa has confirmed that its guidance for FY24 to 30 June will be “at the lower end” of its estimated…
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