All Luxury articles – Page 15
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NewsSelfridges sold to Thai-Austrian joint venture in £4bn deal
Luxury department store chain Selfridges has been sold by the Canadian Weston family to a joint venture between a Thai retailer and an Austrian property company for an estimated £4bn.
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AnalysisWho will be the retail winners and losers of 2022?
Which retailers will fly and flop in the year to come? We asked retail experts to share their tips for 2022.
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NewsWatches of Switzerland ‘bullish’ about Christmas success after year of disappointment
Watches of Switzerland have recorded soaring sales across all markets in which it operates and is gearing up for a blockbuster Christmas.
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NewsHarrods swings to a loss as pandemic and Brexit take heavy sales toll
Harrods has swung to a loss after store closures during the pandemic and the impact of Brexit slashed sales in half.
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OpinionMove of the Week: What will luxury veteran Jonathan Akeroyd bring to Burberry?
Jonathan Akeroyd’s appointment as new Burberry chief executive should serve to ease some of the concerns surrounding the future of the fashion giant.
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NewsBurberry poaches new chief executive from Versace
Burberry has named Versace boss Jonathan Akeroyd as its new chief executive to replace the outgoing Marco Gobbetti.
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NewsMatchesfashion appoints French department store boss as new CEO
Matchesfashion has named Paolo de Cesare as its new chief executive.
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AnalysisTourism to localism – how retailers in prime cities are shifting strategies
Following the lifting of Covid-19 restrictions, “freedom” may have arrived in the UK – but tourists have not. Indeed, it could take years for the volume of visitors, particularly those from Asia, to return to pre-pandemic levels. So how can prime cities like London adapt and innovate to win more spend from domestic consumers?
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AnalysisMichael Murray: The man Mike Ashley is entrusting with the future of Frasers
Who is the man Sports Direct founder Mike Ashley has appointed as his successor and can he turn around the retailer’s fortunes?
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NewsBurberry posts ‘strong’ first quarter sales uplift against pre-pandemic levels
Burberry has reported an “excellent start” to its new financial year as full-price sales growth accelerated against its pre-pandemic performance.
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NewsWatches of Switzerland unveils five-year plan as ‘strong momentum’ continues
Watches of Switzerland has created a new strategic plan to keep momentum going as its profits and sales soared during the pandemic.
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AnalysisAnalysis: Is Burberry’s golden era over with Marco Gobbetti’s exit?
As Burberry boss Marco Gobbetti exits, Retail Week takes a look at the tenure of the man brought in to save Britain’s iconic luxury brand.
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NewsSelfridges bid approach brings price tag in excess of £4bn
Selfridges, one of the world’s most famous department stores, may be sold for £4bn or more.
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AnalysisAnalysis: Lush and Watches of Switzerland on nailing international expansion
‘Non-essential’ UK retailers have had a bruising year and many of those that have proved most resilient have relied on international markets to bolster growth in 2020. Should more businesses look to do the same in 2021 and beyond?
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NewsWatches of Switzerland eyes new store openings after ‘strong finish’ to year
Watches of Switzerland has recorded strong sales across both the UK and the US, with momentum continuing into the new financial year.
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NewsFarfetch revenues soar after ‘tremendous start to 2021’
Farfetch reported strong growth in both revenues and gross merchandise values in what the luxury specialist’s boss called a “tremendous start to 2021”.
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NewsBurberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.
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GalleryStore gallery: Harrods opens Chocolate Hall as Knightsbridge revamp continues
Harrods has opened a new Chocolate Hall as it concludes the restoration of its iconic food halls.
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AnalysisAnalysis: Five ways that W Galen Weston changed retail
Retail Week looks at how the entrepreneur and philanthropist built a transatlantic empire and changed the face of the industry.
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NewsMatchesfashion chief executive Ajay Kavan exits
Matchesfashion boss and former Amazon executive Ajay Kavan has exited the business with immediate effect after a year in the role.