All Luxury articles – Page 48
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NewsPositive sales for PPR in first quarter
French retail group PPR reported a positive first quarter with sales up 1.3% on a like-for-like basis to €4.1bn (£3.56bn) in the first quarter of the year.
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NewsLuxury industry backs ruling on online sales
Luxury giants LVMH and PPR have spoken out in support of a European Commission ruling that allows brand owners to continue to control how online retailers distribute their brands.
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NewsBurberry expects record profits as UK outperforms
Burberry said its full-year profits will be “at record levels” following a stronger than anticipated end to the year.
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NewsHarrods not for sale, says Mohammed Al Fayed
Harrods owner Mohammed Al Fayed told employees today that the iconic Knightsbridge department store is not for sale.
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NewsLiberty records positive EBITDA for first time in a decade
London department store Liberty has reported that EBITDA was in positive territory for the first time in a decade in the year to December 31.
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NewsLouis Vuitton loses Google battle
Google has won its long-running legal battle with Louis Vuitton over the use of the online giants Adwords service.
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OpinionCould Richemont net a winner?
No wonder Richemont is targeting a larger slice of Net-a-Porter — it has been one of the best etail growth stories in a market where its founder Natalie Massenet once faced naysayers who believed luxury fashion would never work online.
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NewsRichemont makes bid for Net-a-Porter
Luxury etailer Net-a-Porter is reported to have received a bid from Swiss luxury group Richemont.
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NewsAirport retail sales soar on weak pound
Duty-free shopping and the weakened pound drove sales at London’s airports to their highest levels for a decade last year.
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NewsBurberry to restructure Spanish arm
Luxury heritage brand Burberry is to restructure its Spanish arm in a bid to bring the division in line with the global business.
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NewsMulberry raises outlook after strong trading
Luxury leather goods and clothing brand Mulberry has raised its full year outlook following a strong Christmas trading period.
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News
Sales rise at LVMH’s Selective Distribution
LVMH has reported a 4% year-on-year rise in sales at its Selective Distribution business, which includes Sephora and DFS, its luxury duty free arm, to €4.38bn (£3.9bn).Profit from recurring operations was flat at €388m (£349m). LVMH said: “Sephora had a good year with further growth in revenue and profit from ...
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NewsChurch’s opens at Westfield London
Luxury footwear brand Church’s has opened a shop in Westfield London, its 12th store in the UK.
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GalleryStore of the Week: Loewe, Valencia
Luxury accessories and ready-to-wear brand Loewe refurbished its shop in Valencia just before Christmas, creating a concept store.
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NewsMulberry’s UK retail arm helps drive performance
Mulberry unveiled a recession-defying performance as pre-tax profits soared 16% to £1.5m in the six months to September 30.
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NewsProfits drop as Jaeger momentum slows
Profits at womenswear chain Jaeger halved in to £1m the year to February 28.
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OpinionEBay: fashion friend or foe?
EBay’s fixed price business has overtaken the auction part of the business on which it built its foundations. But talk to the luxury sector and eBay is still a dirty word.
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NewsStrong UK retail sales lift Mulberry
Mulberry posted a 16% hike in sales in the first half of the year, boosted by a strong UK retail performance.
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OpinionFlannels CVA signals continued woes for the luxury market
The economic crisis has well and truly taken the shine off the luxury market with excessive spending off the agenda for many.
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NewseBay hit outs at French court fine over LVMH sales
Online auction site eBay has accused the French courts of “hurting consumers” and has dubbed a €1.7m fine “disproportionate” after losing a case against luxury goods group LVMH.