All Luxury articles – Page 8
-
NewsMytheresa circles Yoox Net-a-Porter for possible takeover bid
Luxury fashion retailer Mytheresa is reportedly among the potential bidders looking to snap up Yoox Net-a-Porter from Swiss luxury group Richemont.
-
NewsSecret Sales acquires Dress For Less in European expansion drive
Premium non-full-price marketplace Secret Sales has announced the acquisition of German discount platform Dress For Less as it bolsters its presence in Europe.
-
InterviewRituals CEO on the retailer’s drive to ‘open one new store every working day’
Retail Week sits down with Rituals founder and chief executive Raymond Cloosterman to find out why he’s driving the brand to open a new store every working day this year, despite the downturn in luxury sales around the globe.
-
GalleryHarrods celebrates 175 years of trading with year-long special
Harrods is celebrating 175 years of the brand’s establishment with a year-long anniversary celebration.
-
NewsMatches suppliers left up in the air after collapse into administration
Matches suppliers have reportedly been left in the lurch after the retailer collapsed into administration earlier this month.
-
NewsFrasers Group puts Matches into administration
Frasers Group is putting online luxury fashion retailer Matchesfashion into administration after buying it less than three months ago.
-
NewsHugo Boss sales hit €4bn for first time in record year
Fashion retailer Hugo Boss has posted sales of more than €4bn (£3.4bn) for the first time in its history in a “record” year for the business.
-
NewsMinister warns tourist tax may not be overturned in spring Budget
The financial secretary to the treasury, Nigel Huddleston, has warned that a u-turn on the tourist tax is unlikely to be announced in the spring Budget.
-
NewsReintroducing tax-free shopping would be ‘welcome relief’ for luxury sector
Reinstating tax-free shopping for tourists visiting the UK would be a welcome relief for the luxury sector, which is suffering from softer consumer demand, according to GlobalData.
-
NewsCroydon shopping centre boosted by 12 new signings
Croydon shopping centre Centrale & Whitgift has announced 12 new signings as owner Unibail-Rodamco-Westfield says demand from occupiers is at an “all-time high”.
-
NewsFarfetch to cut up to 30% of workforce as Coupang takes over
Farfetch is set to cut up to 30% of its total workforce as global ecommerce retailer Coupang takes ownership, Drapers has reported.
-
NewsMytheresa ‘outperforms’ as luxury fashion sales grow
Luxury fashion retailer Mytheresa has hailed its sales growth during the second quarter, despite falling profits, as it “outperformed almost all competitors” and the demand for luxury fashion goods edged up.
-
NewsFarfetch boss steps down amid Coupang takeover
Farfetch boss José Neves is set to step down from his role as chief executive at the luxury fashion retailer, according to reports.
-
NewsWatches of Switzerland welcomes VAT-free shopping review as sales slip
Upscale retailer Watches of Switzerland said it is “encouraged” by a review of VAT-free shopping as sales remain under pressure in tough trading conditions.
-
NewsAmazon Fashion teams up with UK luxury resale platform
Amazon’s European fashion arm is collaborating with luxury resale platform Hardly Ever Worn It to offer a range of pre-owned items from luxury brands.
-
NewsTreasury to review VAT-free shopping ‘tourist tax’ ahead of Budget
The Treasury is reviewing the so-called ‘tourist tax’ on VAT-free shopping ahead of the spring Budget and could ditch the policy in a boost for retail.
-
AnalysisLast Christmas: What can the festive period tell us about the retail year to come?
With another golden quarter over, Retail Week unpicks the key trends surrounding Christmas 2023 and looks at what they might mean for the year ahead
-
NewsLVMH profits and sales grow in ‘another historic year’ for Sephora
Luxury goods conglomerate LVMH reported a surge in sales and profits as beauty giant Sephora delivered an “exceptional performance” for the full year 2023.
-
NewsFarfetch investors worried over ‘value destruction’ from Coupang takeover
A group of investors behind Farfetch are concerned over the “value destruction” as a result of Coupang’s acquisition of the global ecommerce giant and have appointed advisers to evaluate their options.
-
NewsWatches of Switzerland issues profit warning
Watches of Switzerland has issued a profit warning as shares plummeted by more than 25% this morning. In the run-up to Christmas, consumers opted to spend on fashion, beauty, travel and hospitality rather than luxury.