All Luxury articles – Page 9
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NewsLuxury retail group Kering warns on profits as sales slide
Gucci owner Kering has warned on profits during the first half of the year as sales slipped at the luxury fashion house during its first quarter.
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NewsTikTok Shop UK launches preowned luxury category
TikTok Shop UK has launched a preowned luxury fashion category where shoppers can browse through big brands added to the platform.
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NewsUnilever Prestige’s Vasiliki Petrou named World Retail Congress Woman of the Year
Vasiliki Petrou, executive vice-president and chief executive of Unilever’s premium division Unilever Prestige, has been named Woman of the Year at the 2024 World Retail Congress in Paris.
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NewsLVMH revenue slips in ‘uncertain’ global market
Luxury retail group LVMH has posted a slight decline in overall reported revenue growth as it continues to trade in an “uncertain” geopolitical and economic environment.
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NewsHarvey Nichols poaches new chief executive from Alexander McQueen
Harvey Nichols has poached former Alexander McQueen regional president Julia Goddard to be its new chief executive officer.
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NewsGucci poaches Louis Vuitton exec for deputy CEO role
Gucci owner Kering has named Louis Vuitton communications and events executive Stefano Cantino as its new deputy CEO.
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NewsExclusive: Retail spend to take £2.4bn hit in 2024
Retail spending is expected to take a £2.4bn hit this year as consumers are impacted by “lower levels of affluence” amid the cost-of-living crisis, according to the latest research by Retail Economics and beBettor.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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”.
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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.
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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.
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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.