All Luxury articles – Page 9
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NewsMulberry sales decline as UK VAT hits luxury sector
Luxury fashion retailer Mulberry has posted a fall in sales which the group said was impacted by a “challenging macroeconomic backdrop” and a decline in luxury consumer spending.
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NewsBurberry drops profit expectations as demand for luxury slows
Burberry has dropped its full-year profit guidance after it reported that sales in the run-up to Christmas were hit by waning demand for luxury.
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AnalysisWhat will 2024 bring? Retail bosses predict the year ahead
As 2024 begins, what do retailers think will top the agenda for the year ahead? We asked leaders of some of the UK’s biggest retail businesses to get out their crystal balls and make some predictions
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NewsFrasers Group snaps up Matches in £52m deal
Frasers Group has snapped up luxury fashion retailer Matches in a £52m deal as it looks to strengthen its luxury offering and elevate its portfolio.
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InterviewQ&A: eBay director of luxury on ‘diminishing the stigma’ of buying pre-loved
As pre-loved luxury becomes growingly more popular, eBay director of luxury Keith Metcalfe sat down with Retail Week ahead of Christmas to discuss the diminishing stigma of gifting secondhand, the importance of authenticity guarantee and why pre-loved and luxury go hand in hand
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NewsCoupang completes $500m rescue deal for Farfetch
Global ecommerce retailer Coupang has acquired Farfetch, injecting $500m (£394.8m) in emergency funding into the embattled luxury fashion retailer.
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NewsFarfetch in talks with white knight investor to go private
Farfetch is attempting to finalise a rescue deal with a private equity-backed buyer that would see its shareholders get wiped out.
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NewsMike Ashley eyes deal to bring Matches into Frasers Group
Retail tycoon Mike Ashley is in negotiations about a deal that would see Frasers Group take control of Matches.
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GalleryBang & Olufsen opens global flagship on New Bond Street
Luxury electricals brand Bang & Olufsen has opened a global flagship on New Bond Street, showcasing its range of speakers and televisions.
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NewsLondon Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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InterviewQ&A: Frasers CFO Chris Wootton on luxury demand and future acquisitions
As Frasers reports an increase in sales and profit across its portfolio, driven by the group’s elevation strategy, Retail Week speaks to chief financial officer Chris Wootton about what’s next for the retail powerhouse
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NewsWatches of Switzerland flat sales offset by ‘strong momentum in US’
Watches of Switzerland has posted flat group sales that were strengthened by its trading performance in the US.
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NewsMatches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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NewsJohn Lewis opens pre-loved luxury fashion pop-up
John Lewis has opened its first pre-loved luxury fashion pop-up with luxury reseller Sign of the Times.
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NewsMulberry losses deepen despite booming international sales
Luxury fashion and accessories retailer Mulberry has reported deepening losses despite booming revenue internationally as it continues to invest in its “long-term future”.
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GalleryFirst look at Flannels’ ‘revolutionary’ new flagship
Flannels has opened a new luxury flagship store in the Metrocentre shopping centre in Gateshead, Tyne and Wear, which promises to be “the UK’s leading destination for new luxury”.
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NewsBurberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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GalleryStore gallery: Marc Jacobs unwraps first ever UK pop-up
Luxury fashion retailer Marc Jacobs has opened the doors to its first ever UK pop-up store in London’s Covent Garden, in the form of an “entirely mirrored box”.
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NewsVinted launches verification service for designer items
Online marketplace for secondhand fashion Vinted is launching its item verification service in the UK for designer items.
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NewsWatches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.