Luxury Goods
The latest news, updates and analysis on the luxury goods segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Oct- 2025 -2 October
Reeves set to scale back business rates plans for large retailers
Chancellor Rachel Reeves is reportedly planning to scale back plans to raise business rates on big retailers after warnings it could push up food prices, according to the Financial Times. The news comes after the Treasury had planned to put properties worth more than £500,000 into the highest tax band…
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Sep- 2025 -29 September
Mytheresa FY sales jump 8.9% to €916m
LuxExperience has reported that its Mytheresa unit saw net sales rise 11.5% year-on-year to €248.9m (£217m) in the fourth quarter to 30 June, while full-year sales rose 8.9% to €916.1m (£799m). The group’s EBITDA also increased 73% over the year to €44.6m (£38.9m). The company said profitability improved as gross…
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5 September
LuxExperience to cut 700 jobs in YNAP overhaul
LuxExperience has announced plans to cut around 700 jobs across multiple countries as part of a wider restructuring of the Yoox Net-a-Porter (YNAP) business, which it acquired earlier this year in April. The luxury e-commerce group said it expects the measures – which include streamlining operations and consolidating administrative functions…
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3 September
Watches of Switzerland on track to meet guidance despite tariff woes
Watches of Switzerland (WOS) has revealed it is on track to deliver a “good” H1 FY26 in line with its expectations despite the impact of Donald Trump’s tariffs. The company stated that it saw consistently strong trading throughout the period, particularly in the US despite the announcement of increased tariffs…
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1 September
Brunello Cucinelli profits up 16% amid ‘very positive’ H1
Brunello Cucinelli has reported a “very positive” first half of 2025, with net profit soaring 16% to €76.7m (£66.4m) while revenues also climbed. Over the period, revenues rose by 10.2% to €684.1m (£592.5m), while EBIT hit €113.8m (£98.6m), up by 8.8% against the prior year. In its latest update, the…
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Aug- 2025 -15 August
Pandora reports 8% organic growth in Q2 despite macroeconomic headwinds
Pandora has reported 8% organic growth in the second quarter of 2025, with revenues rising to DKK 7.05bn (£800m) despite foreign exchange, tariff and commodity price pressures. Like-for-like (LFL) sales were also up 3%, while network expansion contributed 5% to growth. LFL sales rose 8% in the US and 6%…
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15 August
Tapestry Q4 revenues rise 8% to $1.72bn
Tapestry, the luxury group behind Coach, has reported stronger-than-expected results for its fourth quarter, as revenues rose 8% to $1.72bn (£1.27bn) in the three months to 28 June. According to the group, its growth was led by Coach’s 13% constant currency sales increase in Greater China and double-digit revenue gains…
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8 August
Ralph Lauren raises FY guidance as Q1 sales jump 14% to $1.7bn
Ralph Lauren has raised its full-year outlook after first-quarter revenues rose 14% year-on-year to $1.7bn (£1.3bn) in the period ended 29 June. The luxury fashion group attributed its performance to strong global demand and margin gains. Sales rose 11% in constant currency, with double-digit growth in Asia and Europe and…
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Jul- 2025 -31 July
Virgin Wines beats market expectations despite FY profit fall
Virgin Wines has reported that pre-tax profits fell to £1.6m in the year ended 30 June 2025, down from £1.9m in the previous year. Despite the decline, this was ahead of market expectations by 23.1%. Meanwhile, EBITDA fell to £2.3m, down from £2.8m the prior year, which the group attributed…
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30 July
Kering HY revenues fall 15% as Gucci struggles continue
Kering has seen its revenues fall 15% on a comparable basis to €7.59bn (£6.56bn) for the half year ended 30 June 2025. It comes as the struggles at its luxury brand Gucci continue, with revenues falling 25% to €3.03bn (£6.26bn) during the same comparable period. The brand also saw its…
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