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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May- 2025 -15 May
Watches of Switzerland FY revenues hit £1.65bn
Watches of Switzerland has reported an 8% increase in its group revenues to £1.65bn for the 52 weeks to 27…
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14 May
Burberry to axe 1,700 roles amid full-year losses
Burberry has warned it could cut up to 1,700 roles globally as part of a new cost-cutting drive, after the…
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8 May
Pandora lowers profit guidance amid tariff fears
Pandora has revealed that it has lowered its EBIT margin guidance for the full year to “around 24%”, down from…
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7 May
Hugo Boss holds guidance despite 2% fall in Q1 sales to €999m
Hugo Boss is maintaining its sales outlook for the year, despite having reported that sales fell by 2% to €999m…
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1 May
Frasers Group eyes Matches relaunch as exclusive members’ club
Frasers Group is reportedly looking to relaunch Matches Fashion as an exclusive members’ club, according to The Times. Having brought…
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Apr- 2025 -30 April
Burberry kickstarts search for new chair
Burberry has kicked off the official search for a new chairman to replace Gerry Murphy, Sky News has revealed. According…
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25 April
Kering revenues plummet to €3.9bn amid Gucci sales decline
Luxury retail group Kering has reported a 14% drop in revenues to €3.9bn (£3.31bn) in Q1 2025 as its flagship…
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14 April
Watches of Switzerland set to close 16 showrooms
Luxury watch retailer Watches of Switzerland is reportedly set to close 16 showrooms across the UK, putting 40 jobs at…
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14 April
Mytheresa to finalise acquisition of Yoox Net-A-Porter
Mytheresa has received clearance from the European Commission for its acquisition of Yoox Net-A-Porter from Richemont, with plans to close…
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9 April
Michael Kors UK FY revenues fall 20% amid lower demand
Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March 2024, following the…
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