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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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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28 July
LVMH in talks to sell Marc Jacobs for around $1bn
LVMH Moët Hennessy Louis Vuitton is reportedly in talks to sell fashion label Marc Jacobs, in a deal that could be worth around $1bn (£744.7m), according to the Wall Street Journal. The outlet said the French luxury group has held discussions with several interested parties, including Reebok’s owner Authentic, Bluestar…
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25 July
LVMH H1 revenues dip 4% to €39.8bn amid softened luxury demand
LVMH has reported a 4% fall in revenues to €39.8bn (£34.7bn) for the first half of 2025, which the luxury fashion group attributed to geopolitical and economic disruption. Profits from recurring operations dropped 15% to €9bn (£7.8bn), representing an operating margin of 22.6%, while net profit attributable to the group…
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24 July
Byredo debuts first standalone store outside London in Leeds
Luxury brand Byredo has opened its first standalone store outside London at Victoria Leeds, marking the latest high-end retail addition to the city centre shopping destination. The new 2,154 sq ft unit is located in Victoria Quarter and serves as Byredo’s northern flagship. It features two distinct areas: a main…
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21 July
Burberry CEO calls for VAT-free shopping return
Burberry CEO Joshua Schulman has called on the government to reinstate VAT-free shopping for international visitors claiming it will help Britain become Europe’s top shopping destination once again. Schulman told The Times that international consumers were “still not shopping in the UK to the extent that we would like” as…
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18 July
Burberry sales decline slows as turnaround plan takes effect
Burberry has revealed that its revenue fell 6% to £433m in the 13 weeks ended 28 June, as the brand stated it was seeing “early progress” on its turnaround plan. Alongside this, the company saw its comparable store sales fall 1% compared with a 21% decline last year. The slowing…
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