Luxury Goods
Luxury Goods explores the strategies, performance, and market trends defining the UK’s premium and high-end retail sector. This section covers brand innovation, consumer behaviour, store design, digital engagement, and sustainability within the luxury market. Retail Sector’s Luxury Goods coverage delivers insight for executives, brand managers, and suppliers seeking to understand how evolving tastes, global influences, and economic conditions shape growth and competitiveness across the luxury retail landscape.
-
Apr- 2023 -21 April
Selfridges launches ‘Worn Again’ season
Selfridges has officially launched ‘Worn Again’, a season dedicated to secondhand shopping, swapping, repairing, upcycling and trading with the ‘Reselfridges’ products and services on 20 April. Instead of the retailer’s typical offerings, Worn Again’s creative scheme aims to explore different ways to keep products in circulation for longer by dialling…
Read More » -
20 April
Mulberry revenues in line with expectations for FY23
Mulberry has revealed that for the financial year ended 1 April trading was in line with the group’s expectations, with revenues being “slightly” ahead of last year and profitability being weighted to the second half. This comes as the group has seen an improvement in retail revenue over the second…
Read More » -
19 April
Brunello Cucinelli revenues jump 34.7% in Q1
Brunello Cucinelli has revealed that for the first quarter of 2023, net revenues jumped by 34.7% to €265.3m (£233.5m) compared with the same period last year. The news comes as the luxury fashion house has experienced growth in all geographical areas, with the Americas growing by 42.9%, Europe by 15.8%,…
Read More » -
6 April
Cerruti 1881 and Kent and Curwen acquired for £83m
Biem.L.Fdlkk Garment, a Chinese golf clothing brand, has acquired French fashion label Cerruti 1881 and British menswear brand Kent and Curwen for a total of €95m (£83m), according to WWD coverage. It is reported that the Chinese manufacturer paid the equivalent of £50m for the trademark rights of Cerruti 1881…
Read More » -
Mar- 2023 -10 March
Prada reports profits rise 21% to €4.2bn for FY22
Prada Group has reported that its 2022 revenues increased to €4.2bn (£3.7bn), marking a 21.3% rise over 2021, according to its financial for the period ending 31 December 2022. It said that retail sales, which increased 23.8% to €3.7bn (£3.27bn), was the primary driver, as well as organic expansion at…
Read More » -
Jan- 2023 -25 January
Michael Kors appoints new CEO
Michael Kors owner Capri Holdings has announced the appointment of Cedric Wilmotte as the CEO of Michael Kors effective 3 April 2023. Wilmotte recently served as the interim CEO for Versace from January through September 2022 and is currently Versace’s COO. Prior to his time at Versace, Wilmotte led the…
Read More » -
Dec- 2022 -14 December
Watches of Switzerland sees H1 results surge 31% to £765m
Watches of Switzerland has revealed its revenues increased 31% to £765m during the first half of the year ended 30 October 2022. The company has seen a “continued strong demand” for luxury watches and jewellery and has attributed revenue growth to increased prices. UK revenues increased 8% to £454m, which…
Read More » -
8 December
Prada eyes new CEO amid leadership reshuffle
Italian luxury fashion house Prada is reportedly looking to recommend Andrea Guerra, the former CEO of Luxottica, as the new group CEO at the next board meeting on 26 January 2023. This was triggered by co-CEOs Miuccia Prada and Patrizio Bertelli’s decisions to step down from their roles. However, Miuccia…
Read More » -
Nov- 2022 -30 November
Mulberry reports £3.8m loss in H1
British sustainable luxury brand Mulberry reported a pre-tax loss of £3.8m in the first half of this year, down from a profit of £10.2m the year before, as UK sales saw a 10% decrease to £34.1m compared to £38m last year. The group’s results are thought to have been impacted…
Read More » -
22 November
Watches of Switzerland expands Canary Wharf showroom
Watches of Switzerland has unveiled its newly refurbished Canary Wharf showroom, having added the unit next door, more than doubling its size. The new showroom adds to the group’s portfolio within the shopping centre after the recent openings of both Omega and Breitling mono-brand boutiques. The refurbished showroom has a…
Read More »
