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.
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Dec- 2021 -7 December
Harrods launches new partnership with Klarna
Luxury retailer Harrods has announced a new partnership with Klarna, a global retail bank, in a bid to offer customers more “flexible” and “convenient” payment options. Harrods UK will allow shoppers to use Klarna’s Pay in three payment options for beauty purchases in Harrods Beauty Hall, as well as across…
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Nov- 2021 -11 November
Burberry recovers as revenues return to pre-covid levels
Burberry has reported operating profits of £196m, an increase of nearly four times the figure of the same time last year for the 26 week period ending 25 September. The luxury retailer said it is “comfortable” with current year market expectations after seeing its revenues for the first half of…
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8 November
Burberry builds on climate commitment with new biodiversity strategy
Burberry has announced its biodiversity strategy to support global conservation efforts, adding it will “take action to protect, restore and regenerate nature, helping to slow further global warming”. It revealed its biodiversity strategy encompasses three focus areas: protecting and restoring nature within Burberry’s own value chain; expanding support for farming…
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Oct- 2021 -20 October
Burberry appoints new CEO
Burberry has announced the appointment of Jonathan Akeroyd as its newest CEO and executive director, effective 1 April 2022. He will succeed Marco Gobbetti who will step down from the role and leave the company on 31 December 2021. Akeroyd is currently the CEO of Milan-based Gianni Versace SpA, a…
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19 October
Welsh brand Au Vodka tops list of UK’s fastest growing online companies
A world-leading Retail Operating System has curated a list of the 50 fastest growing e-commerce brands of the ‘pandemic era’, with Swansea-based luxury alcohol brand, Au Vodka, coming out on top. The list, titled the Lightning 50, tracked growth across brands to rank the UK’s 50 fastest growing e-commerce companies…
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19 October
Au Vodka reveals gold standard for success after being crowned Winner in Brightpearl’s Lightning 50
Key facts Lightning 50 Overall Winner, plus Regional Winner in Wales and Winner in the Luxury Sector 10,000% YoY growth £5 million expected revenue in 2021 “We’re thrilled to have won not one but three titles in the Lightning 50” – Jordan Major, Head of e-Commerce, Au Vodka Endorsed by…
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13 October
LVMH sees revenues up 46% to €44bn
Luxury fashion house LVMH has reported a 46% increase in group revenues for the first nine months of the year to €44bn (£37.4bn). LVMH also revealed that organic revenue growth over the period was 40% compared to 2020 and was 11% higher when compared with 2019. The group said the…
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Sep- 2021 -27 September
Burberry appoints new chief digital and analytics officer
Burberry has announced the appointment of CP Duggal as its newest chief digital and analytics officer, effective 30 September 2021. In this newly created position, he will be responsible for driving Burberry’s digital agenda and leveraging data and analytics to support the company’s strategic ambitions. He will also join the…
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20 September
LVMH names Nigo artistic director at Kenzo
Moët Hennessy Louis Vuitton (LVMH) has named Japanese fashion designer and DJ Nigo as the new artistic director of Maison Kenzo. Effective today (20 September), Nigo joins the French luxury fashion house founded by Takada Kenzo, who graduated from the same fashion school in Tokyo. Having launched A Bathing Ape…
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Aug- 2021 -26 August
Watches of Switzerland secures new CFO
Watches of Switzerland has announced the appointment of William Floydd as its newest CFO. He will succeed Anders Romberg who recently informed the board of his intention to retire after seven years in the role. Floydd will join the company from The Rank Group where he has held the role…
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