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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Jul- 2025 -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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14 July
Louis Vuitton confirms UK customer data stolen in cyber attack
Louis Vuitton has confirmed that data belonging to UK shoppers was stolen in a cyber attack on its systems earlier this month. The luxury fashion brand said an unauthorised third party accessed its UK operations on 2 July, taking names, purchase history and contact details of customers. However, the company…
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11 July
Mulberry raises £20m from shareholders amid £31.8m FY loss
British lifestyle brand Mulberry has unveiled a £20m fundraising in a bid to support its turnaround strategy, after reporting a £31.8m loss before tax in the year to 29 March due to revenues falling in a challenging luxury market. Group revenues dropped 21% to £120.4m in the period, with UK…
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3 July
Watches of Switzerland revenues surge to £1.6bn in FY25
Watches of Switzerland group has reported an 8% increase in revenues to £1.6bn for the 52 weeks ended 27 April 2025, as its US business surpassed $1bn (£780m) in annual revenue for the first time. US revenues rose 16%, driven by the acquisition of Roberto Coin Inc, while UK revenues…
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2 July
Oakley Capital acquires Smythson of Bond Street
Oakley Capital has officially acquired Smythson of Bond Street, Fornasetti and Fabbrica Pelleterie Milano (FPM) for an undisclosed amount through its investment vehicle Iconic BrandCo, expanding its portfolio of luxury heritage brands. The three brands join existing holdings Alessi, Globe-Trotter and Connolly in Iconic BrandCo, which was launched in 2020…
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Jun- 2025 -23 June
Mulberry eyes £20m fundraising as losses widen
Mulberry has announced plans to raise £20m in funding as part of a turnaround plan to return to profitability, as it anticipates its full-year losses will widen. The group said it expects to report a profit loss before tax of around £23m, ahead of the £22.6m loss reported last year,…
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