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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Apr- 2018 -23 April
Alibaba and Valentino create 3D virtual store
Alibaba has partnered with Valentino to create an virtual 3D store that can be browsed by visitors to Alibaba’s Tmall Luxury Pavillion. The store will be mirrored in real life by a pop-up in Beijing’s fashionable Sanlitun district, as the two brands look to integrate the online and offline shopping…
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16 April
Dr Gerry Murphy joins Burberry board as chairman designate
Dr Gerry Murphy is set to take over as chairman designate at Burberry after Sir John Peace stepped down after 16 years in the role. Murphy said: “I am honoured to take up this role and to succeed Sir John as chairman. Burberry is a unique British brand that I…
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10 April
Counterfeiting hits nearly half of brands
Almost half (47%) of brands lose sales revenue to counterfeit or pirated goods, new research from brand protection firm MarkMonitor has revealed. In the study conducted by market research firm Virtuous World, one in three respondents also reported a loss of more than 10%. Respondents from the UK, US, Denmark,…
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Mar- 2018 -26 March
Gucci owner Kering faces tax investigations
Swiss prosecutors have opened an investigation into luxury fashion giant Kerring over alleged tax evasion after a request for assistance from Italian authorities. According to reports, an Italian inquiry which began in November 2017 looked into whether profits Kerring made on Gucci sales in Italy had actually been declared in…
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12 March
Farfetch poised to make £4bn IPO after hiring US banks
Online luxury retailer Farfetch has hired bankers from JP Morgan and Goldman Sachs as it readies itself to make an initial public offering (IPO). Farfetch, launched in 2008, enables nearly 900 boutiques and luxury brands to sell their designer products to around two million from 190 countries. According to reports,…
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1 March
Burberry appoints Riccardo Tisci as chief creative officer
Burberry has announced that Riccardo Tisci has been appointed chief creative officer, replacing longtime creative chief Christopher Bailey effective 12 March 2018. Tisci, who is a graduate of Central Saint Martins in London, will direct all of the fashion retailers collections and will present his first for the brand in…
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Feb- 2018 -15 February
Burberry announces partnership with Farfetch
Fashion brand Burberry has announced a partnership with online retailer Farfetch which will see its entire global inventory made available for purchase online for the first time. The integration will expand Burberry’s distribution globally, giving the brand access to over 150 countries. Daniel Heaf, SVP digital commerce and marketing at…
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13 February
Breitling removes ‘sexist’ ads after backlash
Watchmaker Breitling has removed ads featuring women wearing ‘skimpy outfits’ after receiving complaints from customers. Some of the adverts portrayed “subservient women” acting as ground support for male pilots flying airplanes. The group also came under fire from customers for putting on a display a female mannequin sitting on a…
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Jan- 2018 -26 January
London and New York named key locations for luxury watch brand expansion
London and New York could provide key opportunities for luxury watch brands seeking expansion in 2018. Real estate advisor Savills reported new luxury watch store openings fell globally in 2017, with 37 compared to 44 in 2016. The year also saw openings move away from the traditional Asia Pacific markets…
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22 January
Richemont in £2.4bn bid for Yoox Net-A-Porter
Swiss luxury retailer Richemont has made a bid to acquire online retailer Yoox Net-A-Porter Group (YNAP) for £2.4bn. The company, which owns high-end brands such as Cartier, Montblanc and Dunhill London, already has a stake in the YNAP Group but has made a public tender offer to buy the remaining…
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