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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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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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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