Balenciaga
This coverage explores Balenciaga’s strategy and performance in the UK retail market, offering insights for executives, managers, and brand professionals. Reporting includes store openings and refurbishments, marketing campaigns, product launches, leadership changes, and the brand’s positioning within the luxury fashion and accessories sector. The analysis helps professionals understand Balenciaga’s growth plans, customer engagement, and competitive approach in the luxury retail landscape.
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Jul- 2024 -26 JulyOnline & Digital
Boohoo launches new marketplace Boohoo Brands
Boohoo has announced the launch of its new marketplace, Boohoo Brands, as it aims to become “a one-stop destination for all fashion, beauty, and lifestyle needs”. The brand has already onboarded 200 labels, including accessories from Alexander McQueen, Balenciaga, Gucci and Valentino, clothing from Off White and Urban Bliss, footwear…
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Apr- 2024 -24 AprilLuxury Goods
Kering revenues dip 11% to €4.5bn in Q1
Kering’s revenues were down 11% to €4.5bn (£3.8bn) for the first quarter of 2024 as Gucci, Yves Saint Laurent and Bottega Veneta failed to perform positively. The group’s revenue from the directly operated retail network fell 11% on a comparable basis, as a result of lower store traffic. During the…
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Dec- 2023 -18 DecemberNews
Today’s news in brief-18/12/23
Farfetch is reportedly in advanced talks with a private equity-backed buyer for a last-minute rescue deal. The deal, if successful, would involve taking Farfetch off the stock market in a take-private transaction and would result in the company receiving $500m (£394m) in emergency funding. Talks are ongoing, and while Farfetch…
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18 DecemberClothing & Shoes
Frasers Group in talks to acquire Matchesfashion
Frasers Group is reportedly in talks to acquire Matchesfashion, which sells fashion brands including Balenciaga, Gucci and Valentino, according to reports from Sky News. The company is said to be in detailed negotiations about a deal that could see it take control of the brand within days. City sources told…
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Jul- 2023 -31 JulyPeople Moves
Kering appoints Armelle Poulou as CFO
Kering has announced the appointment of Armelle Poulou as its new chief financial officer, effective September 1, 2023. Poulou joined the Group in 2019 and is currently director of Corporate Finance, Treasury and Insurance. She is a graduate of HEC Business School in 1993, and has successively held a range…
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19 JulyHigh Street
Small businesses to be offered rent-free stores on Oxford Street
Westminster City Council has partnered with New West End Company to launch a new programme called Meanwhile On: Oxford Street, which is encouraging applications from up-and-coming businesses that are looking to launch their first physical space. Meanwhile On: Oxford Street will offer “substantial” support by providing a six month tenancy…
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Apr- 2023 -27 AprilNews
Kering Q1 revenues hit €5bn amid ‘mixed’ results
Luxury goods company Kering has reported revenues of €5bn (£4.4bn) in its first quarter, up 2% on a reported basis and 1% on a comparable basis, though warned its overall performance remains “mixed”. Gucci sales in the directly operated store network grew 1% on a comparable basis relative to the…
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24 AprilLuxury Goods
Kering set to pay £13m rent for Bond Street store
Luxury retailer Kering is set to pay £13m or more per year for a new Yves Saint Lauren store on Bond Street, according to the Sunday Times. This figure of £13m is thought to be a UK record surpassing the £11m paid by Ralph Lauren for its Bond Street store…
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Feb- 2023 -27 FebruaryClothing & Shoes
Adidas and West to sell leftover Yeezy stock in new agreement
Adidas has reached a new agreement with Kanye West that will ensure that the footwear brand sells the remaining $500m (£417.4m) in Yeezy sneaker stock. According to the retailer, the new contract will focus solely on the sale of the existing inventory of West’s shoe line and will not include…
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Sep- 2022 -28 SeptemberPeople Moves
Burberry creative officer to step down
Burberry has announced that Riccardo Tisci will be stepping down as chief creative officer and is set to leave the company at the end of the month, with Daniel Lee assuming the position. Tisci has decided to leave after almost five years at the group, during which time he spearheaded…
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