Italy
This coverage focuses on UK retailers’ activities and strategies relating to the Italian market, including store openings, partnerships, consumer trends, and market entry or expansion efforts. Reporting examines how businesses adapt operations to Italy’s retail landscape — providing insight for executives, managers, and professionals overseeing international growth and cross-border retail strategy.
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Dec- 2022 -12 DecemberHigh Street
Monsoon sales rise 43% in FY22
Monsoon saw its sales rise 43% to £258m and a strong gross margin performance of 5.3% that helped double the group’s EBITDA to £24.4m, a rise of 132%, for the financial year ended 31 August 2022. The fashion retailer’s results come as its like-for-like sales grew 105%, thanks in part…
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9 DecemberClothing & Shoes
Primark to open 10 stores before Christmas
Primark’s parent company Associated British Foods (ABF) has announced that it is set to open 10 new stores before Christmas. As part of its trading update ahead of its AGM, ABF stated that Primark’s trading had been “encouraging” with the retailer set to open 27 new stores in the current…
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Oct- 2022 -17 OctoberClothing & Shoes
JD Sports increases stake in Deporvillage to 98%
JD Sports has announced the acquisition of an additional 18% holdings in the shares in sports equipment retailer, Deporvillage SL, for €19.8m (£17.1m). The sale was conducted by Iberian Sports Retail Group, JD’s Spanish holding company, from Xavier Pladellorens and Àngel Corcuera (co-founders). Following the transaction, ISRG now owns…
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Aug- 2022 -31 AugustSupermarkets
Brunello Cucinelli reports net profit of €50m
Casa di Moda Brunello Cucinelli has reported net profit of €50.6m (£43.4m) for the first half of 2022 ending June 30, up +131.4% compared with €21.9m (£18.8m) in H1 2021. It also revealed net sales of €415m (£356m), up +32.4% at current exchange rates compared with 2021. It comes as…
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19 AugustM&A
Central Group and Signa Holdings complete Selfridges acquisition
Central Group and Signa Holding have completed the acquisition of Selfridges Group from the Weston Family in a deal that is thought to be worth around £4bn. Following the news of the acquisition in December 2021, Selfridges Group portfolio, which comprises 18 stores under four banners in three countries, namely…
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Jul- 2022 -14 JulyHigh Street
Brunello Cucinelli H1 revenues jump 32% to £351m
Casa di Moda Bruno Cucinelli has revealed net revenues of €415.2m (£351m) for the first half of 2022 ending June 30, up +32.3% at current exchange rates (+28.3% at constant exchange rates) compared to H1 2021. The fashion house reported significant growth in all areas: Americas +52.7%, Asia +27.2%, Europe…
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Apr- 2022 -22 AprilNews
EG to deliver 32,000 jobs globally amid foodservice expansion
EG Group has announced plans to create more than 32,000 jobs globally over a five-year period. According to the group it will be driven by a “sustained investment” in its foodservice business. To supplement this expansion strategy, EG has added to the pay and benefits colleagues receive and this month…
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19 AprilClothing & Shoes
Brunello Cucinelli sees revenues rise 16.7% in Q1
Brunello Cucinelli has announced its net revenues have risen 16.7% at constant exchange rates to €196.9m (£163.1m) in Q1 2022 compared to the first quarter of 2021. Compared to Q1 2019, the year preceding the start of the pandemic, growth is +22.8%, with the fashion retailer outlining “significant” double-digit increases…
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Mar- 2022 -22 MarchLuxury Goods
Kering appoints CEO of Alexander McQueen
Kering has announced the appointment of Gianfilippo Testa as the new chief executive officer (CEO) of Alexander McQueen, effective May 2022. In his new role, Testa will report to François-Henri Pinault, the chairman of Kering, and his goal is to accelerate the expansion of the British luxury house to “tap…
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Jan- 2022 -25 JanuaryHigh Street
Gorillas enters discussion for international expansion
Gorillas, the on-demand delivery company, has entered into an exclusive discussion to acquire the French delivery firm Frichti, to allow for “immediate” access to curated, fresh and local products. Founded in 2015, Frichti has become a “national leader” in instant food and grocery delivery in France. It delivers fresh groceries,…
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