Luxembourg
This coverage examines retail market trends and developments in Luxembourg, offering insights for UK retail executives, managers, and brand professionals. Reporting includes store openings and closures, investment activity, consumer behaviour, and the strategies of key retailers operating in the region. The analysis helps professionals assess opportunities, challenges, and competitive dynamics relevant to engaging with the Luxembourg retail market.
-
Mar- 2025 -26 MarchClothing & Shoes
Uniqlo’s popularity with Gen-Z boosts FY profits by 57% to €221.7m
Uniqlo’s European operations has seen its profits jump by 57.5% to €221.7m (£185.4m) in the year to 31 August 2024, thanks to the retailer’s popularity with Gen-Z shoppers. Turnover at the Japanese clothing retailer has continued to increase year-on-year by 30%, meaning that its gross profit margin has been maintained…
Read More » -
Feb- 2025 -27 FebruarySupermarkets
EG Group profits surge 9% in FY24
EG Group has reported a 9% increase in EBITDA to $992m (£782.5m) in FY24 driven by significant contributions from its US and European divisions. Grocery and merchandise gross profit rose by 7% to $1.26bn (£994.1m), driven by a gross margin increase of 193bps to 31.1%. Meanwhile, foodservice gross profit was…
Read More » -
Nov- 2024 -27 NovemberSport & Leisure
JD Sports acquires Courir in €520m deal
JD Sports has completed its acquisition of French sneaker retailer Group Courir for €520m (£433m), which will be paid through a combination of existing cash and a drawdown on the group’s revolving credit facility. The acquisition, which was first announced on 9 May 2023, follows receipt of conditional clearance from…
Read More » -
Sep- 2024 -27 SeptemberNews
Amazon UK pays corporation tax for first time since 2020
Amazon’s main UK division has paid corporation tax for the first time since 2020 following the end of a ‘super-deduction’ tax break, The Guardian has reported. The group’s UK services paid £18.7m in “current tax” last year on sales of £27bn. This marks a shift from the £7.8m tax credit…
Read More » -
Jun- 2024 -13 JuneClothing & Shoes
Dr Martens secures new majority shareholder amid restructure
Dr Martens has revealed that Guernsey-based IngreGrsy Limited has acquired a 38.46% ownership stake in the British retailer. The announcement is part of a restructure within Dr Martens’ owner Permira’s buyout fund. Permira had acquired the bootwear company from R Riggs Group Limited in January 2014 for £300m. As a…
Read More » -
Dec- 2023 -15 DecemberNews
Today’s news in brief-15/12/23
Amazon has emerged victorious in a £215m tax dispute with the EU Commission. The European Court of Justice dismissed the Commission’s claims that Amazon had entered into a deal with Luxembourg allowing it to avoid 75% of its EU tax. The court ruled that the Commission failed to prove that…
Read More » -
15 DecemberOnline & Digital
Amazon wins £215m EU tax battle
Amazon has won its case against the EU Commission over a £215m tax battle in the European Court of Justice. The Commission had alleged that Amazon had struck a deal with Luxembourg enabling the company to avoid 75% of its EU tax. The ECJ dismissed the claims insisting it had…
Read More » -
Nov- 2023 -1 NovemberSupermarkets
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen the supermarket acquire EG Group’s UK&I fuel, foodservice, grocery and merchandise business. EG Group said it will continue to operate in the USA, Australia, Germany, France, Italy, the Netherlands, Luxembourg…
Read More » -
Jul- 2022 -20 JulyOnline & Digital
Amazon UK pays £648m in tax as revenues surpass £23bn
Amazon UK has revealed it paid £648m in directly incurred taxes last year as its revenues surpassed £23bn. As part of an update of its economic impact on the UK economy in 2021, Amazon also revealed that this figure has increased by almost a third in the past year from…
Read More » -
5 JulyPeople Moves
The Very Group appoints CEO
The Very Group has appointed Lionel Desclée, the former president and CEO of Walmart Japan, as group CEO, effective 19 September 2022. He succeeds Henry Birch who will step down on 24 September 2022 after four and a half years in the role. Desclée has global experience across digital and…
Read More »
- 1
- 2