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.
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Mar- 2025 -26 MarchClothing & Shoes
Uniqlo’s popularity with Gen-Z boosts FY profits by 57% to โฌ221.7m
Uniqloโs European operations has seen its profits jump by 57.5% to โฌ221.7m (ยฃ185.4m) in the year to 31 August 2024, thanks to the retailerโs popularity with Gen-Z shoppers.ย Turnover at the Japanese clothing retailer has continued to increase year-on-year by 30%, meaning that its gross profit margin has been maintained…
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Feb- 2025 -27 FebruarySupermarkets
EG Group profits surge 9% in FY24
EG Group has reported a 9% increase in EBITDA to $992m (ยฃ782.5m) in FY24 driven by significant contributions from its US and European divisions. Grocery and merchandise gross profit rose by 7% to $1.26bn (ยฃ994.1m), driven by a gross margin increase of 193bps to 31.1%. Meanwhile, foodservice gross profit was…
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Nov- 2024 -27 NovemberSport & Leisure
JD Sports acquires Courir in โฌ520m deal
JD Sports has completed its acquisition of French sneaker retailer Group Courir for โฌ520m (ยฃ433m), which will be paid through a combination of existing cash and a drawdown on the groupโs revolving credit facility. The acquisition, which was first announced on 9 May 2023, follows receipt of conditional clearance from…
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Sep- 2024 -27 SeptemberNews
Amazon UK pays corporation tax for first time since 2020
Amazonโs 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.ย The groupโs UK services paid ยฃ18.7m in โcurrent taxโ last year on sales of ยฃ27bn. This marks a shift from the ยฃ7.8m tax credit…
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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 Martensโ owner Permiraโs buyout fund. Permira had acquired the bootwear company from R Riggs Group Limited in January 2014 for ยฃ300m. As a…
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Dec- 2023 -15 DecemberNews
Today’s news in brief-15/12/23
Amazon has emerged victorious in a ยฃ215m 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…
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15 DecemberOnline & Digital
Amazon wins ยฃ215m EU tax battle
Amazon has won its case against the EU Commission over a ยฃ215m 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…
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Nov- 2023 -1 NovemberSupermarkets
Asda acquires EG Groupโs UK business for ยฃ2bn
Asda has completed its acquisition of EG Groupโs UK business in a deal valued at ยฃ2bn.ย The move has seen the supermarket acquire EG Groupโs 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…
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Jul- 2022 -20 JulyOnline & Digital
Amazon UK pays ยฃ648m in tax as revenues surpass ยฃ23bn
Amazon UK has revealed it paid ยฃ648m in directly incurred taxes last year as its revenues surpassed ยฃ23bn. 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…
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5 JulyPeople Moves
The Very Group appoints CEO
The Very Group has appointed Lionel Desclรฉe, 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. Desclรฉe has global experience across digital and…
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