Michael Kors
This coverage focuses on Michael Kors’ retail activities in the UK, highlighting recent developments and strategic initiatives. In 2025, the brand opened a temporary store at 9 Old Bond Street, maintaining its presence in London’s luxury shopping district while its flagship store at 187–191 Regent Street undergoes renovation, with completion expected in summer 2025. Additionally, Michael Kors expanded its store in Edinburgh’s Multrees Walk, enhancing its luxury offering in the city. Insights are tailored for retail professionals, brand managers, and business executives seeking to understand Michael Kors’ impact and trajectory in the UK retail sector.
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May- 2025 -30 MayClothing & Shoes
Capri Holdings revenues fall by 15% to $1bn in Q4
Versace owner Capri Holdings saw its revenues fall by 15.4% to $1bn (£742m) in the fourth quarter ended 29 March. It comes as net losses widened to $645m (£478m), up from a net loss of $472m (£350m) the prior year. Gross profit also fell to $631m (£468m) and gross margin…
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Apr- 2025 -9 April
Today’s news in brief-9/4/25
Boots UK reported a 1.6% sales increase in Q2, with comparable retail sales up 5.1% year-on-year across all categories. Pharmacy sales rose 5%, while online sales surged 19.5%, now accounting for over 20% of total retail sales. Parent company Walgreens Boots Alliance saw global Q2 sales grow 4.1% to $38.6bn…
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9 AprilLuxury Goods
Michael Kors UK FY revenues fall 20% amid lower demand
Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March 2024, following the impact of low consumer confidence. While the brand’s filings at Companies House showed that its turnover decreased from £77.1m to £70.8m in the 12-month period, its pre-tax profits jumped from…
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Mar- 2025 -24 MarchFeatures
What does the future hold for Versace?
Versace, the Italian luxury brand known for its bold, glamorous aesthetic, has long been synonymous with excess, opulence, and cutting-edge fashion. Founded by Gianni Versace in 1978, the brand quickly rose to prominence in the fashion world, attracting an elite clientele and global recognition. Over the years, the house has…
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4 MarchNews-In-Brief
Today’s news in brief-4/3/25
The Competition and Markets Authority (CMA) is close to approving Topps Tiles’ £9m acquisition of CTD Tiles after both companies offered to divest stores in Aberdeen, Inverness, Edinburgh, and Dorking to address competition concerns. The CMA had initially warned that the merger could reduce market competition, prompting an in-depth investigation.…
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4 MarchLuxury Goods
Prada nears €1.5bn Versace takeover deal
Prada is reportedly edging closer to acquiring Versace for €1.5bn (£1.2bn), the FT has reported. According to sources briefed on the discussions, after months of talking between Prada and Capri, which owns brands including Michael Kors and Jimmy Choo, an agreement could come “within weeks”. The talks have been prolonged…
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Feb- 2025 -17 FebruaryNews-In-Brief
Today’s news in brief-17/2/25
Marks & Spencer has reinforced its international operations with three senior hires to drive its global growth strategy. Manish Kapoor, formerly of Pepe Jeans, joins as Managing Director for M&S India, while Victoria Jones, ex-Clarks executive, steps into the role of International Commercial Director. Richard Davies, previously Head of Category…
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17 FebruaryPeople Moves
Capri Holdings appoints new chief brand and product officer
Global fashion luxury group Capri Holdings has announced the promotion of Philippa Newman to chief brand and product officer, effective immediately. In this expanded role, Newman will oversee all product and marketing functions. She will continue reporting directly to John D. Idol, chairman and CEO of Capri Holdings and Michael…
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Jul- 2024 -15 JulyNews
Today’s news in brief-15/7/24
Luxury fashion brand Burberry has ousted CEO Jonathan Akeroyd following a sharp decline in sales during its first quarter. Sales plummeted by 21%, amounting to £458m, with the Americas and Asia Pacific regions experiencing a 23% drop, and Europe, the Middle East, India, and Africa (EMEIA) reporting a 16% fall.…
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Jun- 2024 -18 JuneNews
Today’s news in brief-18/6/24
Supermarket sales in the UK saw a modest increase of just 1.0% for the four weeks to June 9, 2024, marking the slowest growth since June 2022. This sluggish performance is attributed to poor weather and falling inflation, with average shopper visits dropping slightly from 16.4 to 16.3 times compared…
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