Prada
This coverage explores Prada’s strategy, operations, and market presence within the UK luxury retail sector. Reporting highlights store developments, product launches, marketing campaigns, collaborations, and leadership decisions shaping the brand’s positioning. Designed for retail executives, brand managers, and professionals in premium and luxury markets, the content provides insights into how Prada competes and adapts in a dynamic retail environment.
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Jun- 2024 -14 JuneNews
Today’s news in brief-14/6/24
The British Retail Consortium (BRC) has expressed support for the Labour Party’s manifesto, which aims to bring significant changes to benefit retailers and their customers. The BRC particularly appreciates Labour’s recognition of the flawed business rates system that stifles investment and results in numerous vacant retail properties. However, retailers are…
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14 JuneClothing & Shoes
Wolford appoints new chief executive
Wolford has announced that Regis Rimbert has been appointed as the group’s new chief executive, succeeding Silvia Azzali. Rimbert has more than 20 years of leadership experience across the fashion and luxury sectors, spearheading transformative initiatives in retail, online, and international operations. Wolford said that with “pivotal roles at renowned…
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Apr- 2024 -30 AprilNews
Today’s news in brief-30/4/24
Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the latest data from the BRC-Nielsen Index. This decline suggests a trend towards normalising inflation levels after reaching a peak last year. The drop was particularly notable in non-food items, which…
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30 AprilClothing & Shoes
Frasers buys back Matches IP from administration
Frasers has announced that it has reached an agreement with the administrators of Matches Fashion to acquire certain intellectual property for an undisclosed sum. Under the terms of the transaction Frasers Group has granted a licence to the administrators that allows them to sell stock owned by Matches. All the…
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25 AprilNews
Today’s news in brief-25/4/24
Getir is set to exit the UK and Europe as investors inject additional funds into the company, according to Sky News. The funding, expected to be in the tens of millions of pounds, will support the closure of operations in the UK, Germany, and the Netherlands. The move follows restructuring…
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25 AprilNews
Matchesfashion creditors owed £36m following collapse
Burberry, Gucci and Prada are among the creditors owed £36m following the collapse of Matchesfashion last month, the FT has revealed. The luxury brands are among more than 500 creditors to Matches, which was bought by Mike Ashley’s Fraser Group in December. Administrators at Teneo revealed that the creditors are…
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17 AprilNews
Gucci appoints new deputy CEO
Gucci has announced the appointment of Stefano Cantino as the brand’s new deputy chief executive officer, reporting to Jean-François Palus, president and CEO, from 2 May. In this newly created position, Cantino will share with Palus the responsibility to define and implement the brand strategy. He joins Gucci after spending…
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11 AprilNews
Today’s news in brief-11/4/24
Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…
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11 AprilHigh Street
Vision Express unveils £4m flagship store on Oxford Street
London-based high street optician Vision Express has unveiled a £4m new flagship store on Oxford Street. The store has been completely transformed after months of renovations and is now open to customers. The new design boasts a “smart”, “contemporary”, and “warm” environment across three floors. For those looking to check…
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Feb- 2024 -12 FebruaryHealth & Beauty
Superdrug to open new store in West Midlands
Superdrug has opened a new store in West Bromwich, in the West Midlands, which offers a pharmacy, beauty services, luxury fragrances and exclusive brands. The new 8,000 sq ft store is located in New Square Shopping Centre and has created 35 new jobs. Superdrug West Bromwich offers a range of…
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