Richemont
This coverage focuses on Richemont’s strategy, brand portfolio, and performance within the UK luxury retail market. Reporting highlights store activity, brand developments, marketing initiatives, sustainability efforts, and leadership decisions that shape its presence and influence. Tailored for retail executives, brand managers, and professionals in the luxury sector, the content provides insights into how Richemont navigates market dynamics and maintains its competitive edge.
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Aug- 2025 -7 AugustEconomy
Luxury loses momentum as midmarket braces for impact, Colliers finds
Luxury and midmarket retailers across EMEA are recalibrating strategies in response to a cooling post-pandemic retail environment, according to a report from Colliers. Colliers found that after years of price-led growth, luxury retail is showing signs of fatigue. Brands such as Kering and Chanel reported revenue declines in 2024, while…
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Jun- 2025 -30 JuneClothing & Shoes
Lacoste appoints Éric Vallat as CEO
Éric Vallat has been appointed chief executive of Lacoste, effective from 1 September, succeeding Thierry Guibert, who has led the fashion brand since 2015 A graduate of HEC Paris, Vallat has held senior roles across the fashion, luxury and spirits sectors. He previously led Bonpoint and J.M. Weston, was chief…
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4 JuneOnline & Digital
North Face and Cartier customer data stolen in cyber attacks
North Face and Cartier have become the latest retailers to see customer data breached in cyber attack incidents. VF Corporation, the owner of North Face, wrote to some customers to inform them of “unusual activity” discovered last month, which was investigated “immediately”. It told customers that the attacker could have…
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Apr- 2025 -14 AprilNews-In-Brief
Today’s news in brief-14/4/25
Currys CEO Alex Baldock has warned of a potential influx of Chinese products into UK and European markets, driven by Donald Trump’s tariffs on Chinese goods. Baldock and other retail executives, including Buy It Direct’s Nick Glynne, expressed concerns that Chinese manufacturers may redirect goods originally destined for the US…
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14 AprilLuxury Goods
Mytheresa to finalise acquisition of Yoox Net-A-Porter
Mytheresa has received clearance from the European Commission for its acquisition of Yoox Net-A-Porter from Richemont, with plans to close the transaction on Wednesday 23 April. It comes as the two groups signed binding agreements for the deal by Mytheresa of 100% of the share capital of YNAP from Richemont…
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Mar- 2025 -20 MarchNews-In-Brief
Today’s news in brief-20/3/25
The UK retail sector has faced significant challenges over the past five years, with a quarter of a million jobs lost, according to the Office for National Statistics (ONS). The latest data reveals a decline to 2.84 million retail jobs, marking a reduction of 70,000 compared to the previous year.…
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20 MarchLuxury Goods
Panerai appoints new chief executive officer
Luxury watch brand Panerai has announced the appointment of Emmanuel Perrin, currently head of specialist watchmakers distribution, as its new chief executive officer, effective 1 April 2025. His appointment draws on his 33 years of experience within Richemont, including roles at Cartier and Van Cleef and Arpels. Most recently, he…
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Jan- 2025 -22 JanuaryLuxury Goods
Mytheresa nominates Richemont CFO to board
Mytheresa has nominated Burkhart Grund, the chief financial officer of Richemont, as its new supervisory board member, subject to the completion of its Yoox Net-A-Porter (YNAP) takeover.The proposal is set to be voted on by shareholders at an extraordinary general meeting on 6 March, 2025. Last October, Mytheresa and Richemont…
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3 JanuaryLuxury Goods
Watchfinder losses hit £12.6m in FY24
Watchfinder has reported a pre-tax loss of £12.6m during the year ended on 31 March 2024. Sales for the retailer dipped from £101m in 2023 to £93m during the period as the group admitted that a “difficult” economic environment impacted its trading. According to accounts filed at Companies House, the…
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Nov- 2024 -20 NovemberNews
Mytheresa Q1 losses rise 122% to £25m despite improved sales
Mytheresa’s operating loss increased by 122% to €30m (£25m) despite an increase in sales during the first quarter of FY25. Despite the loss in profits, net sales for the German luxury retailer increased 7.6% to €201.7m (£168.1m). The company was said to have had a “strong” financial performance during the…
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