Saint Laurent
This coverage provides detailed reporting on Saint Laurent’s activities and presence in the UK retail market. Topics include store openings, wholesale partnerships, marketing strategies, executive appointments, and financial updates. With emphasis on the brand’s role in the luxury fashion sector, the content informs retail professionals overseeing brand performance, customer experience, and competitive trends in high-end retail environments.
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Jul- 2025 -30 JulyLuxury Goods
Kering HY revenues fall 15% as Gucci struggles continue
Kering has seen its revenues fall 15% on a comparable basis to €7.59bn (£6.56bn) for the half year ended 30 June 2025. It comes as the struggles at its luxury brand Gucci continue, with revenues falling 25% to €3.03bn (£6.26bn) during the same comparable period. The brand also saw its…
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Apr- 2025 -25 AprilNews-In-Brief
Today’s news in brief-25/4/25
The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been serving as interim CFO since last autumn, brings 13 years of experience within the business, including roles as Group Finance and Strategy director. A chartered accountant with prior experience at…
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25 AprilLuxury Goods
Kering revenues plummet to €3.9bn amid Gucci sales decline
Luxury retail group Kering has reported a 14% drop in revenues to €3.9bn (£3.31bn) in Q1 2025 as its flagship brand Gucci saw sales decline by 24% to €1.6bn (£1.37bn). Gucci’s revenues from its directly operated retail network declined by 25% amid low store traffic, while wholesale revenue fell by…
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Feb- 2025 -12 FebruaryNews-In-Brief
Today’s news in brief-12/2/25
Kering, the luxury conglomerate behind Gucci, Yves Saint Laurent, and Bottega Veneta, reported a challenging fiscal 2024, with revenue falling 12% to €17.2 billion (£14.3 billion) and EBITDA plummeting 29% to €4.6 billion (£3.8 billion). Gucci’s 23% sales decline to €7.65 billion (£6.37 billion) significantly impacted the group, alongside a…
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12 FebruaryClothing & Shoes
Gucci sales slump drags down Kering FY performance
Kering, which owns brands such Gucci, Yves Saint Laurent and Bottega Veneta, has reported a 29% drop in EBITDA to €4.6bn (£3.8bn) and a 12% decrease in revenues to €17.2bn (£14.3bn) in the year to 31 December 2024. Recurring operating income totalled €2.6bn (£2.17bn) in 2024, down 46% from 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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May- 2024 -16 MayNews
Mytheresa sales rise 17.6% to €233.9m in Q3
Luxury retailer Mytheresa reported a 17.6% net sales increase to €233.9m (£200.6m) for the third quarter ended 31 March. Gross Merchandise Value (GMV) increased 14.7% to €252.2m (£216.3m) compared to €219.8m (£188.5m) in the prior year period. Gross profit also increased 12% to €101.6m (£87.1m) with a 43.4% gross profit…
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Apr- 2024 -24 AprilNews
Today’s news in brief-24/4/24
Bérangère Michel, the executive director of finance for the John Lewis Partnership, is resigning after 16 years with the company. She is leaving to explore new career opportunities, having played a vital role in enhancing the business’s financial performance. Her departure prompts a recruitment process for her replacement, expected to…
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24 AprilLuxury Goods
Kering revenues dip 11% to €4.5bn in Q1
Kering’s revenues were down 11% to €4.5bn (£3.8bn) for the first quarter of 2024 as Gucci, Yves Saint Laurent and Bottega Veneta failed to perform positively. The group’s revenue from the directly operated retail network fell 11% on a comparable basis, as a result of lower store traffic. During the…
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Feb- 2024 -8 FebruaryNews
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who had previously served as chief product officer at Deliveroo and co-founded Maple, brought valuable experience to the company. Farfetch’s decision to remain silent on shareholder concerns hinted at ongoing turbulence.…
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