Switzerland
This coverage examines Switzerland’s influence on the UK retail landscape, with a focus on Swiss-owned brands, luxury watch and chocolate retail, cross-border trade, import regulations, and consumer preferences. Reporting highlights how Swiss market dynamics, supply chains, and brand strategies intersect with UK retail operations—offering insights for executives, buyers, and professionals managing premium sourcing and international partnerships.
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Nov- 2023 -13 NovemberPeople Moves
Richemont appoints Karlheinz Baumann to senior executive committee
Richemont has appointed Karlheinz Baumann to the group’s Senior Executive Committee (SEC) in his capacity as group director of Operations, in charge of Manufacturing, Research and Innovation, Customer Service, Logistics and Supply Chain, Indirect Procurement, Responsible Sourcing and Security. Baumann will continue to report to Jérôme Lambert, CEO of Richemont…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 NovemberNews
Watches of Switzerland Q2 revenues rise to £379m
Watches of Switzerland has reported that revenues increased to £379m in Q2 2023, up from £374m for the same period last year, due to robust demand for luxury watches. US revenue reached £165m, up 11% at constant currency. The group reported strong sales due to the opening of new mono-brand…
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Oct- 2023 -26 OctoberNews
Fashion brand launched by Ukrainian refugee to open London pop-up
After launching her new fashion brand Nenya in Leeds in October last year, Ukrainian refugee Yana Smaglo is taking her latest fashion range to London with a pop-up shop. After launching in Yorkshire last year, the pop-up shop will be open to visit in London until 29th October, supported by…
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17 OctoberNews
Arne opens pop-up shop at Liverpool One
Arne, the popular online men’s and women’s contemporary clothing and footwear brand, has officially welcomed customers to its second bricks-and-mortar activation at Liverpool One. Bringing its lucrative online brand to a physical format for the second time, Arne occupied a 3,500 sq ft unit in Liverpool One, from 14 to…
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Sep- 2023 -14 SeptemberNews
Nike Rise to open concept store in Birmingham
Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy to reinvigorate the asset with new brands, concepts and market firsts. Located at the gateway to Bullring and just metres from the iconic steel Bull, Nike Birmingham will follow the…
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1 SeptemberHealth & Beauty
L’Occitane receives B Corp certification
L’Occitane has announced that it is now a certified B Corporation retailer, following two years of evaluating its impact on all its stakeholders – including employees, the wider community, suppliers, customers and shareholders, as well as environment. With this certification, the group joins a global community of businesses that share…
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Aug- 2023 -10 AugustLuxury Goods
Watches of Switzerland sees revenues drop to £382m
Watches of Switzerland has announced that its revenues dropped 1% to £382m, down from £391m in Q1 2023, for the 13 weeks ended 30 July 2023. The company stated that its revenue was in line with guidance, with its Q1 revenue primarily reflecting unwinding of the benefit of product intake…
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Jul- 2023 -13 JulyLuxury Goods
Watches of Switzerland profits jump 23% to £155m
Watches of Switzerland has posted a 23% increase in profits to £126m, up to £155m, for the year ended 30 April 2023. The increase comes amid a 25% increase in revenues to £1.5bn compared with £1.2bn in 2022. For the UK and Europe specifically the retailer posted revenues of £890m…
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May- 2023 -17 MayLuxury Goods
Watches of Switzerland revenues hit £1.5bn in FY23
Watches of Switzerland has revealed that the group’s revenues reached £1.5bn for the year ending 30 April, as its UK and Europe revenue increased by 10% to £890m. This comes as its luxury watch revenue rose 28%, driven by increases in average selling price and volume, while luxury jewellery and…
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