All Luxury articles – Page 47
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NewsAll resolutions passed at Burberry AGM
Burberry shareholders voted in favour of all resolutions proposed at the luxury retailer and brand’s annual general meeting today, including directors’ remuneration.
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NewsSurge in Indian shoppers buying luxury goods
The amount spent on luxury goods by Indian shoppers visiting the UK has grown 89% year-on-year.
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NewsBurberry sales up 24% in first quarter
Burberry reported a 24% hike in sales to £291m for the three months to June 30 with a strong performance across both retail and wholesale.
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LVMH to acquire 70% of Brazil’s Sack’s
France-based luxury and specialty retail group LVMH is to acquire a 70% stake in Sack’s, a leading online retailer of fragrances, cosmetics and toiletries in Brazil.The operation will form part of the group’s beauty store operation, Sephora, and the acquisition will mark Sephora’s entry into the Brazilian market.Sephora is expected ...
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NewsLuxury retailers join forces to promote London overseas
Luxury retailers including Burberry and Louis Vuitton will join forces tonight to launch a campaign to attract wealthy overseas shoppers to London.
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NewsMulberry posts 23% rise in sales
Mulberry has posted a 23% rise in sales for the year to March 31 as the luxury clothing and accessories house continues to grow its business internationally.
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NewsAquascutum signs deal to develop golf collection
Luxury British heritage brand Aquascutum has signed a deal with manufacturer TPD Luxury Solutions to develop the first Aquascutum Golf collection.
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NewsBurberry boss receives £3.16m pay-out
Burberry paid its chief executive Angela Ahrendts £3.16m, which included her maximum bonus allowance, following a strong performance for the luxury group.
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NewsKarstadt rescued by Nicholas Berggruen and BCBG Max Azria
Insolvent German department store group Karstadt is set to be rescued by a consortium involving German billionaire investor Nicholas Berggruen and luxury fashion house BCBG Max Azria.
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NewsMulberry signs new London flagship and office sites
Luxury British brand and retailer Mulberry has signed leases for a flagship store at 50 New Bond Street and for a new London head office space.
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NewsSamantha Cameron cuts back Smythson role
Samantha Cameron, the Prime Minister’s wife, is to reduce her role at Smythson, the upmarket Bond Street retailer she is credited with having helped turn around.
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PPR Q1 sales up
Sales in the first quarter of 2010 at luxury goods and retail company PPR were up 1.3% compared with the first quarter of 2009, rising to €4.13bn (£3.6bn). Sales at Fnac, the international entertainment retail chain of which PPR is the majority shareholder, were up 1.6%. In France, Fnac sales ...
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NewsWestfield London targeted by gang of robbers
Westfield London has been targeted by a gang of robbers who stole hundreds of thousands of pounds worth of jewellery.
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NewsPositive sales for PPR in first quarter
French retail group PPR reported a positive first quarter with sales up 1.3% on a like-for-like basis to €4.1bn (£3.56bn) in the first quarter of the year.
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NewsLuxury industry backs ruling on online sales
Luxury giants LVMH and PPR have spoken out in support of a European Commission ruling that allows brand owners to continue to control how online retailers distribute their brands.
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NewsBurberry expects record profits as UK outperforms
Burberry said its full-year profits will be “at record levels” following a stronger than anticipated end to the year.
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NewsHarrods not for sale, says Mohammed Al Fayed
Harrods owner Mohammed Al Fayed told employees today that the iconic Knightsbridge department store is not for sale.
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NewsLiberty records positive EBITDA for first time in a decade
London department store Liberty has reported that EBITDA was in positive territory for the first time in a decade in the year to December 31.
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NewsLouis Vuitton loses Google battle
Google has won its long-running legal battle with Louis Vuitton over the use of the online giants Adwords service.
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OpinionCould Richemont net a winner?
No wonder Richemont is targeting a larger slice of Net-a-Porter — it has been one of the best etail growth stories in a market where its founder Natalie Massenet once faced naysayers who believed luxury fashion would never work online.