All Luxury articles – Page 5
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AnalysisMytheresa: Who is Yoox Net-a-Porter’s new German luxury owner?
This morning’s announcement that luxury fashion retailer Mytheresa is acquiring Yoox Net-a-Porter brings parent company Richemont’s turbulent chapter spent trying to offload it to a close. Retail Week takes a look at the German luxury brand that has been thriving while other players flounder, as well as what the deal means for both businesses moving forward.
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NewsMulberry has rejected a takeover bid from Mike Ashley’s Frasers Group
Mulberry has rejected the £83m takeover bid proposed yesterday by Mike Ashley’s Frasers Group.
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NewsFrasers Group has made a bid for struggling Mulberry to avoid ‘another Debenhams situation’
Frasers Group has made a surprise takeover bid for luxury handbag and accessories brand Mulberry in what it called an attempt to avoid “another Debenhams situation”.
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Innovation of the WeekSelfridges is embarking on a retail media partnership with Criteo
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.
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NewsHarrods is investigating the role of current staff in allegations of abuse against Al Fayed
Harrods is undergoing an internal review to determine whether any of its current staff was “directly or indirectly” involved in any of the sexual abuse allegations against former owner Mohamed Al Fayed.
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NewsLondon Designer Outlet had its ‘best summer on record’ as sales surpassed £10m
London Designer Outlet has reported its “best summer performance on record” with its strongest-ever sales outside of December occurring in August.
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GalleryL’Oréal Luxe unveils its ‘beauty playground’ pop-up in Westfield White City
L’Oréal Luxe has opened the doors to its “beauty playground” in Westfield White City featuring activations from brands including Lancôme, Armani, Valentino and YSL Beauty.
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NewsLandlord Hammerson has sold its Bicester Village stake for £1.5bn
Hammerson has completed the £1.5bn sale of its joint venture in Bicester Village to a newly created private equity firm.
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NewsWatches of Switzerland is on track for the full year thanks to UK market ‘stabilisation’
Watches of Switzerland has reported trading in line with expectations for the start of the financial year as the demand for luxury watches and jewellery in both the UK and US steadied.
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NewsHarrods has seen its highest ever turnover as sales surge
Luxury department store Harrods has recorded its highest-ever turnover, driven by tourists coming back to London post-pandemic.
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NewsKurt Geiger has posted ‘record’ sales and a rise in profit
Kurt Geiger has posted “record” profits and handbag sales despite weaker demand in the wider luxury market.
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NewsLuxury retailers are flocking to London’s West End to set up shop
Luxury retailers are opting to set up shop in Oxford Street and Bond Street in London’s West End, according to new data.
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DataRanking: The UK’s top-performing designer outlet centres
As Hammerson sells its stake in Bicester Village owner Value Retail, we teamed up with JDM Retail to reveal the ultimate ranking of the UK’s top-performing designer outlet centres
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NewsSelfridges’ CEO has made a shock departure from the luxury department store
The chief executive officer at luxury department store Selfridges has made a shock departure from the business.
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NewsHammerson has posted growth in rental income and ‘capability’ in wake of Bicester Village sale
Hammerson, which owns and operates shopping centres including Birmingham’s Bullring and London’s Brent Cross, has posted a rise in rental income and “increased capacity and capability” after selling its £1.5bn stake in Bicester Village.
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NewsSephora has delivered ‘exceptional’ growth but LVMH sales and profit take a hit
Sephora has delivered double-digit growth despite parent group LVMH seeing a fall in sales and profit in the six months to June 30, 2024.
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InterviewQ&A: Luxe Collective co-founder targets £1m in a day on TikTok despite luxury struggles
As pre-loved luxury increases in popularity, among the influential Gen Z consumer in particular, Luxe Collective co-founder and chief executive Ben Gallagher talks to Retail Week about what makes the resale platform unique, the importance of social media to fuel growth and his aim for the business to make £1m revenue in a day on TikTok Shop
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InterviewFrasers CFO on the key to Sports Direct’s success, new brands on Frasers Plus and the resilience of the luxury sector
As Frasers Group posts profits at the top of its guidance, Retail Week speaks to chief financial officer Chris Wootton to talk about the results, Frasers Plus, present and future acquisitions and more.
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GalleryPremium luggage brand Carl Friedrik has opened its first-ever store
Carl Friedrik, a premium travel goods brand, has opened its first-ever standalone store on 27 Regent Street.
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NewsFrasers has reported increased profit despite sales dip in ‘break-out’ year
Frasers Group has posted profit at the top of its guidance range despite a dip in sales for the 52 weeks ending April 2024.