All the updated news related to luxury goods

All the news related to luxury goods updated in real time

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City

Saudi wealth fund buys 40% stake in Selfridges

Saudi Arabia’s sovereign wealth fund has agreed to buy a significant stake in department store firm Selfridges. The Saudi Public Investment Fund (PIF) will partner with current co-owners Thai-based Central Group to take control of the retailer. It ...

08 Oct 2024 at 11:15

City

Mulberry dismisses £111m takeover tilt from Frasers as ‘untenable’

Luxury handbag maker Mulberry has said a sweetened £111 million approach from Mike Ashley’s Frasers Group is “untenable”. The London-listed fashion firm said its board had decided to rebuff the higher proposed takeover in favour of focusing on ...

22 Oct 2024 at 09:18

City

Burberry shares dive as it reveals hit from luxury spending slowdown

Fashion group Burberry has warned of a global slowdown in demand for luxury goods as inflation starts to hit wealthy customers, and said it may not meet its full-year profit guidance. Shares in the group slumped as much as 11% on Thursday ...

16 Nov 2023 at 09:23

Scotland

£10 million worth of counterfeit luxury goods seized in Scotland

Trading standards officers have seized £10 million worth of counterfeit clothing and accessories mimicking luxury brands. Police officers and Trading Standards Scotland, working with Glasgow City Council and South Lanarkshire, acted ...

10 Nov 2022 at 18:31

City

Watches of Switzerland ‘confident’ after strong festive season

Rolex retailer Watches of Switzerland has hailed a robust festive season for the group as it cheered further signs of a recovery in the luxury watches and jewellery market. The London-listed group said it had seen “further ...

06 Feb 2025 at 09:16

City

Luxury stocks rally globally amid signs of recovery in demand

Luxury stocks have surged worldwide after Richemont, which owns Cartier, posted soaring sales, as investors bet on a recovery for the sector. The FTSE 100 gained 91 points on Thursday to finish the day at 8,392, or a 1.1% ...

16 Jan 2025 at 17:07

Luxury exports to Russia banned as tariffs hiked on imports including vodka

High-end luxury goods exports to Russia have been banned and import tariffs have been hiked on hundreds of goods, including vodka, under a raft of new UK economic sanctions on the country. The Government said Russian ...

15 Mar 2022 at 12:25

Years
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