All the updated news related to luxury retail

All the news related to luxury retail updated in real time

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City

Watches of Switzerland buys US luxury watch enthusiast platform

Watches of Switzerland has bought a New York-based watch enthusiast platform, as the groups pledged to maintain “impartial journalism” and cover brands the retailer does not sell. The Rolex seller said the acquisition of Hodinkee will help it grow ...

04 Oct 2024 at 09:51

City

Burberry launches turnaround as sales continue to slump

Burberry has launched a £40 million cost-cutting programme as part of a plan to turn the company around, after sales continued falling in the second quarter. Chief executive Joshua Schulman, who joined the company in July, said he wants it to ...

14 Nov 2024 at 08:33

City

Mulberry boss says ‘rebuild’ needed after sales plummet

The boss of Mulberry has said he needs to “rebuild the business” as the luxury handbag maker revealed that sales plunged by almost a fifth over the past half-year. The fashion brand also said it is completing an internal review, with the aim ...

19 Nov 2024 at 08:07

City

Mulberry axes head office jobs in ‘rebuild’ after sales plunge

Handbag maker Mulberry has cut dozens of head office jobs as part of a major “rebuild” after revealing that sales plunged by almost a fifth over the past half-year. The new boss of the fashion firm said he is simplifying the business in ...

19 Nov 2024 at 11:26

City

Investors pin hopes on Burberry’s recovery amid China and US trade upheaval

Investors are hoping Burberry can restore confidence in its turnaround efforts, as the brand weathers major trade disruption in China and the US and an under-pressure luxury market. The global fashion house, which is listed on the ...

09 May 2025 at 12:48

City

Burberry to cut up to 1,700 jobs worldwide in bid to slash costs

Burberry has unveiled plans to axe nearly a fifth of its global workforce, including UK factory workers, in a bid to slash costs and return to profit. The London-based luxury fashion brand has announced proposals to cut about 1,...

14 May 2025 at 11:16

City

Burberry says turnaround plan showing early progress despite festive sales dip

Luxury fashion brand Burberry has reported a dip in sales over the festive period as it said it was moving with “urgency” to turn the business around and return to profit. The global fashion house, founded in England in 1856, ...

24 Jan 2025 at 09:52

City

Frasers Group buys Matches Fashion for £52m

Mike Ashley’s Frasers Group has snapped up luxury clothing retailer Matches Fashion in a deal worth around £52 million. Frasers, which owns Sports Direct and House of Fraser, said it will buy Matches from its parent company, ...

20 Dec 2023 at 12:00

City

Matches Fashion to enter administration after making ‘material losses’

Matches Fashion will be put into administration after parent company Frasers said it was unwilling to provide the money needed to keep the business going. Matches, which according to its latest accounts employed a little ...

08 Mar 2024 at 10:36

Fortnum & Mason offers high-end hampers in minutes in new rapid delivery service

Fortnum & Mason is launching a rapid grocery delivery service, ferrying loose leaf teas, biscuit selections and luxury hampers directly to Londoners’ doors in minutes. Britain’s oldest department store said customers ...

24 Mar 2025 at 00:01

City

Watches of Switzerland warns over US price hikes after Trump tariffs

Luxury retailer Watches of Switzerland has revealed price hikes for US customers after President Donald Trump’s move to slap a 10% tariff on European Union imports to America. The Rolex seller said some of its ...

03 Jul 2025 at 09:47

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