Wednesday, June 26, 2019

Richemont profit surges 128% after YNAP acquisition

Richemont has revealed its net profit for the year to March has increased by 128 per cent to €2.79 billion (£2.43 billion).
Burberry store closures

Burberry to shut 1 in 10 stores worldwide to elevate brand

Burberry has announced it will close one in 10 stores worldwide in a bid to push the brand to an increased upmarket tier.

LVMH renames its ecommerce site 24 Sèvres to “24S”

LVMH's own ecommerce site 24 Sèvres has been renamed to 24S less than two years after it was launched.

Farfetch posts 39% revenue uptick amid “strategic milestones”

Farfetch has reported a 39 per cent increase in revenue to $174 million (£135 million) during the first quarter to 31 March.
Burberry store closures

Burberry profits rise as it announces £150m share buyback

Burberry has posted an increase in full-year profits as well as announcing a share buyback thanks to the “strong progress” in....

Harrods named world’s most successful luxury department store

Harrods has beaten the likes of Selfridges and Liberty to be named the world's best-performing luxury department store.
Kering animal welfare

Kering launches “Animal Welfare Standards”

Kering has released a set of internal guidelines for dealing with animal welfare, as fashion companies seek ways to maintain...
Kering Gucci

Kering to pay £1.07bn tax to settle dispute

Luxury group Kering has agreed to paying a total of €1.25 billion (£1.07 billion) to the Italian tax authorities to settle a...
Harrods Fashion Re-Told

Retail Gazette Loves: Harrods’ Fashion Re-Told charity pop-up

London's most luxurious pop-up store opened its doors to eager customers at 51 Marylebone High Street last week on May 2.
Primark owners

Owners of Selfridges & Primark paid near-double dividend

The billionaire family behind the likes of Selfridges and Primark has almost doubled its dividend payout to £151 million.

Feature Resource

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Multiple sources of data and manual processes cause many time-consuming issues that affect profit. With sophisticated analytics and big data tools you can get...