Thursday, November 23, 2017
Knightsbridge

Burberry to open new 4-storey flagship

Burberry is set to open a new four-storey flagship store in London‘s Knightsbridge, vacating its current store in the area.
Tag Heuer

Tag Heuer opens biggest UK store in Sheffield

Luxury watch maker and retailer Tag Heuer has just opened up its biggest store in the UK within Meadowhall shopping centre in Sheffield. The 1820sq...
Jimmy Choo

Jimmy Choo first-half profit surges, surpassing previous year’s profit

Jimmy Choo enjoyed a sharp rise in profits and sales in its first half, with pre-tax profits alone almost tripling year-on-year and surpassing the full-year profit recorded in 2016.
Avenue 32

Avenue 32 ceases trading

Online luxury fashion retailer Avenue 32 has announced its closure following a failed sales process.
Coach shares

Coach shares plummet after trading update

Luxury accessories retailer Coach has seen its shares plummet as it announced that sales may come below expectations for the year.
Marco Gobbetti

New Burberry CEO to judge all 498 stores in cost cutting tour

Burberry‘s new chief executive Marco Gobbetti is reportedly embarking on a secretive world tour to establish which sites may need axing as part of a turnaround effort.
Matchesfashion.com

MatchesFashion.com prepared to receive £600m bids in coming weeks

Luxury fashion retailer MatchesFashion.com is reportedly in talks with various high-profile investment funds as it prepares for takeover bids estimated to top £600 million.
Michael Kors update

Michael Kors quarterly revenue & profit drops amid Jimmy Choo acquisition

The roll out of a strategic plan as well as the acquisition of iconic British brand Jimmy Choo has led Michael Kors to record falls in profit and sales during its first fiscal quarter.
Zimmermann

Zimmermann chooses London for its European store debut

Prestigious Australian fashion label Zimmermann has chosen London's Mayfair to open its first European store.
Alibaba Kering

Alibaba and Kering partner up to combat counterfeit trade

The parent company of retailers Gucci, Yves Saint Laurant and Puma has partnered with Chinese ecommerce platform Alibaba to combat the sale of fake...

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