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Luxury goods

More luxury retailers opened stores in London than any other city in 2016

Monday 20 February 2017 - Posted by Elias Jahshan

London’s status as the world capital for luxury retail has been reinforced with new data showing it had more luxury store openings than any other city in 2016. According to Global Luxury Retail report, the city saw a total of 41 new luxury openings last year – of which 15 were...


Brilliant Inc relocates and upgrades London flagship

Thursday 16 February 2017 - Posted by Elias Jahshan

British jewellery retailer Brilliant Inc has relocated its London flagship store to a bigger location in Chelsea to meet increasing demand. Officially launched on February 10, the new store is located on 320 King’s Road, Chelsea and has a space of 953sq ft. Founded in 2005 by ...


Prada's UK market bucks trend of struggling global sales

Tuesday 14 February 2017 - Posted by Elias Jahshan

Luxury goods retailer Prada experienced a dip in sales across all of its regions last year, with fewer tourists visiting its global flagship stores dragging growth. However, the Italian brand – which trades in the UK with a few flagship stores and concessions – said sales had ...


Michael Kors records "disappointing" quarter

Tuesday 07 February 2017 - Posted by Elias Jahshan

Michael Kors recorded a drop in sales in its latest trading quarter and confirmed plans to cut back promotions in North America to boost average retail prices. The luxury accessories and fashion retailer said average selling prices in its third quarter ending December 31 – whi...


Pandora's sales skyrocket over Christmas period

Tuesday 07 February 2017 - Posted by Ben Stevens

Danish jewellery retailer Pandora has reported a welcome spike in sales, boosted by a strong performance in the UK. Group sales in the last three months of the year shot up by 21 per cent, bringing its full year sales up to £2.4 billion. The retailer reveled in an 80 per cent ...


Tiffany & Co CEO steps down amid struggling financial results

Monday 06 February 2017 - Posted by Elias Jahshan

The chief executive of Tiffany & Co has stepped down amid continued financial struggles and disappointing trading results for the upmarket jewellery retailer. The famed luxury retailer – which has five standalone stores in London, two at Heathrow airport and concessions with S...


Jimmy Choo posts record revenue for 2016

Thursday 26 January 2017 - Posted by Elias Jahshan

Jimmy Choo has recorded another year of record revenue for the full-year ending December 31, with “strong growth” in Asia and “continued solid growth in Europe and Japan. The luxury British retailer raked in revenues of £364 million in 2016, a 15 per cent increase on the previ...


Coach names Kevin G Wills as new chief financial officer

Friday 06 January 2017 - Posted by Elias Jahshan

International luxury retailer Coach has named Kevin G Wills as its new chief financial officer, replacing Jane Nielsen who left the brand in August last year. Wills, who joins Coach in March, will move from AlixPartners LLP, where he served as managing director and chief finan...


Sophie Hulme secures first permanent retail space in Harrods

Thursday 01 December 2016 - Posted by Ben Stevens

Accessories brand Sophie Hulme has opened its first physical retail space in Harrods. A 335sq ft shop-in-shop dedicated to Sophie Hulme handbags and accessories is now located on lower ground floor of the world-famous London department store. Harrods has stocked the designer’s...


Michael Kors to debut standalone menswear shop in London

Wednesday 30 November 2016 - Posted by Elias Jahshan

Luxury designer label Michael Kors will open its debut standalone menswear shop in Europe in Westfield London just days before Christmas. The new store, slated to open December 15, will be located next door to Michael Kors’ current womenswear store in the shopping centre. Howe...