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Luxury goods

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...


MCM moves London flagship to Mayfair

Friday 25 November 2016 - Posted by Elias Jahshan

Luxury accessories retailer MCM has moved into its new flagship store in London’s prestigious Mayfair district after closing down its former Sloane Street shop. The Munich-based brand, which stands for Modern Creation Munich, is now occupying the space once held by the Mayfair...


Selfridges unveils plans to create world's largest accessories hall

Wednesday 23 November 2016 - Posted by Elias Jahshan

Selfridges has revealed plans to dedicate a space in its iconic London flagship store that will become the world's largest shopping area for women's fashion accessories. The Oxford Street department store is set to create 60,000sq ft of space containing more than 70,000 handba...


Harrods set to record 7th year of sales & profits increase

Wednesday 26 October 2016 - Posted by Elias Jahshan

World-renowned department store Harrods is expected to post record sales and profits for the seventh year in a row next week, according to reports. The retailer, owned by Qatar Holding, is expected to post £1.44 billion in total sales for the year to January 30, according to t...


Gucci, Stella McCartney parent company sales up by 10%

Wednesday 26 October 2016 - Posted by Elias Jahshan

The parent company of luxury fashion retailers Gucci and Stella McCartney has recorded a 10 per cent sales increase in its latest quarterly report. Boosted by an 18 per cent revenue uptick from Gucci, Kering posted sales of €3.2 billion (£2.8 billion) in the third quarter – bu...


5 Minutes With Loic Bocher, CEO & Co-Founder, Collector Square

Sunday 23 October 2016 - Posted by Elias Jahshan

Since Loic Bocher co-founded it in 2013, Collector Square has quickly grown to become a European leader for the sale of pre-owned luxury fashion accessories, thanks to its pioneering and innovative online retail model. Along with a diverse range of luxury items for sale, Colle...


Burberry's Q2 sales marginally boosted by post-Brexit weak pound

Tuesday 18 October 2016 - Posted by Elias Jahshan

The weaker sterling helped Burberry exceed second quarter expectations as it recorded 30 per cent rise in sales in the UK alone. The fashion brand and retailer said positive trading in Europe and a "significant out performance in the UK" – boosted by tourists flocking to Londo...


Kurt Geiger posts soaring profits under new ownership

Wednesday 12 October 2016 - Posted by Elias Jahshan

Profits at upmarket footwear retailer Kurt Geiger doubled in 2015, according to its first financial update since new owners took over eight months ago. The British chain’s EBITDA for the year to December 31 shot up to £20.4 million, while operating profit soared by 50 per cent...