Browsing: luxury market

Mulberry faces intensified half-year losses as the luxury brand’s new CEO focuses on revitalisation.Losses have escalated to £15.7m, marking a…

LVMH Group announces key leadership changes amidst evolving luxury market dynamics.Alexandre Arnault appointed Deputy CEO of LVMH’s wines and spirits…

Frasers Group, led by Mike Ashley, has decided against pursuing a £111m takeover of luxury brand Mulberry.This decision follows a…

Mulberry, a revered name within the luxury fashion industry, has declined a revised takeover bid from the Frasers Group. This…

Amid challenging market conditions, Burberry has been demoted from the FTSE 100 index following a significant decline in share price.The…

Kering has reported an 11% decline in sales for the first half of 2024, impacting all its major brands.Gucci experienced…

The Frasers Group reported a 13.1% increase in adjusted profit before tax despite a downturn in revenue.The UK Sports Retail…

Amid continued financial challenges, Burberry has appointed Joshua Schulman as its new CEO.Burberry’s revenue has experienced a significant decline, falling…

Yoox Net-A-Porter Group (YNAP) has decided to exit the Chinese market to refocus on more profitable regions.The partnership between Richemont…