Uncategorized Archive

Weak October sales hamper Richemont’s first half results – 15/11/15

Luxury houses are expecting sales to be rough in the second half of this year, with strong hopes that Christmas will bolster whimpering sales. Richemont, the world’s second-largest luxury group notched a 1 per cent decline in sales in October at actual currency rates — and a 6 per cent drop at constant ones.

Gloomy global market drives Burberry to unify brands – 5/11/15

Shed a tear and wave a fashionable goodbye to Prorsum, London and Brit labels as they make their exit in late 2016, as confirmed by Chief Executive Officer Christopher Bailey. It has been reported that the Burberry Group have started the ground work to amalgamate its collections in order to make it easier for

Online battles starting to heat up as luxury houses step up online presence – 7/10/15

It was hard enough for retailers when the e-tail world was turned on its head and consumers starting buying from the comfort of their homes rather than visiting stores and boutiques. But… the department stores and boutiques are about to get squeezed again with a new competitor hitting town: makers of the designer clothing,