Birkin bags help drive sales for Hermès Fashion The company said that its European arm was boosted by the loyalty of local clients and the “dynamics” of tourist flows.
Hermès shares dip as handbag maker’s growth slowed by production caps HERMES RESULTS Luxury handbag maker Hermès has reported sales growth slightly below expectations, pushing its share price down on Friday morning. The French luxury group reported sales growth of 11 per cent in the final quarter of 2021. This was slightly below expectations due to its own production curbs, which it said it “anticipated”. Shares were down [...]
Burberry: How low will ‘lost’ luxury fashion label’s shares go after FTSE 100 relegation? Retail Burberry’s share price just keeps dropping and the decline is has shown almost no signs of slowing down for more than a year. It hit a 15-year low of 565p this week, after reaching a 14-year low in July, after hitting an all-time high of £2,690p last April. It is set to drop out of [...]
Watch news: Omega’s new dressy diver and a Bucherer experience June 16, 2023 While Omega’s dressy diver hops time zones and date lines, fashion giant Saint Laurent makes a muse of a cult Girard-Perregaux digital from the Seventies, and London’s bricks-and-mortar retail scene gets immersive, courtesy of Bucherer. Fully Bucherer Garden today, you’ll be sure of a big surprise. ‘Masterworks’ is a new exhibition concept launched in horological [...]
Royal Exchange owners Oxford Properties sell City gem to Ardent for around £50m October 28, 2022 The owners of the Royal Exchange have sold the City’s retail gem to an Atlanta-based real estate investment firm. The retail element of the neoclassical site – which is home to luxury brands including Tiffany & Co and Hermès – has been snagged by Ardent UK, a subsidiary of its US owner. While Ardent did [...]
Watch of the year: Parmigiani Fleurier takes our top spot December 13, 2023 Parmigiani Fleurier returns to London soil with a captivating ‘rattrapante’ GMT that Alex Doak is calling Watch of the Year
Uncool Britannia: What is going wrong at Dr Martens, Burberry and Mulberry? May 30, 2024 Thursday proved to be another challenging day for British heritage brands, with Dr Martens revealing a plummet in annual profits largely due to dwindling demand from US shoppers.
NFTs: Are they legally laced up, or is the shoe on the other foot? March 23, 2022 Reed Smith partner Danielle Garno walks us through Nike's recent legal complaint over NFTs from online marketplace StockX.
Luxury fashion brands struggle to compete with celebs in the branded beauty craze April 28, 2024 “There has been a massive shift; we are inundated with brands now. The selectivity is really the main challenge,” Clare Horner, group beauty director at UK luxury department store Harvey Nichols.
Luxury faces a reckoning: What do Gucci, Burberry and LVMH need to do to survive? July 23, 2024 The post-pandemic luxury market was unstoppable. Record profits driven by China’s reopening and the revenge-on-lockdown ‘urge to splurge’ sent profits at all the major luxury brands to unbelievable highs. Briefly, it looked as though the upswing was going to stick, with pundits – and papers – asking if it would ever end. Now, results season [...]