The Debate: Is it okay to wear shorts to the office? June 25, 2025 In the midst of a heatwave, it's time to ask the big question: is it permissible to wear shorts to the office? Our writers battle it out.
Louis Vuitton: Sales and profit slashed amid luxury spending slowdown June 20, 2025 A continued slowdown in luxury retail spending saw sales at the UK arm of Louis Vuitton slashed by almost £90m and profit tumble during 2024, it has been revealed. The fashion powerhouse has reported sales of £488.2m for its latest financial year, down from the £575.2m it achieved in 2023. New accounts filed with Companies [...]
Matalan: Huge losses continue as almost 200 jobs lost June 19, 2025 Huge losses have continued at Matalan as its sales dipped below £1bn and it shed almost 200 jobs. The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025. The total comes after Matalan also posted a pre-tax loss of £60m in its prior year. New accounts also [...]
Represent: Clothing brand almost doubles sales in two years June 10, 2025 Sales at clothing brand Represent jumped towards the £100m mark in a “landmark year” which saw it double down on collaborations, grow its activewear and expand into further into the US. The business, which was founded by brothers George and Michael Heaton, has posted a turnover of £93.8m for 2024, up from the £80.8m it [...]
Burberry’s decline shows British brands can’t trade on heritage alone May 30, 2025 The decline of Burberry should be a cautionary tale for British luxury brands relying on heritage, writes Manfredi Ricca.
Monsoon and Accessorize owner enters the red as sales slip May 27, 2025 The owner of Monsoon and Accessorize slumped into the red as its sales were slashed during its latest financial year, it has been revealed. Adena Brands, which is owned by Peter Simon, has reported a pre-tax loss of £7.5m for the 12 months to 31 August, 2024. The loss comes after the group posted a [...]
JD Sports: Shares drop on tariff uncertainty despite higher dividend May 21, 2025 JD Sports has raised its dividend on a double-digit rise in revenue after an uptick in European and North American demand. Shares, however, dropped more than seven per cent as the retailer warned that the visibility in US trading was uncertain due to the tariff impact. Overall revenue grew 12 per cent to £11.45bn in [...]
Burberry ‘optimal opportunity for investors’ as turnaround gains steam May 15, 2025 Analysts have labelled Burberry’s share ‘undervalued’ as the brand’s plan to turn its back on a rocky year gains steam. The FTSE 250 firm reported a major improvement in half-yearly sales on May 14 – although it wasn’t quite enough to stop the company falling into an operating loss for the financial year. Sales fell [...]
Burberry plans to cut a fifth of workforce in cost-cutting drive May 14, 2025 Burberry has told investors it plans to cut nearly a fifth of staff in the next two years as it looks for cost savings to aid its significant turnaround plan. The British luxury giant plans to shed 1,700 jobs by 2027, nearly 20 per cent of its 9,300-strong workforce. It said the savings in “people-related [...]
Ray-Ban owner issues warning after UK sales fall May 9, 2025 The owner of Ray-Ban has issued a warning over its performance this year after its UK sales and profit fell in 2024. The UK arm of Luxottica Group said the increase in the cost of goods and services is expected to negatively impact its gross and operating profit this year. The group added that the [...]