Breitling: UK sales slump by almost £20m at luxury watchmaker Retail Sales at the UK arm of luxury watch brand Breitling slumped by almost £20m during its latest financial year. The division of the Swiss watchmaker has reported a turnover of £57.9m for the 12 months to 31 March, 2025, according to new accounts filed with Companies House. That’s down from the £76.3m it achieved in [...]
Why don’t London’s luxury hotels make any money? hospitality London is home to some of the most iconic and well-known luxury hotels in the world. The Savoy, the Ritz, The Dorchester and Claridge’s, to name just a few, are renowned the world over and have played host to the ultra wealth, celebrities and royalty. Also appearing in a string of popular films, London’s luxury [...]
The Savoy Hotel sheds jobs as losses widen hospitality Losses widened at The Savoy Hotel as it shed jobs during its latest financial year while a major renovation project started. The five-star London hotel has posted a pre-tax loss of £19.6m for 2024, having also lost £17.5m in 2023. The last time The Savoy Hotel made a pre-tax profit was the £5.9m it reported [...]
Porsche: UK revenue in £300m reverse as car sales slashed October 8, 2025 Revenue at the UK division of Porsche was cut by more than £300m in 2024 as it sold 4,000 fewer luxury cars. New accounts filed with Companies House have revealed the UK arm’s revenue fell from £1.92bn to £1.62bn during its latest financial year. Over the same period, its pre-tax profit also declined from £44.6m [...]
Luxury brands in sport: F1 leading the way, but for how long? October 5, 2025 Take one minute to watch some of the Formula 1 Singapore Grand Prix this weekend and you’ll struggle not to lock eyes with a luxury brand being splashed on an advertising hoarding or chassis panel. One year ago this month LVMH – parent company of the likes of Louis Vuitton, Dior, Moet & Chandon, Tiffany [...]
Pandora: UK profit slumps as sales slip after record high September 30, 2025 Profit at the UK arm of luxury jewellery brand Pandora has fallen significantly as its sales slipped back from a record high. The London-headquartered division has posted a pre-tax profit of £14.9m for 2024, new accounts filed with Companies House show. The latest total comes after Pandora achieved a pre-tax profit of £61.1m in 2023. [...]
Tesla: UK sales slump by £500m as profit slashed September 26, 2025 Sales at the UK arm of Elon Musk’s Tesla slumped by more than £500m as its profit was also slashed during its latest financial year. The division, which is headquartered in Manchester, has reported a revenue of £1.94bn for 2024, new accounts filed with Companies House show. The new figure comes after Tesla posted a [...]
Fabergé lost millions before takeover deal September 23, 2025 Fabergé, the jeweller famous for its imperial Russian Easter eggs, fell into the red in the year before being sold to a technology investor for $50m (£37m) last month. The company is set to be taken over by SMG Capital, a US investment company controlled by the tech backer Sergei Mosunov. Fabergé is currently owned [...]
Princess Yachts back in profit but Rachel Reeves’ Budget forces job cuts September 10, 2025 A luxury yacht builder has surged back into profit and its sales jumped by more than £100m as hundreds of jobs were cut because of Chancellor Rachel Reeves’ Budget. Plymouth-based Princess Yachts has reported a revenue of £378m for 2024, up from the £276.3m it achieved in 2023, according to new accounts filed with Companies [...]
Richard Mille: Luxury Swiss watch brand’s sales tick past major milestone August 13, 2025 Sales at the Europe, Middle East and Africa arm of luxury Swiss watch brand Richard Mille have ticked past a major milestone as its growth streak continues. The London-headquartered division has posted a turnover of CHF 404.4m (£371.2m) for 2024, up from the CHF £378.7m it achieved in 2023. New accounts filed with Companies House [...]