Loss widens at Shangri-La Hotel at The Shard November 28, 2024 The five-star Shangri-La Hotel at The Shard is eyeing an improvement in its financial performance in 2024 despite its pre-tax loss widening during its latest year. The hotel has reported a pre-tax loss of £7.3m for 2023, according to newly-filed accounts with Companies House. The figure compares to the £6m pre-tax loss it posted in [...]
Gen Z are leading the way on luxury spirits November 27, 2024 For a generation who famously do not drink as much as their parents or grandparents, unlocking the spending habits of Generation Z on alcohol occupies a remarkable amount of brands’ time. For spirits brand Diageo, who own brands like Johnnie Walker whiskey and Don Julio tequila, the answer can be found in the post-pandemic shift [...]
Aston Martin raises £210m following profit warnings November 27, 2024 Falling demand in China, delivery delays and the wider push into electric vehicles (EVs) have hit Aston Martin shares over the last year.
Why ‘radical’ Jaguar rebrand is following in Apple’s footsteps November 22, 2024 Jaguar’s controversial rebrand has not been far from the headlines in the last few days, with online commentators slating the move as a “disaster”. The criticism came after the British manufacturer, which is part of the wider Jaguar Land Rover group, unveiled marketing slogans such as “delete ordinary”, “live vivid” and “copy nothing” earlier this [...]
Bond Street moves into third for world’s most expensive retail spot November 20, 2024 Bond Street has leaped-frogged Tsim Sha Tsui in Hong Kong to take bronze in a list of the world’s most exclusive retail streets. The shift bucks bucks fears about the decline of brick-and-mortar retail on the high-street and the so-called tourist tax, which has faced campaigners’ calls for scrappage. The average rent on Bond Street [...]
Analysts say Frasers ‘was right’ about Mulberry as it faces long road to recovery November 19, 2024 Analysts have painted a grim picture for the future of British luxury fashion brand Mulberry, which announced its half-year results this morning. It implied job cuts with talk of “streamlining” the business, and told markets that retail sales and revenue dropped 17 per cent and 19 per cent, respectively. Its share price fell 10 per [...]
Are job cuts on the horizon at struggling luxury giant Mulberry? November 19, 2024 Struggling luxury brand Mulberry has announced it will streamline and rebuild the business as its profit continues to fall, signalling possible job cuts. Mulberry told markets this morning that UK retail sales fell by 14 per cent in the six months to September 28. Sales in Asia fell 31 per cent, while group sales overall [...]
Porsche 911 Targa by Theon Design review: Bright fantastic November 19, 2024 Back in the 1960s, Automobile Engineer magazine expressed its fear that dark paint colours made cars more dangerous. Shades such as grey and black, it reasoned, could transform a vehicle into a ‘camouflaged weapon’. The respected German car magazine Auto, Motor und Sport held a similar view. It suggested that sports cars should be [...]
New purist Porsche 911 Carrera T goes back to basics November 18, 2024 Want the purest Porsche 911 experience? The new 2025 Carrera T does without all-wheel drive or a towering rear spoiler. Instead, Porsche has gone back to basics, with an ‘emphasis on driving fun’. Most significantly, the PDK dual-clutch automatic gearbox is not available on the Carrera T – even as an option. Every car will [...]
Aston Martin Vanquish 2024 review: Veni, vidi, Vanquish November 15, 2024 Remember when Daniel Craig replaced Pierce Brosnan in the role of James Bond? Britain’s least secret agent was as sharp and urbane as ever, but a newly powerful physique lurked beneath his Savile Row suit. If Brosnan is the Aston Martin DB12, Craig is the new Vanquish. Positioned above the DB12 and replacing the DBS [...]