Tourists’ return boosts sales at Italian luxury fashion house Zegna August 21, 2024 Sales at the UK arm of Italian luxury fashion house Zegna jumped by almost a quarter in 2023 thanks to the return of tourists following the Covid-19 pandemic. The division has reported a turnover of £30.7m for the 12 months, up from the £24.8m it posted for 2022. Newly-filed accounts with Companies House also show [...]
Valentino: Clothes swap campaign leads to UK sales success for luxury brand August 21, 2024 A campaign by global luxury fashion brand Valentino for shoppers to trade in their clothes in exchange for vouchers helped sales jump at its UK arm during 2023, it has been revealed. Valentino’s UK arm has reported a turnover of £38.9m for the year, up from £34.3m, according to newly-filed accounts with Companies House. The [...]
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Lamborghini Temerario has a 920hp V8 and revs to 10,000rpm August 20, 2024 Lamborghini has used Monterey Car Week to reveal its replacement for the Huracan – and bid farewell to the naturally aspirated V10 engine. The Lamborghini Temerario becomes the Italian marque’s new ‘junior’ supercar, slotting into the range beneath the V12 Revuelto. As per long-standing Lamborghini tradition, the Temerario is named in honour of a famous fighting [...]
The Gleneagles Hotel owner significantly cuts loss after ‘strong year’ for Ryder Cup host August 20, 2024 The company behind The Gleneagles Hotel in Scotland significantly cut its pre-tax loss during its latest financial year, it has been revealed. The business, which also includes the likes of Maison Estelle and Gleneagles Townhouse, has reported a pre-tax loss of £3.7m for the 12 months to March 31, 2024, according to newly-filed accounts with [...]
Bremont slumps further into the red despite Bill Ackman investment in luxury watch brand August 12, 2024 British luxury watch brand Bremont slumped to a loss of more than £14m in the year American billionaire hedge fund manager Bill Ackman became a minority investor, it has been revealed. The Oxfordshire-based business has reported a pre-tax loss of £14.3m for the year to June 30, 2023, according to newly-filed accounts. The results, which [...]
Can the poshest wellness retreat in Thailand cure me? August 10, 2024 Thailand has kind people and a vast history of traditional wellness. But can it cure a tired Millennial? Adam Bloodworth finds out A textbook Bangkok afternoon: the sun is doing its darnedest to incinerate anyone who dares go outside, but luckily I’m indoors, laying in a bath with a towel covering my modesty. Chernkwan, a [...]
Big winners at the WineGB Awards, from Chapel Down to Langham August 8, 2024 As a patriotic wine lover there are few afternoons more exciting and uplifting than the WineGB Awards. We are smashing it when it comes to creating world class bottles and this year was remarkable for the British regions producing exceptional at award-winning levels. Wines from no less than 13 countries won trophies this year, with [...]
Orient Express and Royal Scotsman owner Belmond still in the red despite sales rise August 6, 2024 The UK arm of the company that runs the Venice Simplon-Orient Express increased its sales but saw its pre-tax loss widen during 2023, it has been revealed.
Firmdale: Record year for luxury London and New York hotel group amid expansion plans August 5, 2024 Turnover at the group behind luxury hotels in London and New York edged to almost £200m during its latest financial year, it has been revealed.