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 [...]
Weak demand for cognac and spirits pulls down LVMH, Diageo and Pernod April 15, 2025 Weak demand for cognac and spirits has sparked a sell-off of LVMH shares and a dip for other listed luxury brands. Shares in LVMH fell 7.25 per cent in early trade, causing the fashion behemoth to lose its crown to Hermes as the world’s most valuable luxury company. Shares in London spirits maker Diageo and [...]
City broker downgrades outlook for luxury stocks LVMH, Burberry and Richemont April 9, 2025 City broker Deutsche Bank has downgraded the target share price for a host of luxury companies as the impact of Trump’s tariffs starts to filter through analyst forecasts. The broker rated Richemont, LVMH, Moncler and Kering a ‘Hold’, downgrading the share price for each company. “The direct impact of the tariffs is not a huge [...]
Stella McCartney: Fashion brand suffers sales slump amid huge loss March 11, 2025 Sales at Stella McCartney’s fashion brand were slashed almost in half as its losses widened by £15m in the year before the designer bought out LVMH, it has been revealed. Accounts filed almost six months after the Companies House deadline show Stella McCartney Ltd’s turnover was slashed from £40m to £21.9m in 2023. The accounts [...]
Retail stocks: Luxury pulls ahead while fast-fashion brands Asos and Primark lag February 20, 2025 Luxury stocks have started to outperform high streets brands once again as investors bet on a luxury upswing. Brands which struggled last year – like Burberry and Kering – are bouncing back, while brick-and-mortar reliant firms like Primark are struggling. The ten largest luxury retailers by market cap have seen their stock price rise by [...]
Stella McCartney buys back LVMH stake in her eponymous fashion brand January 28, 2025 Stella McCartney has bought back LVMH’s 49 per cent stake in her fashion brand, which the luxury giant has held for five years. McCartney will continue to advise LVMH chief Bernard Arnault and the group’s executive team on sustainability issues as global ambassador on sustainability. “This new chapter for Stella McCartney reflects her desire to [...]
Paris 2024 Olympic medals to be replaced after they flake and rust January 21, 2025 Red-faced Olympics chiefs have pledged to replace defective medals from the Paris 2024 Games after more than 100 athletes complained that they have begun to flake and rust. Just days after the closing ceremony, disgruntled athletes began sharing pictures of their damaged medals on social media and demanding they be replaced. American skateboarder Nyjah Huston [...]
Luxury stocks boom as Richemont kicks off reporting season with a bang January 16, 2025 Luxury stocks across the world have been given a boost by Cartier-owner Richemont’s booming sales figures this morning. Richemont’s report, the first set of luxury results covering the festive season, indicated that the luxury market may finally be recovering from a slowdown that has lasted nearly two years. Revenue from jewellery, Richemont’s biggest division, rose [...]
Sport sponsorship: Best deals, who’s investing and 2025 growth January 5, 2025 As 2025 kicks off, the sports sponsorship landscape is brimming with opportunity. New trends are emerging and the environment is ripe for seasoned sponsors to make bold investments promoting new brand offerings. With Premier League clubs preparing for life after gambling sponsors and athlete-driven media platforms gaining traction, the industry is undergoing a transformation that [...]
Ratcliffe, IPL and Littler: The City AM Sport 2024 year in review December 31, 2024 It was the year that was in sport; when iconic athletes retired, major brands made fascinating choices and one pole vaulter was knocked out of the Olympics because of his hefty package. The 12 months that made up 2024 weaved the retirement of cricketer James Anderson with the iconic breakdancer Raygun, it saw a German [...]