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UK luxury retail

  • Harvey Nichols will collapse without rescue deal, directors warn

    Retail

    Harvey Nichols will collapse into administration if a rescue buyer is not found, directors of the luxury department store chain have warned. The retail empire will “cease trading” if it fails to agree a sale and no additional funding is found, the group’s directors cautioned in its latest accounts.  Harvey Nichols could find a buyer [...]

    Exterior view of the Harvey Nichols luxury department store building facade with prominent black lettering and ornate arch...
  • Stella McCartney: Losses widen as sales hit 15-year low

    Retail

    Losses widened at Stella McCartney’s fashion brand in the year the designer bought LVMH out of its stake as its sales fell to their lowest level since 2009, it has been revealed. New accounts filed with Companies House show that the firm’s pre-tax loss went from £25m in 2023 to £33.5m in 2024. Stella McCartney [...]

    Stella McCartney presenting her latest sustainable fashion collection at a high-profile industry event
  • Profit triples at Cartier owner as UK sales rise

    Retail

    Profit has almost tripled at the UK arm of the luxury goods giant behind the likes of Cartier, Net-a-Porter and Montblanc, new results have revealed. Richemont UK has posted a pre-tax profit of £30m for the 12 months to 31 March, 2025, according to its latest accounts which have been filed with Companies House. The [...]

    Elle Fanning attending a public event, dressed elegantly, showcasing her iconic style and poised demeanor amidst a crowd.
  • Breitling: UK sales slump by almost £20m at luxury watchmaker

    December 10, 2025

    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 [...]

  • Vivienne Westwood’s heirs bank £35m after record profit

    December 1, 2025

    The widower and heirs of the late Dame Vivienne Westwood have banked £35m after profit at the late fashion designer’s company surged to a new record. Vivienne Westwood passed away at the end of 2022 at the age of 81 leaving her husband Andreas Kronthaler and two children in control of her business interests. Kronthaler, [...]

  • Versace: UK sales slashed again as profit almost wiped out

    October 14, 2025

    Sales at the UK arm of fashion house Versace have been slashed by a fifth for a second consecutive year as the downturn in luxury spending continues. The division has reported a turnover of £15.2m for the 12 months to 31 March, 2025, new accounts filed with Companies House have revealed. The latest total is [...]

  • 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 [...]

  • Selfridges: Losses slashed despite revenue hit

    October 1, 2025

    Losses at luxury department store chain Selfridges have been slashed during its latest financial year despite its revenue taking a hit. The business, which has UK stores in London, Birmingham and two in Manchester, has posted a pre-tax loss of almost £16m for the 48 weeks to 4 January, 2025. The latest figure comes after Selfridges’ [...]

  • 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. [...]

  • 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 [...]

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