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Versace

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

    Retail

    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 [...]

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  • Michael Kors to lower prices as sales suffer huge hit

    Retail

    The UK arm of luxury fashion brand Michael Kors has revealed plans to lower its prices after suffering a significant hit to its sales. The division’s revenue took a 20 per cent hit in the year to 30 March, 2025, as it closed stores and it felt the impact of the cost-of-living crisis. Michael Kors [...]

    Designer Michael Kors walks the runway finale during Michael Kors Collection Spring/Summer 2025 Runway Show at The Shed on September 10, 2024 in New York City. (Photo by JP Yim/Getty Images for Michael Kors)

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