Watches of Switzerland: Shares crater 30 per cent as demand for luxury flattens January 18, 2024 Shares in Watches of Switzerland have fallen by over 30 per cent after the luxury watch maker warned on its earnings for the year. . In an update, the Rolex seller said that it was bruised by “challenging macroeconomic conditions” over Christmas which impacted consumer spending in luxury retail. It now expects revenue for the [...]
London’s tourist tax: Struggling luxury brands LVMH, Mulberry and Burberry have other problems, too January 17, 2024 Mulberry has fallen out of fashion with investors as shares slumped over four per cent this morning, with the luxury retailers expressing growing concerns about flattening sales and the tourist tax. The British fashion house, best known for its leather handbags, has had around £3bn wiped off its market value in the last five months [...]
Mulberry blames tourist tax and slowdown in luxury demand for falling sales January 17, 2024 British fashion house Mulberry has blamed a slowdown in demand for luxury spending for a nine per cent decline in sales over the golden quarter.
Burberry shares crater after luxury goods profit warning January 12, 2024 Burberry now expects adjusted operating profit for the financial year ended 30 March 2024 to be in the range of £410m to £460m.
Cádiz, the place to be, the place to invest January 10, 2024 Cádiz: a top investment destination in southern Spain Thomas Jefferson once said: “If you want something you have never had, you must do something you have never done.” This phrase perfectly describes the spirit of the proposal we introduced from the region of Cádiz to the European and global business and investment world on November [...]
Claridge’s back in black after seven-year rebuild as tourists flock back to London December 18, 2023 The Mayfair luxury hotel in Brook Street saw revenues more than double to £98.1m in 2022
Zero growth Britain? A wake up call to make our taxes competitive December 18, 2023 Britain must invest in its own innovative enterprises if it wants to keep competing on the world stage, writes Lubov Chernukhin
Oxford Street revival to ‘peak’ next year as West End recovers from candy store scourge December 12, 2023 Sam Foyle, director of retail at Savills said that everyone has been looking at the street “really positively” and there are currently 15 deals from businesses under offer at the moment.
The Divine Madman of Bhutan and his legacy of many penises December 4, 2023 I knew two things about Bhutan before landing: there are no traffic lights in the entire country, and happiness comes before anything else. I had no idea that some of the buildings have penises. Bhutan is a mysterious, historically-hermitted nation high in the Himalayas, which, thanks to geographic and governmental hurdles remains one of the least [...]
David Brown Mini eMastered review: British icon goes electric December 4, 2023 Tim Pitt takes on London traffic in the David Brown Mini eMastered, an electrified classic that is tailor-made for the city.