United Kingdom
Burberry signs sustainability linked loan
The luxury group has refinanced its Revolving Credit Facility to a 300 million British pounds (358.9 million euros) sustainability linked loan, in coordination with Lloyds Bank
JD Sports improves full year outlook
The UK-based retailer improved its annual profit forecast for the second time in four months, underlining the positive performance during the holidays
Dr. Martens’ main shareholder sells part of its shares
The Luxembourg company IngreLux, owned by funds advised by the private equity firm Permira, has announced that it has sold 65 million of its ordinary shares, at the price of 4.73 euros
Capri on the way to achieving full LWG certified sourcing
The group has said in its 2021 corporate social responsibility report that 85% of the leather sourced by its brands came from Leather Working Group (LWG) gold and silver-rated tanneries
UK: Plan B impacts footfall negatively
The Plan B enacted by the UK's Government to fight the new wave of the COVID-19 pandemic will lead to a significant drop in footfall, especially in central London
Farfetch buys luxury release platform Luxclusif
The luxury e-commerce platform has announced the acquisition of the resale platform Luxclusif. The deal includes Luxclusif’s technology and its team, which will join Farfetch's group
Dr. Martens posts revenue growth
The iconic footwear brand reported strong performance in the first half of fiscal 2022, driven by retail recovery and sustained e-commerce growth
UK: consumer confidence improved in November
According to the GfK's Consumer Index, consumer confidence in the UK grew by three points in November, on a comparable basis to the previous month, despite concerns over surging inflation
Farfetch partners up with Clipper Logistics
The luxury platform has established a joint venture with the lead provider of e-fulfilment and returns management services to offer a global e-commerce fulfilment solution for luxury brands
UK retail sales picked up in October
According to the UK’s Office for National Statistics (ONS), October retail sales volumes increased for the first time in six months in October 2021, most likely due to early Christmas shopping
Farfetch posts revenue increase
The luxury e-commerce platform has announced results for the third quarter of 2021. Revenue increased by 33.1%, reaching 582.6 million US dollars, as compared to the same period of 2020
Burberry reports revenue growth
The UK-based luxury group has announced the results for the first half of fiscal 2022. Revenue returns to pre-pandemic levels, as full-price sales grow at a double-digit percentage
UK: consumer spending increases by 14.2%
Despite the backdrop of inflation concerns and rising household bills, overall consumer card spending grew by 14.2% in October, compared to the same period in 2019. The latest update comes from Barclaycard
Pentland launches new 100-1-0 sustainability strategy
Sportswear group Pentland Brands has set three targets to be reached by 2032, the year marking the group’s 100-year anniversary. These are part of the group's sustainability initiative
Clarks CEO leaves after less than a year in the role
Víctor Herrero will now join Australian jewellery group Lovisa. The Melbourne-based group announced the appointment, saying Mr. Herrero would come on board as soon as COVID19 restrictions allowed-
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