Luxury
Frasers Group acquires Harvey Nichols
Frasers Group has officially acquired the UK-based loss-making luxury department store chain Harvey Nichols out of administration, gaining control from businessman Dickson Poon
Capri Holdings lowers full-year revenue outlook
The US-based luxury group has lowered its revenue outlook for the 2027 financial year, citing inventory delays at Michael Kors, weaker trends in the EMEA region, and unfavourable foreign exchange rates
Ferragamo returns to profit
The Italy-based luxury group has returned to profitability in the first half of 2026, supported by an improved operational performance and stronger direct-to-consumer net sales
Prada reports solid first-half performance
Despite the ongoing geopolitical uncertainty, the Italy-based luxury group has reported a year-on-year revenue growth of 16% on a constant currency basis and 5% on an organic basis in the first half of 2026
Hermès posts solid first-half performance
The France-based luxury group posted a solid performance in the first half of the year, with sales growing across all markets except the Middle East
Kering returns to growth
The French luxury group saw a return to revenue growth in the second quarter, with Gucci and other luxury brands making sequential improvements. This suggests that Kering’s turnaround efforts are gaining traction
LVMH reports accelerating sales growth in the second quarter
Despite geopolitical and economic headwinds, including tensions in the Middle East, the France-based luxury group reported a solid first-half performance, with sales growth accelerating in the second quarter
Burberry reports a 5% growth in comparable sales in the first quarter
The luxury group reported a 5% year-on-year increase in comparable retail sales during the first quarter of the 2027 financial year, supported by continued strong demand for outerwear
Richemont starts the year on a positive note
The Switzerland-based luxury group reported a 20% year-on-year increase in sales at constant exchange rates in the first quarter of the 2026 financial year, supported by growth across all regions
Kering expands Academy for Excellence with education partnerships
The France-based luxury group has expanded its Academy for Excellence by collaborating with eight Italian educational institutions to train the next generation of luxury artisans
Burberry formalises partnership with Leeds Beckett University
The British luxury group has formalised its partnership with Leeds Beckett University and its BA Fashion Design course to demonstrate its commitment to nurturing emerging talent
HSG completes acquisition of majority stake in Golden Goose
HSG has completed its acquisition of a majority stake in Golden Goose, with Temasek and True Light Capital investing as minority shareholders. Permira will also remain a strategic minority investor
Saks Global secures court approval for bankruptcy restructuring
The US multi-brand luxury retailer has secured court approval for its restructuring plan. This positions Saks Global to emerge from Chapter 11 with almost 75% less debt and broad creditor support
Kering appoints Gianfranco D’Attis as CEO of Alexander McQueen
The France-based luxury group has appointed Gianfranco D’Attis as Chief Executive Officer of Alexander McQueen. He was most recently CEO at Prada
Capri Holdings returns to profitability despite annual revenue decline
Despite lower revenue, the US-based luxury group behind Michael Kors and Jimmy Choo has reported a return to profitability in fiscal 2026, reflecting gains from its strategic turnaround initiatives-
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