The Financial Ombudsman Service has dismissed new submissions from investors asserting they were duped by the financial collapse of the luxury jeweller Vashi. This latest development has left investors frustrated,
Luxury Goods
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Burberry has demonstrated a robust performance, with sales in China doubling over the Christmas period. This surge can be attributed to a marketing strategy that resonates particularly with Generation Z
Fortnum & Mason has reported a robust performance, highlighting resilience in a challenging retail environment. The UK’s oldest department store experienced a sales increase of 5 per cent, reaching £239
Daylesford Organic, the upmarket farm shop owned by Baroness Bamford, has signalled concerns that affluent consumers may be preparing to reduce their spending. The Cotswolds-based retailer, which caters to the
The luxury leather goods manufacturer Smythson, which holds a royal warrant, has significantly reduced its financial losses following a comprehensive restructuring that included the closure of its flagship New Bond
Sothebys and Christies, two of the most influential auction houses in the world, are forecasting a reversal of fortune in the global art market after a prolonged downturn. Sothebys, headquartered
Burberry has reported its first quarterly sales growth in two years, bolstered by a significant recovery in the Chinese market and renewed interest from younger consumers seeking authentic British luxury
The chief executive of Mulberry, Andrea Baldo, has sounded the alarm over what he describes as an “unfair” tax burden that is hampering Britain’s prospects, as the luxury sector contends
Shares in Aston Martin Lagonda dropped over 8 per cent following a profit warning that marks yet another challenging year for the iconic British carmaker. After suffering a series of
Giorgio Armani, one of fashion’s most enduring legends, has left the industry in shock by permitting the sell off of his iconic €23 billion business in his will. The renowned
Taxpayers could save billions each year if the Motability scheme limits access to luxury vehicles and prioritises second-hand cars for claimants, new analysis suggests. Concerns are mounting over the rapidly
The Swiss watchmaker Swatch has abruptly withdrawn a global advertising campaign after sparking fierce criticism in China. The campaign featured an Asian model pulling at the corners of his eyes—a
Spending by British shoppers in the European Union has soared to record levels, with figures showing a more than fivefold increase in VAT free purchases over four years. Data from
New figures are revealing the resurgence of the so-called lipstick effect, as Britons embrace modest luxuries in the face of continued financial pressure. The latest data from market analysts Circana
Luxury retailer Fortnum & Mason has unveiled ambitious plans to establish its first UK stores beyond London’s boundaries, responding to growing consumer demand for their premium offerings. Chief Executive Tom
Harvey Nichols, the historic British luxury retailer, has announced plans to discontinue its food and hamper divisions as part of an ambitious strategy to return to profitability. The decision is
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