Selfridges has attributed a notable decline in revenue to the repercussions of abolishing tax-free shopping for international visitors in Britain. The retailer, which operates flagship stores in London, Birmingham and
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Victoria Beckham’s fashion and beauty empire surpassed £100 million in annual revenues for the first time in 2024, according to the latest company accounts, yet continued to operate at a
The luxury fashion landscape witnessed a seismic shift as Prada Group announced its acquisition of Versace for €1.25 billion, marking a significant consolidation in Italian haute couture. The move has
The luxury goods sector in the United Kingdom is increasingly looking towards North America as a vital market for expansion. High-end British brands are discovering that affluent American consumers hold
The renowned British wax jacket manufacturer J Barbour & Sons has announced its controlling family will receive a £30 million dividend following a remarkable surge in annual profits, which rose
British luxury automaker Aston Martin Lagonda continues to face significant operational challenges, with the company reporting persistent losses and declining performance across key metrics. The iconic manufacturer is currently consuming
In a stark reflection of its recent financial woes, British luxury brand Burberry is poised to lose its place in the FTSE 100 index. The quarterly shake-up of the index,
