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22.08.26 - 14:12
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′Penchant for bling′: can Sports Direct′s Mike Ashley take a bigger slice of luxury retail? (The Guardian)
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Frasers billionaire bought Harvey Nichols and increased Hugo Boss stake despite tough times for high-end storesWhat billionaire doesn't love to splash the cash on a luxury item? Some may buy watches or yachts, but Sports Direct founder Mike Ashley has been snapping up entire brands.Harvey Nichols is the latest bauble to drop into his shopping basket after his company bought the Knightsbridge department store out of administration earlier this month. It sits beside a large slice of Hugo Boss, a chunk of Mulberry, a snippet of Burberry, the remains of Agent Provocateur and the entire Flannels and House of Fraser chains. Continue reading......
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27.07.26 - 01:00
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Burberry sales jump: Are luxury goods back in fashion in China amid tech wealth? (SCMP)
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Luxury brands including Burberry and Cartier posted robust sales growth in China in the latest quarter until late June, and analysts believe the uptick might be due to the country's strong asset market, leading to improved consumer sentiment.
British luxury brand Burberry saw 5 per cent year-on-year sales growth to £455 million (US$606 million) in the first quarter of fiscal 2027 ending June 27, led by continued strength in the Americas and Greater China, the company said in its quarterly......
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17.07.26 - 09:30
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Burberry Group Q1 Retail Revenue Improves (AFX)
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LONDON (dpa-AFX) - Burberry Group PLC (BRBY.L), a British maker of luxury clothing, footwear, and others, on Friday posted a rise in retail revenue for the first quarter of fiscal 2027, due to imp......
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17.07.26 - 09:00
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Global tech stocks fall as chip sell-off deepens; Burberry sales boosted by gen Z shoppers – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsJim Reid at Deutsche Bank says that the Japanese Nikkei index is now on course for its worst day in more than three months.The Nikkei is currently likely on course for its worst day since March, and also leaves the index on track for technical correction territory, having now shed over 12% since its peak less than a month ago.There wasn't a single catalyst behind the selloff, but we had TSMC's earnings shortly after we went to press yesterday, and their share price is down -5.26% this morning after they said that capital expenditure would be higher than previously forecast.TSMC's focus on increased capex raised market concerns around valuations and the returns on capex. The sector has been under pressure with position unwinds as it was one of the most crowded sectors in the market in June.In our view, the market moves have been driven by high expectations and position unwinds rather than underwhelming earnings. Our positioning indices suggest th...
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