Harrods passes £1bn mark as Qatari owners get £180m pay day despite falling profit September 2, 2024 Sales jumped to £1bn at the company behind luxury department store Harrods during its latest financial year, but profit was slashed over the same period, it has been revealed. The London icon posted a turnover 8.2 per cent higher for the year to 3 February, 2024, according to newly-filed accounts with Companies House, compared to [...]
The Savoy Hotel feels the pinch as London’s luxury market gets even more competitive August 28, 2024 The Savoy Hotel is feeling the impact of an increase in competition in London’s luxury hotel market after its pre-tax loss widened during 2023, it has been revealed. The hotel has reported a loss of £17.9m for its latest financial year, having also made a pre-tax loss of £12m in 2022, according to newly-filed documents [...]
Kurt Geiger: London luxury brand enjoys Taylor Swift Eras Tour boost amid record handbag sales August 28, 2024 A surge in demand for denim handbags and footwear linked to Taylor Swift‘s global Eras Tour have helped sales at luxury brand Kurt Geiger jump by 35 per cent since the start of its latest financial year. The London-headquartered business said that Western and Americana-themed products have helped boost its turnover further between February and [...]
Venice Film Festival: An insider’s guide to all the gossip, parties and deals August 27, 2024 The 81st Venice Film Festival kicks off tomorrow and it’s set to continue its legacy as a hotbed of dealmakers, party goers and luxury brand sponsorship. Our man on the inside gives the lowdown on what to expect this time around. “The Ghost with the Most is Back” proclaim the Venetian billboards for Tim Burton’s [...]
Dolce & Gabbana falls to fifth UK loss in a row as sales continue to fall August 27, 2024 The UK arm of Dolce & Gabbana made a pre-tax loss for the fifth year in a row as its sales were also cut. The division, which is headquartered in Worthing, has reported a pre-tax loss of £2.1m for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House. The figure [...]
Tourists’ return boosts sales at Italian luxury fashion house Zegna August 21, 2024 Sales at the UK arm of Italian luxury fashion house Zegna jumped by almost a quarter in 2023 thanks to the return of tourists following the Covid-19 pandemic. The division has reported a turnover of £30.7m for the 12 months, up from the £24.8m it posted for 2022. Newly-filed accounts with Companies House also show [...]
Valentino: Clothes swap campaign leads to UK sales success for luxury brand August 21, 2024 A campaign by global luxury fashion brand Valentino for shoppers to trade in their clothes in exchange for vouchers helped sales jump at its UK arm during 2023, it has been revealed. Valentino’s UK arm has reported a turnover of £38.9m for the year, up from £34.3m, according to newly-filed accounts with Companies House. The [...]
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Lamborghini Temerario has a 920hp V8 and revs to 10,000rpm August 20, 2024 Lamborghini has used Monterey Car Week to reveal its replacement for the Huracan – and bid farewell to the naturally aspirated V10 engine. The Lamborghini Temerario becomes the Italian marque’s new ‘junior’ supercar, slotting into the range beneath the V12 Revuelto. As per long-standing Lamborghini tradition, the Temerario is named in honour of a famous fighting [...]
The Gleneagles Hotel owner significantly cuts loss after ‘strong year’ for Ryder Cup host August 20, 2024 The company behind The Gleneagles Hotel in Scotland significantly cut its pre-tax loss during its latest financial year, it has been revealed. The business, which also includes the likes of Maison Estelle and Gleneagles Townhouse, has reported a pre-tax loss of £3.7m for the 12 months to March 31, 2024, according to newly-filed accounts with [...]