Luxury goods sector

Burberry

Burberry’s turnaround chief plans £40m cuts and ‘scarf bar’ rollout

Burberry has unveiled a £40m cost-cutting programme as its new chief executive pledged to “stabilise the business” with a turnaround plan aimed at reviving the fortunes of the ailing...
Asia Pacific

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

Shares in luxury goods brands slumped after Louis Vuitton’s LVMH reported an unexpected fall in third-quarter sales amid...
Business

Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Mike Ashley’s Frasers Group has filed a possible £83m offer to buy the luxury brand Mulberry as it...
Burberry

Can Burberry fix its tattered image after chequered patch?

Whether we’re back to boho chic or donning waistcoats, the trend for Burberry’s share price has been downwards...
Climate crisis

‘Profit is being prioritised over climate action’ – British fashion is falling behind on sustainability

In just over a fortnight, some of the UK’s biggest fashion brands will showcase their new collections at...

Victoria Beckham losses shrink as sales soar 50% at fashion brand

Beauty Trustnews Trustnews -
Victoria Beckham’s fashion and beauty business narrowed its losses last year as sales soared by 52% to £89m. The company said sales rose online, at...

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