Tag: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...

Trustnews - November 14, 2024

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 China’s economic slowdown.Shares in LVMH, which...

Trustnews - October 16, 2024

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 expressed concerns about the future of...

Trustnews - September 30, 2024

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 since last year, leaving the British...

Trustnews - August 31, 2024

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 London fashion week. Organised by the...

Trustnews - August 28, 2024

Beauty

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

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...

Trustnews - August 28, 2024