Bottega Veneta returns to the black amid interest rate and inflation woes October 4, 2024 The UK arm of Italian luxury fashion house Bottega Veneta returned to the black in 2023 despite the cot-of-living crisis cutting into its sales. The West Sussex-headquartered division has posted a pre-tax profit of £336,007 for its latest financial year, according to newly-filed accounts with Companies House. The total comes after the business reported a pre-tax [...]
Brioni: Harrods sales fail to stop cost-of-living crisis slashing profit October 4, 2024 Profit at the UK arm of Italian menswear luxury fashion house Brioni was slashed in 2023 despite its sales at Harrods helping to boost its overall turnover. The London-headquartered division has posted a pre-tax profit of £79,230 for the 12 months, down from the £370,533 it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover [...]
Public opinion of Harrods craters following claims against Al Fayed October 3, 2024 Yougov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. On 19 September, the BBC aired a documentary in which more than 20 female ex-employees of Harrods made abuse allegations against Mohamed Al Fayed. Since the original broadcast, 200 more women have come forward with claims against the luxury [...]
Harrods boss admits after Mohamed Al Fayed allegations: ‘We failed our colleagues’ September 26, 2024 The current managing director of Harrods has apologised and said the business “failed our colleagues” following sexual misconduct allegations about former owner Mohamed Al Fayed. Michael Ward said in a statement that it is clear Mr Al Fayed “presided over a toxic culture of secrecy, intimidation, fear of repercussion and sexual misconduct”. Mr Ward, who [...]
Regulator warns firms of new duty to protect workers from sexual harassment September 26, 2024 From next month, employers must take reasonable steps to prevent sexual harassment of their workers, warned the Equality and Human Rights Commission
Bulgari: ‘Stagnant UK economy and the lack of tourists’ force luxury brand into the red September 25, 2024 An uptick in the sale of high-end jewellery and watches failed to stop the UK arm of Bulgari falling into the red during its latest financial year. The London-headquartered division, which is part of the LVMH Group, said that while its overall turnover declined in 2023, it still expects the sale of jewellery and watches [...]
Mohamed Al-Fayed scandal: Harrods and Met Police may be hit with legal action September 23, 2024 London's luxury story Harrods and the Metropolitan Police may be hit with legal action following the revelations of allegations against the former billionaire boss
Harrods bosses should be questioned over Al Fayed ‘collusion’, says ex-employee September 21, 2024 Some Harrods bosses should be questioned over “collusion” with alleged misconduct by Mohamed Al Fayed, a former employee at the department store has said. Five women alleged they were raped by Al Fayed, the former owner of Harrods who died last year at the age of 94, with a number of others alleging sexual misconduct. [...]
Is the party for fashion rental over? September 19, 2024 Fashion rental was once touted as the industry's next big thing, but has the lustre faded, asks Anna Moloney.
Knoops: Drinking chocolate chain eyes £5m boost after more than doubling sales September 17, 2024 Knoops is looking to raise an extra £5m to fuel its continued expansion in the aftermath of its revenue more than doubling during its latest financial year. The London-headquartered drinking chocolate chain has reported a revenue of £9.3m for the year to 31 March, 2024, up from the £4.4m it posted for the prior 12 [...]