The Notebook: Susannah Streeter talks Brits’ love of brands, ready meals and Eurovision May 16, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of former journalist and now Hargreaves Lansdown’s head of money and markets Susannah Streeter. Our love of big brands helps fuel inflation fires Brand power is the much-lauded virtue of the world’s most successful companies. But this much-admired characteristic is partly [...]
Chanel dismisses IPO rumours as it eyes ‘pent up demand’ from consumers in China April 28, 2023 Chanel, one of the world’s biggest luxury brands, will remain private, after the French company’s boss dismissed IPO rumours. “We’re going to stay a private, independent company,” Leena Nair, chief executive of Chanel, told the Financial Times. “Rumours always float around, but you can put those to rest.” Nair, who joined the company in January [...]
Mulberry makes surprise chief executive change amid luxury spending struggles July 9, 2024 The luxury brand has suffered this year as wealthy shoppers continued to slow their spending.
Pandora confident it can dodge slowdown in luxury market November 12, 2023 The boss of Scandinavian jeweller Pandora has said he is increasingly positive about the company’s outlook as it heads into the crucial Christmas period despite the shine coming off the wider luxury goods sector. Speaking to the Financial Times, Pandora CEO Alexander Lacik said that his company has benefited from its relative affordability: “When people [...]
Mulberry continues to suffer on weak luxury demand May 1, 2024 Consumers have continued to spend on makeup and beauty goods but have reduced their spend on some luxury items like handbags.
Birkenstock share price slides 12 per cent in disappointing debut October 12, 2023 Birkenstock ended its first day of trade as a listed company down 12 per cent, making the frumpy shoes’ highly anticipated debut to the US stock market the worst stock market float in two years, analysts claim. Shares in the German sandal maker started trading at $41 (£33) a share, below its IPO price of [...]
Hammerson: Shopping centre giant secures refinancing for leading Dublin retail hub August 14, 2024 Shopping centre giant Hammerson arranged a €350m (£300m) loan for one of Ireland’s leading retail destinations, Dundrum Town Centre. The deal has been agreed with Pimco Real Estate, with its existing loan due to mature next month. Hammerson’s share of the new loan, which is repayable by September 2031, was €175m (£150m) with lenders for [...]
Christian Dior hails ‘great strength’ despite luxury slowdown hitting UK profit July 24, 2024 The UK arm of Christian Dior has said it showed "great strength" in the face of "continued economic and political volatility" which saw its profit dip during 2023.
Retail sales crash 3.2 per cent in December as struggling high street hits Covid-era low January 19, 2024 UK retail sales plummeted 3.2 per cent in December, well below analyst expectations and the largest monthly fall since January 2021 when coronavirus restrictions pushed down sales. Analysts had expected sales to fall by 0.5 per cent in the last month of the year, but a significant drop in both food and non-food store sales [...]
How fashion brands like Dior, Chanel and Louis Vuitton embraced Swiss watchmaking February 15, 2024 Once there were Swiss watches and there were 'fashion watches' – now the likes of Chanel and Dior are producing fine mechanical watches