Mappin & Webb seeks to become Lord of the Rings January 16, 2011 LUXURY jeweller Aurum Holdings has posted strong Christmas trading results, despite taking a significant hit due to extreme weather conditions. The company, whose portfolio includes high street retailers Mappin & Webb and Goldsmiths, saw like-for-like sales for the five weeks to January 9 increase by 14.5 per cent. The results were boosted by a soaring [...]
SHOPPING ON WEB HITS £3K A SECOND November 28, 2010 ONLINE sales of £3,000 per second will be made on Visa cards today, totalling £265m, according to the company. Visa has coined today Mega Monday, as internet shoppers click through their Christmas shopping lists. Many will have received their November pay packages and be looking for cheap deals online. Sales are expected to peak at [...]
M&S poaches Tesco’s online guru Wade-Gery February 7, 2011 Upmarket retailer Marks & Spencer has poached Laura Wade-Gery from supermarket group Tesco to head its internet business, underscoring new boss Marc Bolland’s commitment to online sales growth. M&S, the UK’s biggest clothing retailer, said Wade-Gery is to join as executive director of multi-channel and e-commerce at a time and on terms to be confirmed. [...]
LMVH sales up in luxury bounce back February 4, 2011 LVMH, the world’s biggest luxury group, posted forecast-beating fourth-quarter comparable sales boosted by strong Christmas trading, and proposed a higher dividend on the back of a record year. LVMH, whose Louis Vuitton brand accounts for half of group operating profit, said like-for-like revenue rose 13 per cent in the last quarter of 2010, beating analyst [...]
LMVH sales up in luxury bounce back February 4, 2011 LVMH, the world’s biggest luxury group, posted forecast-beating fourth-quarter comparable sales boosted by strong Christmas trading, and proposed a higher dividend on the back of a record year. LVMH, whose Louis Vuitton brand accounts for half of group operating profit, said like-for-like revenue rose 13 per cent in the last quarter of 2010, beating analyst [...]
3i doubles its investments January 27, 2011 3I RAMPED up investments in the final quarter of last year to hit a total of £510m in the last nine months of 2010, the listed private equity firm said yesterday. The figure was more than double the investment made in the same period in 2009, its interim management statement said. Buyout deals made up [...]
3i doubles its investments January 27, 2011 3I RAMPED up investments in the final quarter of last year to hit a total of £510m in the last nine months of 2010, the listed private equity firm said yesterday. The figure was more than double the investment made in the same period in 2009, its interim management statement said. Buyout deals made up [...]
TRAVEL NOTES November 28, 2010 Family Christmas in Gleneagles Don’t miss this offer at Scotland’s most romantic hotel. Highlights include skating lessons taken by former Olympic coaches, fireworks on Christmas Eve and sumptuous food. A children’s activity programme, surprise visits from the elves on Christmas Eve and of course Santa Claus himself on Christmas Day. Prices from £3,085 for three [...]
HMV shares dive as profit warning hits January 5, 2011 SHARES in HMV Group plunged by more than a fifth at one stage yesterday as it issued a profit warning while admitting that it was struggling to meet the terms of a loan covenant. The music and DVD retailer – which also owns Waterstone’s bookshops and a string of live venues – plans to close [...]
HMV shares dive as profit warning hits January 5, 2011 SHARES in HMV Group plunged by more than a fifth at one stage yesterday as it issued a profit warning while admitting that it was struggling to meet the terms of a loan covenant. The music and DVD retailer – which also owns Waterstone’s bookshops and a string of live venues – plans to close [...]