The luxury brand Mulberry reports increased losses and plans a strategic overhaul under new CEO Andrea Baldo.Mulberry’s losses for the half-year widen to £15.7 million, reflecting…
Browsing: luxury market
Alexandre Arnault, son of Bernard Arnault, steps into a significant role within LVMH as part of a strategic leadership transition.Currently involved with Tiffany, Alexandre Arnault will…
Frasers abandons its £111m takeover bid for luxury brand Mulberry, citing lack of board engagement.Mulberry’s board rejects Frasers’ improved 150p-per-share offer, prioritizing business performance.Frasers demands a…
Watches of Switzerland, Britain’s largest Rolex seller, is being advised to move its primary stock listing to the US.Investor Gatemore sees London’s market as less favorable…
Frasers Group has proposed an £83 million takeover plan for Mulberry, amid financial difficulties faced by the luxury brand. The offer comes with a series of…
LVMH, the renowned French luxury conglomerate, has reported a decline in financial performance for the first half of 2024. The group’s revenue for this period reached…
Chris Wootton, the CFO of Frasers Group, shares insights on the company’s strategic positioning amidst the current luxury market challenges.Despite a reported 13.1% rise in adjusted…
The exit of Yoox Net-A-Porter (YNAP) from the Chinese market marks a strategic shift, focusing on profitability.The decision follows the termination of a strategic partnership with…