Connect with us

Fashion

Versace UK hit by tough market in latest year

Published

on


Published



October 14, 2025

Versace UK’s latest accounts have been filed at Companies House and they show the business in decline for the 12 months to the end of March this year.

Versace – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Sales saw a “significant” decrease, dropping 21% after a 19% fall the year before, with the company saying this followed the trend of the wider luxury sector and of other companies within its group (although being bought by Prada in a €1.25 billion deal, at the time these results cover, it was part of Capri holdings, which also includes Michael Kors and Jimmy Choo).

But as well as the generally reduced global demand for luxury goods, it also cited a broader decline in UK retail sales. And it talked of increased cost pressures from inflation and higher wages that were impacting retail sentiment.

Despite all this, and considering the level of competition in the British retail sector, the group “continues to consider the UK market as a profitable business” overall and it closed the year with a solid balance sheet. In fact its current assets exceeded its liabilities by over £7 million compared to a figure of £5.3 million in the previous year.

So let’s look at the numbers. Turnover was £15.26 million, down from £19.2 million and gross profit declined to £6.57 million from £9.38 million. In percentage terms that was a fall to 43.08% from 48.84%. While the cost of sales also fell, sales per employee dropped to £331,643 from £349,072.

Operating profit fell to £280,981 from £302,875 and profit before tax was down to £36,269 from £112,895. The loss for the financial year was £275,802, a swing from a profit of £382,397 a year earlier.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Acne Studios opens first Thailand store in Bangkok

Published

on


Published



December 18, 2025

Acne Studios has opened its first standalone store in Thailand, opting for the Asian nation’s capital, Bangkok, to make its debut.

Inside the new Acne Studios Bangkok store – Courtesy

Located inside the city’s Siam Paragon shopping mall, nestled in the Siam shopping district, the new Acne Studios Bangkok store was conceived by the Swedish luxury fashion brand’s creative director Jonny Johansson and Swedish architecture studio, Halleroed.

Washed in the Stockholm-based brand’s signature light pink hue, the new store’s facade features pink granite, which extends to the interior flooring and a series of monolithic pillars, with matte plaster walls.

The minimalist space is punctuated by furnishings and fixtures by longtime collaborators, including seating by British furniture designer Max Lamb, alongside geometric stainless steel, including a metal payment desk, and strip lighting by the French artist, Benoit Lalloz.

Inside the new Acne Studios Bangkok
Inside the new Acne Studios Bangkok – Courtesy

“Together, this dialogue between materials, furnishings and lighting reaches what Johansson and Halleroed call an ‘unexpected harmony’ – a reflection of Acne Studios’ collections, which are rooted in ideas
of juxtaposition, creativity and play,” said the brand in a press release.

Inside, local shoppers will find Acne Studios Fall/Winter 25 looks from the men’s and women’s collections alongside shoes and accessories, and the brand’s new Camero bag.

To celebrate the opening, a limited-edition Acne Studios Loves Bangkok T-shirt will be available alongside a series of early Trompe L’œil drops.

The new Bangkok store opening comes on the back of Acnes Studios’ opening in Aoyama, Tokyo, strengthening the firm’s presence across the Asia-Pacific region.
 

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

LVMH CEO Arnault: Ask me again in 10 years about succession plans 

Published

on


By

Reuters

Published



December 17, 2025

LVMH CEO Bernard Arnault said he was hoping he would be able to make another ten years when asked about his succession ⁠plans for the world’s biggest luxury group. 

Reuterss

“Talk to ⁠me again in 10 years, I can give you a more ‍precise ‌answer,” Arnault, 76, told broadcaster CNBC ⁠in an ‌interview, referring to his ‌latest mandate extension, approved by shareholders earlier this year. 
“I hope … that I will make these ‍10 years,” he said. 

Commenting on the role of his five ‌children ⁠at ​the family-controlled luxury giant, ⁠Arnault ​gave little insight on who could take over the ​helm. 
“For getting responsibility, they have to merit the responsibility ⁠and to ⁠prove they can do it,” Arnault said. 

© Thomson Reuters 2025 All rights reserved.



Source link

Continue Reading

Fashion

Clarks debuts first Cloudsteppers US store in Corpus Christi, Texas

Published

on


Published



December 17, 2025

Last month, Clarks announced it was opening its first ever Cloudsteppers store in the US… and it’s duly arrived, with the Corpus Christi, Texas, store marking the UK footwear-to-apparel retailer’s next chapter for its standalone lifestyle brand. 

Cloudsteppers

It’s made its debut because UK-based Clarks says Cloudsteppers “has earned its reputation as America’s No.1 flip-flop brand for women, [citing Circana data], with over 25 million pairs of the iconic Breeze Sea sold globally”.

It’s all down to the “love for their signature ‘walk-on-air’ feel”, with Cloudsteppers products combining “lightweight comfort, dependable quality, and exceptional everyday value”.

It comes as a new 1,255 sq ft mall-based concept store with an immersive retail experience. The store’s choice of location, La Palmera, is “perfectly placed” in the beachside city “where laid-back comfort is part of everyday living”.

Designed as a “bright, welcoming space”, the store features Cloudsteppers’ first range of casual lifestyle essentials. With price points starting from $9.99, the range includes soft-touch T-shirts, hoodies, caps, bags and water bottles.

Previously focused on women’s styles, Cloudsteppers is also expanding into menswear. In the new year, it will stock a full men’s range – from sandals and sneakers to T-shirts, hoodies and more.

Peter Quirke, Clarks VP of Retail in the Americas, said: “Launching… as a standalone lifestyle concept is a major milestone for us. Cloudsteppers has really grown into its own in America.”

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Trending

Copyright © Miami Select.