LONDON, United Kingdom — Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said annual profit fell 5.8 percent as consumers spent less on its fashion goods, even as food sales increased.

So-called underlying profit before tax fell to 665.2 million pounds ($1.01 billion) in the year ended March 30, the...

LONDON, United Kingdom — Martha ‘Marty’ Wikstrom, chief executive of fashion and accessories at Compagnie Financière Richemont, has resigned from her post, the luxury group announced today. Richemont is the Swiss parent company of fashion, jewellery and watchmaking companies including Dunhill, Chloé, Cartier and Piaget.

Pop star is to be a presenter at June 1 concert in London.

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LONDON, United Kingdom — Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.

Vuitton’s brand value declined 12 percent from a year ago to $22.7 billion, Millward Brown Optimor estimated in its 2013 BrandZ study. While the...