Christmas sales fail to shine
Jeweller-to-the-stars Theo Fennell said disappointing Christmas sales would hit annual results after fewer shoppers visited its stores.
The group – whose customers have included Elton John, Victoria Beckham and Lady Gaga – saw a slump in customers over the all-important festive period as poor consumer confidence took its toll on luxury spending.
Fennell said the weak Christmas trading would leave full-year results materially below management expectations, but it hoped ongoing action to cut costs would help limit losses.
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