Retail Detail & Luxury (Swatch-AP collab backlash,  FT's Lux conference, Currys current trading)

Research evidence excerpt

Retail Detail & Luxury (Swatch-AP collab backlash, FT's Lux conference, Currys current trading)

Equity Research

19 May 2026

Retail Detail... and Luxury

Daily Retail and Luxury News (19

May 2026)

Swatch-AP collab backlash, FT's Lux conference, Currys UK Mid & Small Cap Leisure/Consumer

current trading NEUTRAL

European Food Retail

NEUTRAL

European General Retail

Morning's key headlines (more stories below) EMEANEUTRALInternet

Retail: POSITIVE

• **BARCLAYS RESEARCH: Dino - 1Q26 beat drives small EPS upgrades** European Luxury Goods & Specialty Retail

• Currys FY trading update - no Middle East impact seen yet. NEUTRAL

• Primark says ASOS DC interest was for C&C not home delivery. European Food Retail

• FT on the affordable fashion pieces loved by luxury shoppers. Matthew Clements

• H&M cuts Singapore roles as regional HQ moves to Malaysia. +44 (0)20 7773 6018

matthew.clements@barclays.com

Barclays, UK

Imogen Doyle

Luxury: +44 (0)20 7773 2605

• LVMH agrees sale of Marc Jacobs to WHP Global, G-III. imogen.doyle@barclays.com

• Swatch–Audemars Piguet collaboration faces backlash after chaotic launch. Barclays, UK

• Saint Laurent CEO flags customer retention to support Kering growth. European Luxury Goods & Specialty

• Dior signals caution on pricing. Retail

• Luxury brands increasing tennis partnerships. Viktoria Petrova

+49 (0)69 7161 1052

viktoria.petrova@barclays.com

BBI, Frankfurt

Carole Madjo

Barclays upcoming events +44 (0)20 3134 3168 carole.madjo@barclays.com

**ANALYST ACCESS: Barclays: Turnarounds take time? Burberry vs. Kering (19 Barclays, UK

May 2026)** Join Viktoria Petrova and Carole Madjo for a discussion on differences Filippo Croce

and similarities between the ongoing turnarounds at Kering and Burberry. +44 (0)20 3555 2994

filippo.croce1@barclays.com