The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering-owned label, according to an internal video message seen by Reuters.
The pharmaceutical retail group has taken a minority stake in the monthly beauty subscription service, announcing plans for a partnership that will see Birchbox shops appearing in Walgreens locations from December.
Amazon said on Tuesday it will increase hourly pay rates for warehouse workers in the U.S. and UK, but the UK’s GMB Union has voiced its concerns, saying the firm's simultaneous scrapping of bonuses will harm workers.
Molton Brown will be making a big play for the fragrance market next year and is set to launch new Eaux de Parfum as it rebalances a portfolio currently geared more towards toiletries/bodycare and home fragrances.
Luxury’s strength was prominent in the latest Interbrand ranking of the Best Global Brands Thursday, but even the biggest names couldn’t rival digital when it came to the brands that are key for consumers.
Ted Baker continues to power ahead in e-tail but the hot summer hurt its retail stores and the company admitted the environment is still challenging, although it remains one of the top performers in the fashion sector.
Shares of Australia’s Myer Holdings jumped 8.8% after its largest shareholder Premier Investments Ltd, chaired by billionaire Solomon Lew, asked Myer for a list of its owners, fuelling speculation of a takeover offer.
The NYC-based luxury brand announced on Wednesday that it has committed to going fur free starting 2019, joining a growing list of fashion and luxury labels ditching fur under mounting pressure from campaigners.