The Japanese beauty giant confirmed on Friday that it is in negotiations with CVC to sell the investment fund its personal care business, the value of which is reported to be over $1.45 billion.
‘Vaccination no shot in the arm for UK consumer confidence’ is Friday’s telling headline from GfK’s economic reading for January that reflects a less optimistic view from a population stuck in winter lockdown.
December’s official retail sales on Friday drew a line under what was a disastrous year for retailing and especially for fashion, although the month itself was relatively buoyant in the circumstances.
John Lewis Partnership said Friday that trading during the peak shopping season, which included Black Friday and the Christmas period, “held up better than anticipated”.
Losses widened at Victoria Beckham’s fashion company, despite rising sales, in the year before the pandemic as it invested in its beauty launch, results due to be filed at Companies House have shown.
The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
British consumer goods giant Unilever pledged Thursday to pay workers in its supply chain a decent wage by the end of the decade, warning that the coronavirus pandemic has deepened social inequality.
The UK’s outbound cross-border e-commerce rose as much as 57% last year and the peak festive trading month, November, saw an increase of 42% year-on-year as well.
Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
EU antitrust regulators have sought information from advertisers regarding Google's advertising technology practices, a European Commission document seen by Reuters shows.
White Stuff has become the latest UK retailer to launch a review of its store portfolio with PHD Property looking at its 115 UK shops, which are currently shut due to the latest lockdown.
Richemont’s third quarter — the all-important three months to the end of December — saw sales rising only 1%, although currency-neutral, they were up a healthier 5%, despite the “continuously volatile environment”.
Burberry saw another round of retail sales falls in Q3, with Europe and the Americas still being hit hard. But it said China, Korea, leathergoods, outerwear and full-price sales all headed in the right direction.
The knock-on effect of the pandemic on its tenants has hit commercial property giant Hammerson - which owns the Bullring among other major malls - pretty hard.
In 2020, in the midst of a health crisis, beauty and wellness brand Rituals will have inaugurated a 1,500 square metre flagship store and around 40 other stores. This strategy has enabled it to maintain modest growth.
