BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.
Shaftesbury, the West End property giant that's in talks about a merger with Capco, has reported what might be its last set of results before a merger is unveiled with footfall up and its portfolio value growing.
Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.
UK health & beauty retailer Superdrug has launched its ‘Shop Smart’ campaign in partnership with poverty campaigner and activist Jack Monroe, to help customers navigate the growing cost of living crisis.
Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Grosvenor has delivered a significant improvement in its financial performance in the latest year. The group owns vast tracts of land in key area like London’s Mayfair, as well as the Liverpool One mall.
Staff from 100 of the biggest retailers operating in Britain, including ASOS, H&M, New Look and Superdrug, have taken part in the first wellbeing festival for retail workers run by industry charity the Retail Trust.
Global beauty giant L'Oréal is finalizing the acquisition of Byredo, backed by British fund Manzanita Capital, the owner of Diptyque and Malin+Goetz, according to a report from French newspaper Le Figaro.