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Very Group consolidates retail teams

Very Group consolidates retail teams

​Four becomes two. The Very Group has created a new two-tier retail operations division, consolidating and simplifying its current four-division structure. The reshuffle means fashion director Emma Alexander is to leave.
Fashion
Givaudan will pass on higher costs to customers after FY profit miss

Givaudan will pass on higher costs to customers after FY profit miss

Swiss fragrance and flavour maker Givaudan on Friday said it would pass higher costs on to customers this year after posting a weaker-than-expected rise in net profit and dividend for 2021.
Beauty
H&M focuses on future growth as sales and profits soar

H&M focuses on future growth as sales and profits soar

​H&M had good news on Friday as it reported results to the end of November. It said it’s back to pre-pandemic levels and is fully focused on growth with ambitious plans to double its sales by the end of the decade.
Fashion
Farfetch buys Violet Grey ahead of deep dive into beauty later this year

Farfetch buys Violet Grey ahead of deep dive into beauty later this year

Luxe fashion e-tailer Farfetch has big beauty ambitions and is to launch the category on its marketplace this year. Ahead of that, it's buying Violet Grey, with the founder to play a key role in its wider beauty plans.
Luxury
Glossier lays off 80 employees

Glossier lays off 80 employees

Digital-first beauty brand Glossier laid off a third of its workforce on Wednesday. More than 80 employees were effected by the reorganization. 
Beauty
Givaudan acquires minority stake in Nanovetores Group

Givaudan acquires minority stake in Nanovetores Group

Givaudan announced on Wednesday that it has acquired a 48 percent stake in Nanovetores Group from The Criatec Fund, a Brazilian investment fund focused on innovative, early stage companies. 
Beauty
L’Occitane’s sales up by 9.5% in Q3

L’Occitane’s sales up by 9.5% in Q3

Cosmetics group L’Occitane, whose brand portfolio includes among others L’Occitane en Provence, Elemis and Melvita, recorded Q3 sales worth €650 million, equivalent to a 9.5% increase year-on-year.
Beauty
As mask mandate ends in England, stores ask consumers to continue wearing them

As mask mandate ends in England, stores ask consumers to continue wearing them

​UK retail giants John Lewis and Tu Clothing owner Sainsbury’s are asking customers and staff in England to continue wearing face coverings in their stores, despite the government ending its Plan B measures in England.
Fashion
UK retail sales 'poor' in January, expect February weakness too - CBI

UK retail sales 'poor' in January, expect February weakness too - CBI

​January retail sales in the UK were deemed “poor” by retailers, with a net balance of -23% from -2% in December and dipping for the first time since September, according to the CBI’s latest Distributive Trades Survey. 
Fashion
Hammerson happy with improving mall trade, footfall recovering

Hammerson happy with improving mall trade, footfall recovering

​Trading continues to improve for Hammerson, the commercial property giant said Thursday. It now expects FY21 adjusted earnings to range £75 million-£80 million, ahead of the minimum of £60 million previously expected.
Fashion
UK prestige beauty prices rose in last quarter of 2021 - report

UK prestige beauty prices rose in last quarter of 2021 - report

​The average sales prices of prestige skincare in the UK rose 7% in in the last three months of 2021 compared to the same period in 2020, The NPD Group said on Thursday. 
Luxury
Next creates 'department store' as it merges and expands Watford presence

Next creates 'department store' as it merges and expands Watford presence

​Next is to open a department store in all but name as it transforms its existing sites in the Atria centre in Watford and also adds a Victoria’s Secret, the lingerie brand for which it holds the UK licence.
Fashion
Klarna launches physical payment card in UK

Klarna launches physical payment card in UK

​Personal finance platform Klarna has launched its own payments card in the UK, “empowering consumers with greater control, transparency and choice over how they pay”, the company said Wednesday.
Fashion
Hermès appoints Gregoris Pyrpylis as creative director of beauty products

Hermès appoints Gregoris Pyrpylis as creative director of beauty products

The luxury label has recently named Greek make-up artist Gregoris Pyrpylis as creative director of Hermès Beauty, the make-up line launched by Hermès in March 2020.
Beauty
Brexit costs UK business as much as Covid - report

Brexit costs UK business as much as Covid - report

​Which has been more costly to British businesses, Covid or Brexit? Both, according to ParcelHero. Its research reveals that the “self-inflicted wound” of Brexit has cost UK businesses as much as the Covid pandemic.
Fashion
TikTok is world's fastest growing brand says Brand Finance report

TikTok is world's fastest growing brand says Brand Finance report

​TikTok is the world’s fastest-growing brand, the new Brand Finance Global 500 2022 report reveals. A new entry to the list, it’s up 215% in a year, leading the global revolution in media consumption.
Fashion