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Frasers set to launch own-brand BNPL app - report

Frasers set to launch own-brand BNPL app - report

Frasers Group is understood to be rolling out its own buy-now/pay-later (BNPL) offer as part of an own-brand, standalone financial package scheme. 
Fashion
LVMH, L'Oréal, Shiseido said to be vying to buy stake in Aesop

LVMH, L'Oréal, Shiseido said to be vying to buy stake in Aesop

According to Bloomberg, LVMH, L'Oréal and Japanese group Shiseido are competing to buy a stake in Aesop, the much sought-after premium beauty brand owned by Brazilian group Natura & Co.
Beauty
Tesco buys failed Paperchase brand, stores to close

Tesco buys failed Paperchase brand, stores to close

​Supermarkets giant Tesco said on Tuesday it had purchased the Paperchase brand and its intellectual property following the gifts and stationery retailer going into administration.
Fashion
Farfetch, Outlier Ventures accept entries for next Dream Assembly Base Camp

Farfetch, Outlier Ventures accept entries for next Dream Assembly Base Camp

Farfetch said this week that it — along with partner Outlier Ventures (a global Web3 accelerator and investor) — has opened applications for Dream Assembly Base Camp Cohort Two taking place from April
Fashion
London's Oxford Street saw major revival over festive period

London's Oxford Street saw major revival over festive period

​The festive shopping season in the UK saw a noticeable revival of consumers visiting physical stores as they discovered the joys of shopping face-to-face. And that seems to have benefited London's Oxford Street. 
Fashion
London-based Emperia gets £10m to boost metaverse e-tail

London-based Emperia gets £10m to boost metaverse e-tail

​London-based software start-up Emporia has raised over £10 million of expansion funding “to reimagine the e-commerce space”. It’s aiming to bring retail into the metaverse by providing the tech to build virtual stores.
Fashion
Matchesfashion gets £60m cash injection from owner

Matchesfashion gets £60m cash injection from owner

​Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
Luxury
London's West End success give Shaftesbury a Christmas boost

London's West End success give Shaftesbury a Christmas boost

When central London retail performs, so too does commercial property giant Shaftesbury. After all, it does own a 6.4-acre, 600-building portfolio in the heart of London's West End.
Fashion
UK store vacancies shrink but are still high - report

UK store vacancies shrink but are still high - report

UK retail vacancy rates improved in the final quarter of 2022 to 13.8%. But before you get too excited, it was only better by 0.1% on Q3 and 0.6 percentage points better than the same period last year.
Fashion
Hein Schumacher is new Unilever CEO

Hein Schumacher is new Unilever CEO

Global beauty and consumer products giant Unilever has announced its new CEO who’s set to take over from outgoing chief Alan Jope on 1 July. And his name? Step forward Hein Schumacher.
Beauty
Bed Bath & Beyond's efforts to find buyer stalled: report

Bed Bath & Beyond's efforts to find buyer stalled: report

Bed Bath & Beyond Inc's efforts to find a buyer ahead of a likely bankruptcy filing have stalled, Bloomberg News reported on Friday, citing people with knowledge of the matter.
Beauty
Discounts not enough? CBI cites early signs that January retail has been weak

Discounts not enough? CBI cites early signs that January retail has been weak

What did Friday’s CBI survey report show for January? Lower sales volumes as retail got off to a slow start despite the clearance sales. They're expected to decline again next month too, “but at a slightly slower pace”.
Fashion
Julie Harris becomes Hyve Group non-exec

Julie Harris becomes Hyve Group non-exec

​Global events company Hyve Group has appointment Julie Harris as a non-executive director, effective 2 February. She will take on the role of Environmental, Social and Governance (ESG) Committee Chair.
Fashion
Lark London store heading outside the capital to land in Woking

Lark London store heading outside the capital to land in Woking

Lark London is embarking on its first retail venture outside the UK’s capital (but not too far out). The independent lifestyle boutique brand is to open at the Victoria Place shopping centre in Woking, Surrey, in March.
Fashion
Pure London launches 'sustainability toolkit' for next month's event

Pure London launches 'sustainability toolkit' for next month's event

Pure London will be launching The Independent Fashion Retailer Sustainability Toolkit on the Sustainability stand during its 12-14 February trade show at Olympia London.
Fashion
H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion