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Supermarket retailer Ahold shelves plan to spin off Bol.com

Supermarket retailer Ahold shelves plan to spin off Bol.com

Supermarket major Ahold Delhaize said on Wednesday it was postponing plans for an IPO of its non-food retailer, Bol.com, because of unfavourable market conditions.The group had planned to list Bol.
Fashion
Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit

Capri Holdings and Ralph Lauren see strong Q1 demand, but profits are hit

​Results on August 9 showed Ralph Lauren and Capri Holdings (owner of Michael Kors, Versace and Jimmy Choo) beating Q1 earnings estimates on buoyant demand for luxury as affluent shoppers shrugged off inflation.
Luxury
Fashion innovator Issey Miyake dies at 84

Fashion innovator Issey Miyake dies at 84

Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.
Fashion
UK shoppers surprisingly ready to spend during heatwave, fashion stays strong

UK shoppers surprisingly ready to spend during heatwave, fashion stays strong

Hot weather drove Britons to buy summer fashion, as well as outdoor goods, in July. But they also reined-in spending on foreign travel and eating out as the cost-of-living squeeze made itself felt, two surveys show.
Fashion
Shopify merchant growth falters as weak consumer spending hits businesses

Shopify merchant growth falters as weak consumer spending hits businesses

​Businesses stung by rising costs and lower consumer spending are shying away from Shopify's platform, creating a roadblock in its plan to fix past missteps in overestimating e-commerce demand.
Fashion
India's DLF mulls auction bid for New Delhi mall with base price of $366m - sources

India's DLF mulls auction bid for New Delhi mall with base price of $366m - sources

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall that has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters.
Fashion
Walmart cuts jobs at corporate level - report

Walmart cuts jobs at corporate level - report

​Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street Journal reported on August 3, citing people familiar with the matter.
Fashion
UK retailer Next lifts outlook on strong clothing demand

UK retailer Next lifts outlook on strong clothing demand

​Retailer Next, a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected trade.
Fashion
Zalando EBIT drops, but firm is upbeat as it adapts to current conditions

Zalando EBIT drops, but firm is upbeat as it adapts to current conditions

​After some disappointment in June as it downgraded guidance, on August 4 Zalando had better news. It “expects improved profitability and a return to growth in the second half”.
Fashion
Hugo Boss sales increased 34% in Q2

Hugo Boss sales increased 34% in Q2

Germany-based Hugo Boss on August 3 confirmed earlier preliminary figures, saying currency-adjusted Group sales increased 34 per cent in the second quarter (Q2) of fiscal 2022 (FY22) compared to the prior-year period.
Fashion
Revlon gets court approval for $1.4 billion bankruptcy loan

Revlon gets court approval for $1.4 billion bankruptcy loan

​Revlon received a US bankruptcy judge's permission Monday to proceed with a $1.4bn loan, over an objection by some creditors who argued its terms could block their chance to recover anything from the firm's bankruptcy.
Beauty
Estée Lauder is in talks to acquire Tom Ford brand - report

Estée Lauder is in talks to acquire Tom Ford brand - report

​Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
As inflation soars, European consumer goods M&A slows

As inflation soars, European consumer goods M&A slows

As a cost-of-living crisis with no end in sight sends shockwaves through Europe, deals in the region's retail and consumer-products industries have slowed dramatically - even more so than in other sectors, data shows.
Fashion
L'Oreal bucks trend with Chinese sales growth in Q2

L'Oreal bucks trend with Chinese sales growth in Q2

Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID lockdowns, as the make-up market rebounds.
Beauty
Campaigners step up efforts to prevent M&S Marble Arch demolition

Campaigners step up efforts to prevent M&S Marble Arch demolition

​M&S can expect yet more opposition to its long-running bid to demolish and rebuild its flagship Marble Arch, London, store. Heritage campaigners have begun crowdfunding to oppose the plans in an upcoming public enquiry.
Fashion
Hammerson returns to profit with footfall almost back to pre-pandemic levels

Hammerson returns to profit with footfall almost back to pre-pandemic levels

Hammerson listed three key positives in its half-year trading update on Thursday. The commercial property giant returned to pre-tax profit as footfall recovered to near pre-pandemic levels and costs fell.
Fashion