The latest news
L’Oréal invests in US biotech company Debut
L’Oréal has bought a minority stake in US biotech company Debut, a specialist in synthetic biology.
Chelsea retailers asked to sign tougher leases as neighbourhood booms
Tenants of Cadogan Estates — the landlord controlling vast swathes of London’s Chelsea — are having to sign inflation-linked leases and put down “hefty deposits”, a newspaper report has claimed.
ASOS sees bid approach as share price slumbers - report
ASOS is believed to have received a £1 billion takeover approach a few months ago from a Turkish company taking advantage of the potential in its giant market but also its falling share price.
Revolution beauty narrows losses as sales rise in H1
It's only a few days since the last set of Revolution Beauty results were released, but they were the delayed figures for FY22. On Friday, it almost got back on track with its results for H1 of FY23.
Physical stores boom, but don't neglect omnichannel says retail think tank
The members of the KPMG/Ipsos Retail Think Tank (RTT) have been looking at the retail market again and are questioning whether an online-only model is still viable.
Freemans enters beauty box market as beauty sales surge
Digital department store Freemans has released its first-ever Beauty Box as it aims to make the most of massive growth in the beauty category overall.
Unilever CFO Pitkethly to leave company by May 2024
Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.
UK footfall enjoys spring positives in latest week... but not Central London
The positives certainly came together for UK retail in the 21-27 May trading week. The run-up to school half-term week, the late May public holiday weekend and good spring weather all contributed to strengthen footfall.
Matalan's interim buying chief becomes trading head as changes at firm continue
Matalan has made a key change to its line-up as it continues to transform itself under new owners. Interim buying and merchandising director Ben Smith is now chief trading officer, reporting to CEO Jo Whitfield,
Chanel to double London HQ space
News last week that Chanel’s sales rose in double digits in 2022 was followed by the company saying it would double the size of its global HQ in London’s Mayfair and will move in during 2025.
New official figures show UK tourist visits still well behind 2019
The Office for National Statistics International Passenger Survey has shown that tourist visitors to the UK are well below 2019 levels with the New West End Co directly blaming the abolition of tax-free tourist shopping.
Brand Architekts names new part-time CFO
Challenger British beauty business Brand Architekts Group has appointed Geoff Ellis Chief Financial Officer, effective 3 July, albeit on a part-time basis.
Revolution Beauty results finally released, losses widen
Revolution Beauty has finally reported its much-delayed results for the year to February 2022 and operating losses surged to £38.8 million, wider by almost £30 million, although revenue jumped 35% £184.6 million.
Chanel opens Battersea beauty and eyewear boutique
Chanel is the latest big name to endorse the multi-billion pound mall development at Battersea Power Station and has just opened a new beauty and eyewear store there.
New data shows end of UK VAT-free shopping again boosts Europe
The UK government has been asking for evidence that the end of the VAT-three shopping perk for tourists is hurting British retail and payment software specialist Planet came up with some of that again on Friday.
Valentino opens new Paris home on Avenue Montaigne
Valentino has unveiled its new store in Paris, having “reinvented itself” on Avenue Montaigne. The change of address gives it more space for its offer of both women’s and men’s RTW and accessories over three floors.