Otto Group saw a boom in H1 as its already-strong online ops grew. The owner of the Freemans, Grattan, Bon Prix, Crate and Barrel, and Quelle brands, among others, benefited from “a change in consumer behaviour”.
The JD Williams, Simply Be and Jacamo owner said its challenges have continued in 2020 and on Wednesday, the company updated the market on its six months to the end of August, saying product sales fell more than 20%.
The news just keeps coming from The Hut Group, the giant UK-based beauty retailer and technology company. On Wednesday, it announced that it had acquired Perricone MD, the popular US prestige skincare brand, for $60m.
The Greensboro, North Carolina-based owner of Wrangler and Lee, has revealed its first set of sustainability goals, unveiling strong targets concerning water usage, renewable energy and responsible sourcing.
The New Zealand-based Kathmandu group, the surfing brand’s owner since the end of 2019, has published the data for its latest financial year. Rip Curl’s sales have slumped, though they recorded a post-lockdown rebound.
Asda looks set to change hands, possibly as early as this week, with owner Walmart having entered exclusive talks with private equity firm TDR Capital. Walmart is expected to sell a controlling stake for over £6.5bn.
OneStock offered more evidence of the value of its technology solution this week saying that UK retailer Ted Baker managed to fulfil an extra 101,000 online orders in a year following a new omnichannel initiative.