The shift online may have presented challenges to some fashion and beauty categories, but UK prestige beauty (and especially skincare) has prospered as shopping went online during lockdowns, a new report shows.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
The still-new CEO of the Fenwick chain has spoken of how the company is doubling down on its efforts to drive e-tail sales. It's also widening its appeal with street brands and is upbeat for December footfall.
Mango's online and client director expects the company to finish the year with 800 million euros in digital revenues and has outlined the brand's strategy for a channel which continues to grow despite the pandemic.
British Land, which counts Meadowhall and Drake Circus among its retail assets, said that it has sold £456m worth of retail properties since the beginning of the pandemic and is planning to sell more.
Indian garment factories producing goods for major UK retailers are again in the news for exploiting workers and paying "shockingly low" wages, according to the ActionAid charity and a related probe by the BBC.
Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros this year, their largest ever drop and first since 2009, due to the fallout from the coronavirus pandemic, consultancy Bain said on Wednesday.