The latest news
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.
Retail sales better than expected in April but disappoint in May, reports show
The end of the week has seen two alternative views of UK retail released with official figures for April proving better than expected, but the latest CBI report for May suggesting disappointing turnover in recent weeks.
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.
ASOS reveals new £75 million financing success, Bestseller owner participates
ASOS has announced it has raised £75 million in cash from shareholders as the struggling online retail giant seeks to strengthen its finances.
M&S to press ahead with self-service till rollout
M&S is on a mission to cut costs by more than £400 million over the next five years, and among a raft of store initiatives is a plan to roll out hundreds more self-service tills.
Revolution Beauty appoints new chairman as co-founder finally departs
Another boardroom change for the troubled Revolution Beauty Group. But at least this one was expected with the multi-channel mass beauty retailer appointing Derek Zissman its new Non-Executive Chairman.
Happy Armani buoyant in 2022, says China bounces back in Q1 2023
Armani Group’s 2022 results have shown ongoing progress at one of the world’s best-known luxury names as net revenues jumped 16.5% to €2.35 billion and profit rose even faster.
Record West End retail rentals for landlord GPE but it swings to loss
Central London is the place to be if you’re renting prime commercial and office space. Demand is sky-high and in Wednesday’s year-end results, key landlord GPE referred to its “strong strategic positioning".
UK inflation eases further but clothing prices still rising
UK inflation — including clothing prices — slowed again in April, although the rate remains high and prices continue to rise, which means consumers are thinking long and hard about discretionary purchases.
M&S sales continue to rise as fashion stays strong
M&S’s annual results offered more evidence of the strength of its turnaround with the retail giant reporting higher sales and headline profits, although operating profits were hit by tough comparisons and higher costs.
Klarna UK boss Marsh to leave
Klarna’s UK boss Alex Marsh is stepping down from the buy-now-pay-later (BNPL) financier for personal reasons. A replacement has yet to be announced.
r.e.m. beauty gets strategic investment from Sandbridge Capital
Ariana’s Grande’s r.e.m. beauty brand has announced a strategic investment led by consumer-focused private investment firm Sandbridge Capital that will help it "optimise its global potential".
Brazilian antitrust authority approves sale of Aesop to L'Oréal
The Brazilian antitrust authority has determined that Aesop's exclusive direct-to-consumer online sales model in the country would not impact free competition, thus approving its acquisition by L'Oréal.