Primark has taken a step forward in its sustainability strategy by announcing on Wednesday that its own-brand cosmetics have been awarded the coveted Leaping Bunny status by Cruelty Free International.
Tesco UK has announced that its CEO Charles Wilson will step down after being diagnosed with throat cancer, but he will remain on the executive committee and continue to contribute to the company’s strategy.
The Original Factory’s CVA proposal has been approved by creditors this week, allowing the struggling UK retailer to shed around 10% of its store estate. The move puts an estimated 290 jobs at risk of redundancy.
Make-up brand Iconic London has been acquired by Blue Gem Capital’s growing beauty division. The three-year-old brand joins an overall style-focused portfolio that includes Liberty London, Jack Wills and Mamas & Papas.
A new beauty industry report has projected the global vegan cosmetics market will reach $20.8 billion by 2025, propelled by millennials. Brands already active in the space include Urban Decay, Arbonne, and Pacifica.
The UK chancellor has admitted business rates are hurting retailers and that he’s seeking “a better way of taxing the digital economy” at the same time as the New West End Company is calling for an e-tailer sales tax.