Online shopping continues to gain ground in Europe with two-thirds of internet users e-buying in 2016, according to a survey from Eurostat. And fashion is a key product category, especially for young shoppers.
Calendar shifts may have sent sales at John Lewis in the pre-Christmas week up and sales in the post-Christmas week down but there was no disguising that overall, the chain was one of the winners from the holiday season.
They were the breakout Korean beauty trend of 2016 that went mainstream, and it looks like sheet masks will be around for a while yet. Sales are expected to grow to US$336.7 million by the end of 2024.
French cosmetics giant L'Oreal said on Tuesday it was investing in an early stage fund managed by private equity firm Partech Ventures, its second investment in digital and tech start-ups in less than a year.