Miscellaneous
The latest news
Matchesfashion gets £60m cash injection from owner
Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
Luxury
London's West End success give Shaftesbury a Christmas boost
When central London retail performs, so too does commercial property giant Shaftesbury. After all, it does own a 6.4-acre, 600-building portfolio in the heart of London's West End.
Fashion
UK store vacancies shrink but are still high - report
UK retail vacancy rates improved in the final quarter of 2022 to 13.8%. But before you get too excited, it was only better by 0.1% on Q3 and 0.6 percentage points better than the same period last year.
Fashion
Hein Schumacher is new Unilever CEO
Global beauty and consumer products giant Unilever has announced its new CEO who’s set to take over from outgoing chief Alan Jope on 1 July. And his name? Step forward Hein Schumacher.
Beauty
Discounts not enough? CBI cites early signs that January retail has been weak
What did Friday’s CBI survey report show for January? Lower sales volumes as retail got off to a slow start despite the clearance sales. They're expected to decline again next month too, “but at a slightly slower pace”.
Fashion
Lark London store heading outside the capital to land in Woking
Lark London is embarking on its first retail venture outside the UK’s capital (but not too far out). The independent lifestyle boutique brand is to open at the Victoria Place shopping centre in Woking, Surrey, in March.
Fashion
Julie Harris becomes Hyve Group non-exec
Global events company Hyve Group has appointment Julie Harris as a non-executive director, effective 2 February. She will take on the role of Environmental, Social and Governance (ESG) Committee Chair.
Fashion
H&M's profit tumbles more than expected as costs bite
Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
Poundland to expand further in UK, increase Pep&Co presence
Pepco’s budget chain Poundland is continuing to invest heavily in its stores this year with the creation of hundreds of new jobs and opening/relocation plans that will also see expansion for the Pep&Co clothing line.
Fashion
ASOS names key finance exec to team
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
L'Oréal launches Net Zero Salons Programme in UK and Ireland
Another big step forward in the retail race for net zero. This time its L’Oréal and its partnership to climate action platform Net Zero Now targeting UK hair salons.
Beauty
John Lewis beauty trends forecast takes in mushrooms, skin HIIT
John Lewis has launched a new Beauty & Wellness Moments report and has focused on a number of key beauty trends it sees as big for 2023.
Beauty
After the sales come the returns, and fashion tops list of most likely items
Returns season is upon us, and it’s going to be a particularly busy period, especially for the fashion and beauty sectors, a survey says. Gifts worth £232 million will be returned in the UK, a poll of 2,000 people shows,
Fashion
Two UK shopping centres are first to achieve net zero carbon status
Sustainability hats off to two retail destinations. Quayside MediaCity in Salford and Gloucester Quays have become the first shopping centres to achieve ‘Net Zero Carbon – Operational Energy’.
Fashion
News analysis: will it be a long road back to profit for Boohoo Group?
Boohoo has fallen from grace spectacularly since the pandemic. But here's why we shouldn't write it off just yet, even though it might take some time for it to regain its former glory
Fashion
Pure London launches 'sustainability toolkit' for next month's event
Pure London will be launching The Independent Fashion Retailer Sustainability Toolkit on the Sustainability stand during its 12-14 February trade show at Olympia London.
Fashion