U.S. consumer goods giant Procter & Gamble announced this week it has acquired luxury skincare brand Tula, as the company looks to bolster its prestige brands portfolio.
Apparel chain operator Authentic Brands Group Inc on Wednesday withdrew its plans for an initial public offering in the United States, according to its filing with the securities regulator.
Theo Paphitis Retail Group, which owns lingerie chain Boux Avenue (as well as household and hardware goods retailer Robert Dyas), saw sales rising 15.6% in the six weeks to December 24, compared to two years ago.
Billed as one of the biggest commercial property deals in recent years, two designer outlet malls in England have been sold for £600m. Cheshire Oaks and Swindon Designer Outlet have been bought by LaSalle.
Womenswear e-tailer Sosandar has turned in yet another record-breaking set of figures with the company saying on Thursday that Q3 — the three months to the end of December — saw revenue up 122% year-on-year.
Next has reported full-price sales up as much as 20% in the eight weeks to Christmas Day, compared to 2019. It's good news for the fashion retail giant that sold products adding up to £70m more than it had expected.
Chinese gaming and social media company Tencent Holdings Ltd has raised $3 billion by selling shares in Sea, which owns e-commerce firm Shopee, according to a term sheet seen by Reuters on Wednesday.
It appears Britons were either preparing for a bumper Christmas season or offsetting rising prices as borrowing in November, especially on credit cards, jumped to its highest level since July 2020.
Decathlon has filed its UK accounts for 2020 and it's no surprise that revenue during the year fell. But it didn't fall as much as might have been expected given the temporary store closures caused by the pandemic.
Los Angeles-based materials science company Ambercycle Inc. has raised $21.6 million in a new funding round, as it aims to develop infrastructure and materials for circularity within the fashion industry.
German retail sales rose unexpectedly in November, data showed on Tuesday, lifting annual retail sales to a record high despite renewed restrictions in the coronavirus pandemic which held back a consumer-led recovery.
Seasalt is preparing for a particularly strong 2022 after the contemporary lifestyle brand outperformed over Christmas. So buoyant is the retailer, it has engaged the services of PwC to advise on its strategic options.
The perfume shop enjoyed healthy Christmas trading with the retailer saying on Tuesday that its sales rose as much as 29% from October to December, compared to the pre-pandemic festive shopping season in 2019.
Marimekko’s latest results for the nine months to the end of September showed that the firm’s sales and profits are continuing to rise.
Trinity Limited, the owner of Gieves & Hawkes, has been placed into liquidation following a failed attempt by advisory firm RSM to sell the 250-year-old luxury British brand.
