Kylie Jenner isn't a billionaire after all, Forbes magazine said Friday as it accused the reality TV star's family of "inflating the value of her cosmetics business for years.

Debenhams is cutting more than 1,000 HQ and store jobs as 17 branches are set to close, with the firm hoping to emerge from administration as a more flexible entity that can meet the challenges of the new retail world. 

Coty announced on Thursday the appointment of KKR executive Gordon von Bretten as chief transformation officer. 

The American cosmetics retailer announced a 32.7% decrease in Q1 sales on Thursday, leading the company to topple into loss as disruptions related to the ongoing Covid-19 pandemic took their toll on its operations.

The British TV presenter, model and fashion designer will be the first-ever brand ambassador for the new make-up brand, which launched a little over a year ago in the UK.

After a stint at Louboutin, make-up artist and social media star Isamaya Ffrench has joined the British luxury label, in the role of global beauty director of Burberry Beauty.

The lockdown may be easing, but the coronavirus continues to negatively impact many product sectors in the UK. Yet some sectors are already seeing a recovery of sorts with searches for certain products back on the rise.

Private-equity controlled German perfume retailer Douglas said on Wednesday it hopes to be able to make it through the coronavirus pandemic without state aid, even though it expects an ongoing hit to sales.

John Lewis has issued official details about its store opening plans and, like retail peer Next, it's planning to take it very cautiously. It's also considering new ideas like virtual queueing and returns drop boxes.

UK property giant British Land said on Wednesday that it has collected less than half the rent due on its retail properties and that its retail portfolio’s valuation has fallen by more than 26%.

Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.

Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.

The Californian cosmetics company rounded off a strong year with a solid fourth-quarter sales gain of 13%, largely due to progress in its digital channel.

Intu has outlined the safety measures it plans to implement across its 14 shopping centres to support the gradual reopening of non-essential retail stores.

There are big questions around how keen consumers will be to return to physical shops once non-essential UK stores reopen in the middle of June, but the indications so far are that there's plenty of pent-up demand.

UK ‘non-essential’ stores have a specific date for when they’ll be able to reopen, June 15, if they have safety measures in place. The question is, whether consumers will return or are they now anti-fashion?