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Renzo Rosso’s OTB acquires Jil Sander

Renzo Rosso’s OTB acquires Jil Sander

It’s official. Only the Brave (OTB), the key company in the fashion empire of Renzo Rosso, has acquired Jil Sander, the Hamburg-born label known as the highest expression of minimalism in fashion.
Fashion
Frasers calls business rates relief "near worthless", reviews portfolio

Frasers calls business rates relief "near worthless", reviews portfolio

​In a typically blunt statement, Frasers Group has blasted Chancellor Rishi Sunak’s Budget as doing virtually nothing for hard-pressed retailers on business rates. And it seems some of its stores are at risk as a result.
Fashion
Estée Lauder Companies launches Equity and Engagement Center of Excellence

Estée Lauder Companies launches Equity and Engagement Center of Excellence

The New York-based beauty conglomerate has announced the creation of its new Equity and Engagement Center of Excellence. The center will be led by Nicole Monson, who has been with the company since 2014.
Beauty
L'Oreal responds to push for natural ingredients in make-up

L'Oreal responds to push for natural ingredients in make-up

L'Oreal aims to derive nearly all its ingredients from renewable plant sources and abundant minerals by 2030 as demand for organic and environmentally-friendly cosmetics grows. 
Beauty
UK footfall climbed in February, hints at huge pent-up demand

UK footfall climbed in February, hints at huge pent-up demand

​UK footfall climbed steadily during February and while the year-on-year decline compared to a year ago remained huge (-61%), it was better than the -65.6% seen in January.
Fashion
Citigroup seeks longer Revlon fund freeze during appeal over botched payment

Citigroup seeks longer Revlon fund freeze during appeal over botched payment

Citigroup Inc wants a U.S. judge to extend a freeze on about $504 million that it mistakenly sent a group of Revlon Inc lenders, while it appeals his decision that they can keep the money.
Beauty
​Caledonia Park designer village refurb reaches major milestone

​Caledonia Park designer village refurb reaches major milestone

Heralded as becoming “Scotland’s premier designer village” the Caledonia Park redevelopment in Gretna has completed a “significant” first phase, according to the project’s investor RPMI Railpen.
Fashion
UK in top three for cross-border e-shopping popularity

UK in top three for cross-border e-shopping popularity

Britain’s size is immaterial when it comes to e-commerce. The UK is the third most shopped market for international online purchases, only behind China and the US, according to a report.
Fashion
London-based Vogacloset sells majority stake for Middle East growth

London-based Vogacloset sells majority stake for Middle East growth

​UK-based fashion e-tail platform Vogacloset is selling a 51% stake to Fawaz Abdulaziz Alhokair Co, the leading franchise retailer in Saudi Arabia, and Arabian Centres Company.
Fashion
Interparfums reports 80% rise in earnings, ups guidance for 2021

Interparfums reports 80% rise in earnings, ups guidance for 2021

The fragrance maker announced Q4 net income of $14.7 million on Monday, representing an 80% increase from $8.2 million in the same period in the previous year. The company also raised its financial outlook for 2021.
Beauty
Landsec names data expert as new non-exec director

Landsec names data expert as new non-exec director

Data and analytics expert Manjiry Tamhane has joined property giant Landsec as an independent non-executive director. 
Fashion
More calls for retail tax changes, support for female-focused businesses in budget

More calls for retail tax changes, support for female-focused businesses in budget

Ahead of Wednesday’s key budget, the government has received calls to cut retail taxes and provide extra support for women in business.
Fashion
UK shopper footfall still rising ahead of lockdown easing

UK shopper footfall still rising ahead of lockdown easing

UK shoppers are continuing to flood back to stores, even though most remain closed at present, and this bodes well for non-essential stores reopening next month.
Fashion
Debenhams shuts Scottish stores, won't return for liquidation sales post-lockdown

Debenhams shuts Scottish stores, won't return for liquidation sales post-lockdown

Debenhams is closing its 15 Scottish stores immediately with 647 job losses as a result, its administrator said in an update on the process to wind down the remaining parts of the business that Boohoo didn't buy.
Fashion
John Lewis is opening concessions in sister brand Waitrose

John Lewis is opening concessions in sister brand Waitrose

​John Lewis Partnership has been quietly opening John Lewis department store concessions in its Waitrose supermarkets. And while only a few have opened so far, it's reportedly planning to speed up this process.
Fashion
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury