Next eyes some Body Shop assets
Acquisitive UK retail giant Next is reportedly interested in acquiring certain assets of The Body Shop following its still-new German owner having put the chain into administration after discovering that…
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As hopes of end to UK ‘tourist tax’ possibly dashed, are problems insurmountable?
Retailer optimism about the return of tax-free shopping for tourists to the UK has been rising but may be misplaced. A newspaper report has said that the so-called tourist tax…
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Uniqlo’s sister brand GU timing to take on markets in US, Europe
By Bloomberg Published Feb 25, 2024 Fast Retailing Co., home of the Uniqlo brand, wants to ramp up the presence of its other fashion label GU in the US and…
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LVMH creates entertainment division led by Antoine Arnault
By Reuters Translated by Nicola Mira Published Feb 23, 2024 Luxury giant LVMH has set up an entertainment division called 22 Montaigne Entertainment, aiming to boost its flagship products’ marketing…
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Moncler investor Rivetti family to leave top shareholder group
By Bloomberg Published Feb 25, 2024 Moncler SpA’s top shareholders said Saturday that the family known for the Stone Island sportswear brand is withdrawing in a “cooperative” manner from the…
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Intersport International has released a stable report for the fiscal year 2023, boasting €13.7 billion in revenue
Translated by Roberta HERRERA Published Feb 23, 2024 For the year 2023, Intersport International maintained its course. The consortium of sporting goods retailers, operating on the cooperative principle, has issued…
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Manchester start-up creates fashion hub for early-stage entrepreneurs
The Yard Atelier space has launched in Manchester for start-up fashion businesses and the next generation of industry entrepreneurs. Located in Cheetham Hill, the non-profit, co-working and community space allows…
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YSL Beauty kicks off Instagram relaunch with temporary blackout
Anyone checking out the YSL Beauty Instagram account at the end of the week might be a bit surprised to find that there’s no content available on it. YSL Beauty…
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UK consumer confidence dips in February, but there are positives
Mixed news on the UK economy dented February consumer confidence, falling for the first time in three months (by two points to -21), with the long-running GfK Index showing four…
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Zara owner Inditex expands bargain brand to counter Shein
By Reuters API Published Feb 23, 2024 Zara owner Inditex, the world’s biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded…
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