Britain is becoming a more closed economy due to Brexit, with bad long-term implications for productivity and wages to leave the average worker £470 a year poorer by the end of the decade, a study said on Wednesday.
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch.
Frasers Group said on Wednesday that it has once again increased its holding in German luxury fashion giant Hugo Boss. The company now – either directly or indirectly – controls more than 30% of the firm’s stock.
Few makeup artists have had as much impact in their profession as Peter Philips, the creative director of makeup at Parfums Dior. Here he speaks on Seville; respecting designer visions; lip gloss and being a feminist.
L'Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming "even more complicated.
Bally has a new chief digital officer with Nathalie Sisouk taking the role at the Swiss luxury brand. The new position comes with a seat on the executive committee, with Sisouk tasked to drive the firm's digital agenda.
The billionaire whose family controls Primark’s parent company has poured cold water on the idea that its newly-announced trial of click & collect services could lead to an eventual full offer online.
The wraps have finally been taken off the new Boss store that has been tantalising passers-by on Oxford Street in recent months. The megastore proves that the street retains its appeal for big names in fashion.
Retail stalwart Stuart Rose has joined business leaders in calling on the government to act on the cost of living crisis and rocketing inflation. The Asda chairman has urged ministers to help struggling households.
It’s been so long on the market, Boots may be in danger of missing its sell-by date. With inflation and interest rates rising on both sides of the Atlantic, a deal to buy the retailer could be at risk of collapsing.
Primark had big news on Monday and no, it wasn’t that trading is going well (which it is). It was that the company is working on a UK launch of a trial Click & Collect service for the end of this calendar year.