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Asos now leading Topshop takeover race - report

Asos now leading Topshop takeover race - report

There's a new frontrunner in the race to buy Topshop, Topman and Miss Selfridge with Asos being suggested as the lead contender on Saturday evening, which could mean the chances of saving any stores are slim.
Fashion
Coty names Stéphane Delbos chief procurement officer

Coty names Stéphane Delbos chief procurement officer

The beauty conglomerate has announced the promotion of Stéphane Delbos, senior vice president for transformation, indirect and procurement operations, to the role of chief procurement officer, effective February 1, 2021.
Beauty
Shiseido in negotiations to sell personal care business to CVC

Shiseido in negotiations to sell personal care business to CVC

The Japanese beauty giant confirmed on Friday that it is in negotiations with CVC to sell the investment fund its consumer personal care business, the value of which is reported to be over $1.45 billion. 
Beauty
UK consumer confidence suffers from the January blues, outlook dips

UK consumer confidence suffers from the January blues, outlook dips

‘Vaccination no shot in the arm for UK consumer confidence’ is Friday’s telling headline from GfK’s economic reading for January that reflects a less optimistic view from a population stuck in winter lockdown.
Fashion
Fashion sales rose in December but 2020 a disaster, NWEC urges more support

Fashion sales rose in December but 2020 a disaster, NWEC urges more support

December’s official retail sales on Friday drew a line under what was a disastrous year for retailing and especially for fashion, although the month itself was relatively buoyant in the circumstances.
Fashion
John Lewis raises profit guidance, repays government Covid loan early

John Lewis raises profit guidance, repays government Covid loan early

​John Lewis Partnership said Friday that trading during the peak shopping season, which included Black Friday and the Christmas period, “held up better than anticipated”. 
Fashion
Victoria Beckham pre-Covid losses grow, underlying progress in right direction

Victoria Beckham pre-Covid losses grow, underlying progress in right direction

Losses widened at Victoria Beckham’s fashion company, despite rising sales, in the year before the pandemic as it invested in its beauty launch, results due to be filed at Companies House have shown.
Fashion
Next walks away from Topshop bid, could Shein now win the prize?

Next walks away from Topshop bid, could Shein now win the prize?

The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
Fashion
Unilever vows to pay decent salaries to supplier staff

Unilever vows to pay decent salaries to supplier staff

British consumer goods giant Unilever pledged Thursday to pay workers in its supply chain a decent wage by the end of the decade, warning that the coronavirus pandemic has deepened social inequality.
Beauty
UK cross-border e-tail sales strong in 2020 says Global-e

UK cross-border e-tail sales strong in 2020 says Global-e

​The UK’s outbound cross-border e-commerce rose as much as 57% last year and the peak festive trading month, November, saw an increase of 42% year-on-year as well.
Fashion
Selfridges gets through 2020 in good shape, pre-pandemic sales rose

Selfridges gets through 2020 in good shape, pre-pandemic sales rose

​Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
Luxury
Google's advertising practices targeted by EU antitrust probe

Google's advertising practices targeted by EU antitrust probe

EU antitrust regulators have sought information from advertisers regarding Google's advertising technology practices, a European Commission document seen by Reuters shows.
Beauty
White Stuff reviews property portfolio as lockdown continues

White Stuff reviews property portfolio as lockdown continues

​White Stuff has become the latest UK retailer to launch a review of its store portfolio with PHD Property looking at its 115 UK shops, which are currently shut due to the latest lockdown.
Fashion
Richemont sales edge up, but fashion struggles while jewellery surges

Richemont sales edge up, but fashion struggles while jewellery surges

​Richemont’s third quarter — the all-important three months to the end of December — saw sales rising only 1%, although currency-neutral, they were up a healthier 5%, despite the “continuously volatile environment”.
Fashion
Burberry sales fall again due to Covid but full-price and Asia are strong

Burberry sales fall again due to Covid but full-price and Asia are strong

​Burberry saw another round of retail sales falls in Q3, with Europe and the Americas still being hit hard. But it said China, Korea, leathergoods, outerwear and full-price sales all headed in the right direction.
Fashion
Hammerson hammered: enforced store closures hit rent collections

Hammerson hammered: enforced store closures hit rent collections

The knock-on effect of the pandemic on its tenants has hit commercial property giant Hammerson - which owns the Bullring among other major malls - pretty hard.
Fashion