Categories Archives: Business

UK retailer WH Smith posts 7% annual revenue growth fuelled by travel demand

By Reuters Published September 11, 2024 WH Smith reported a higher annual revenue on Wednesday as robust travel demand propelled sales of its products ranging from sandwiches to books, sending the British retailer’s shares up 11%. WH Smith, an over 230-year-old brand, said trading in the new financial year so far was in line with [...]read moreUK retailer WH Smith posts 7% annual revenue growth fuelled by travel demand

Dubai-based Huda Beauty weighs sale of fragrance division

By Bloomberg Published September 11, 2024 Dubai-based cosmetics firm Huda Beauty is considering selling all or part of its fast-growing perfume division, according to people familiar with the matter. Huda Beauty The firm — with more Instagram followers than Kylie Jenner and Selena Gomez’s brands combined — has lined up Goldman Sachs Group Inc. as [...]read moreDubai-based Huda Beauty weighs sale of fragrance division

ASOS cuts net debt load by £150 million

Published September 11, 2024 ASOS’s news last week that it was selling majority control of Topshop and Topman and refinancing its debt appears to have had a very positive impact on its overall net debt position, it showed on Wednesday. Reuters In a stock exchange release, the fashion e-tail giant said that the net proceeds [...]read moreASOS cuts net debt load by £150 million

Celeste expands its Commerce Hub with GA Agency

Published September 11, 2024 Sponsored Article Since FiloBlu and Diana Corp. joined forces under the leadership of Gradiente SGR to create Celeste, the hub comprises a constellation of top vertical skills to support partner companies in the digital landscape. Celeste Commerce Hub stands as a point of reference in the planning and activation of the [...]read moreCeleste expands its Commerce Hub with GA Agency

Inditex sees first-half sales slowdown, but profits boom, H2 looks stronger

Published September 11, 2024 There’s been plenty of speculation in recent days that Inditex might not turn in the impressive sales figures we’ve become used to from the world’s biggest fashion retailer. And the rumours turned out to be correct as sales rose ‘only’ 7.2% in the first half. Zara But this is one firm [...]read moreInditex sees first-half sales slowdown, but profits boom, H2 looks stronger

Goop lays off 18% of workforce

Published September 11, 2024 Goop, the wellness and lifestyle brand founded by Gwyneth Paltrow, is undergoing a restructuring, laying off 18% of its 216 employees. Goop lays off 18% of workforce. – Goop The move comes as the company aims to streamline operations, narrowing its focus to fashion, beauty, and food. The restructuring will see [...]read moreGoop lays off 18% of workforce

Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies

By Reuters Published September 11, 2024 Fashion holding company Tapestry has room to raise prices and lower discounts on rival Capri’s Michael Kors brand if the companies merged, a top Tapestry executive testified on Tuesday as regulators sought to block the $8.5 billion deal. See catwalkCoach – Spring-Summer2025 – Womenswear – Etats-Unis – New York [...]read moreRoom to hike Kors prices seen in Tapestry-Capri merger, executive testifies

After PrettyLittleThing, Molly-Mae reveals September debut for solo Maebe line

Published September 10, 2024 Former reality TV star and now widely-followed fashion influencer Molly-Mae Hague has now added solo designer to her ever-widening remit, unveiling plans for a soon-to-launch contemporary womenswear brand. Photo: @maebestore Called ‘Maebe’, the label aims to introduce an “elevated style” with “accessible luxury for a new generation”, thanks to her “deep [...]read moreAfter PrettyLittleThing, Molly-Mae reveals September debut for solo Maebe line

French Connection expands relationships hotlist with Very link-up

Published September 10, 2024 With growth on various fronts key to its return to former glories, French Connection is now adding the Very platform to its fulsome list of stockist this autumn/winter. French Connection Also expect a menswear addition on the Very platform in time for SS5 and, before then, more store openings this year. [...]read moreFrench Connection expands relationships hotlist with Very link-up