THG results show beauty surge, but Ingenuity’s internal revenue drops
Beauty and e-commerce tech giant THG’s first quarter saw sales growth accelerating from 1.1% at the end of last year to 4.5% this time. And it said it saw a…
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Tapestry and Capri Holdings defend merger plans after FTC bombshell
After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, late on Monday both companies issued statements defending their plans. See…
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Billionaire Pinaults fight to pull Gucci off the discount rack
By Bloomberg Published Apr 23, 2024 On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green…
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Bucherer fetes latest collection inspired by Manhattan
Selling fine jewelry and luxury watches is a serious business. But Bucherer, the fine jewelry sister brand to Tourneau as of 2018, decided to incite clients to its latest offering,…
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US FTC sues to block $8.5 billion takeover of Capri by Tapestry
By Reuters API Published Apr 23, 2024 The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry‘s $8.5 billion deal to buy Michael Kors owner Capri, saying it…
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Gloucester Quays sees record sales as anniversary celebrations kick off
What better way for an outlet shopping centre to celebrate a 15th anniversary than to announce another set of record footfall and sales numbers. Gloucester Quays’ operator Peel Retail &…
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Beautycounter acquired by founder Gregg Renfrew
Clean beauty brand Beautycounter has been acquired on April 18 by founder Gregg Renfrew, according to multiple reports. Beautycounter According to the news outlets, Renfrew and other private investors have…
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Central’s search for new Selfridges partner goes on, reportedly in talks with possible buyers
Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa. Selfridges Central is aiming for…
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Express goes bankrupt as WHP-led group flags interest in stores
By Bloomberg Published Apr 22, 2024 Express Inc., the clothing retailer that rose to prominence through its business casual apparel, filed for bankruptcy after a turnaround effort fell short. Express…
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Snowleader outlines strategy to reach €150 Million in sales by 2027
Translated by Roberta HERRERA Published Apr 22, 2024 Snowleader aims to increase its revenue by an additional €60 million over the next four years. The French platform is known for distributing…
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