Miscellaneous
The latest news
Frasers buys more of ASOS and Boohoo
Forget rumours about what Frasers Group may or may be thinking of buying. We know that it’s definitely buying more of two underperforming online retail giants, ASOS and Boohoo.
Fashion
Richemont Q3 sales rise 4%; Alaïa, Delvaux, Dunhill and Peter Millar are strong
Chloé, Alaïa and Dunhill owner Richemont has reported its results for Q3 — the all-important ‘Golden Quarter’ — with sales up by 4% on a reported basis to €5.593 billion, or 8% at constant exchange rates (CER).
Fashion
L'Oréal invests in Timeline, a Swiss biotech company specializing in longevity
L’Oréal, through its venture capital fund Bold, has recently acquired a minority stake in Timeline, a Swiss biotechnology company specializing in longevity.
Beauty
The Rocher Group appoints Emeline Ouart as director of communications and public affairs
The Rocher group, owner of Yves Rocher and Petit Bateau, has appointed Emeline Ouart, formerly of frozen food company Picard Surgelés, as director of communications and public affairs.
Fashion
Anca Marola appointed global chief digital officer at Sephora
On February 12, Anca Marola will become Sephora's global chief digital officer. Currently head of data for the LVMH group, she will report to Guillaume Motte, CEO of Sephora.
Beauty
Next stop Meadowhall? Frasers Group reportedly eyeing mall buy
We know Frasers Group has ambitions to build a bigger retail empire than it already has. And that it has moved into mall ownership. But a new report says it could be eyeing up one of the UK’s key super-malls too.
Fashion
Hugo Boss reports surging sales in Q4 and 2023
Hugo Boss’s Q4 results on Tuesday showed just how well the company was doing last year as its revitalised brands went from strength to strength.
Fashion
THG ongoing businesses see Q4 progress, new link-up with Holland & Barrett unveiled
Beauty e-tail giant and e-commerce provider THG said on Tuesday that its fourth quarter – the period up to the end of December – was in line with expectations and guidance, as was its full year.
Fashion
Lancôme names Joy Sunday new global ambassador
Lancôme has announced the appointment of Nigerian-American actress, producer, and director Joy Sunday as a new global ambassador of the beauty brand.
Beauty
Liberty says own-brand is sales driver, beauty is key
London luxury department store Liberty is banking on the success of its own-label beauty products to drive growth and it could even lead to its opening satellite standalone stores similar to Harrods’ H Beauty venture.
Beauty
UK fund manager Terry Smith dumps Estée Lauder in favor of rival L’Oréal
UK fund manager Terry Smith has sold his stake in Estée Lauder Cos. due to its mishandling of China’s reopening while retaining a holding in beauty rival L’Oréal SA.
Beauty
Google unveils Victoria's Secret AI link-up, new AI tools, says UK firms embracing the tech
Google Cloud has inked a strategic partnership with Victoria’s Secret, launched new AI products for retail, plus released UK research showing most decision-makers feel the urgency to adopt generative AI tech.
Fashion
Vivienne Westwood sales and profits rise
2022 was a landmark period for Vivienne Westwood Limited with the label’s founder’s sad death that year. But in its accounts for the 12 months to the end of December 2022, the company stressed its growing strength.
Luxury
Warpaint London success story continues, upgrades profit forecast
Value-focused beauty specialist Warpaint London had a good 2023 and its unaudited figures for the year show sales and profits at the owner of the W7 and Technic brands beating its forecast.
Beauty
Burberry update comes with profit warning as American woes continue
Burberry delivered a fairly short (well, short for Burberry) trading update on Friday with a few too many minus signs in it and not enough plus signs. Oh, and there was a profit warning too.
Fashion
Ex-Jigsaw chief Ruis takes John Lewis helm
After having been criticised for there being too blittle specific retail expertise in its senior management, John Lewis Partnership made a big move in this area on Thursday. Peter Ruis will run the John Lewis chain.
Fashion