Upmarket beauty retailer Space NK enjoyed strong trading in the year to 25 March 2017, with turnover rising 11.4% to £96.4 million as a result of continued consumer interest in luxury skincare, beauty and fragrance.
Chains that struggled with Christmas trading are grabbing the biggest headlines for now, but it’s important to note that not everyone in UK fashion retail is suffering and East certainly seems to be getting things right.
Mothercare’s recovery has continued to falter since it released its half-year results a few months ago and on Monday it revealed ongoing tough times for the business over the Christmas period as even e-tail fell.
Counter Brands LLC has announced that Mousse Partners Ltd, a single-family venture-capital office, has made a strategic investment in the clean beauty company. Capital will go towards developing strategic initiatives.
Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).