The latest news
Record West End retail rentals for landlord GPE but it swings to loss
Central London is the place to be if you’re renting prime commercial and office space. Demand is sky-high and in Wednesday’s year-end results, key landlord GPE referred to its “strong strategic positioning".
UK inflation eases further but clothing prices still rising
UK inflation — including clothing prices — slowed again in April, although the rate remains high and prices continue to rise, which means consumers are thinking long and hard about discretionary purchases.
M&S sales continue to rise as fashion stays strong
M&S’s annual results offered more evidence of the strength of its turnaround with the retail giant reporting higher sales and headline profits, although operating profits were hit by tough comparisons and higher costs.
Klarna UK boss Marsh to leave
Klarna’s UK boss Alex Marsh is stepping down from the buy-now-pay-later (BNPL) financier for personal reasons. A replacement has yet to be announced.
Courrèges gives out a phone number to discover Le Messager, its new fragrance
Courrèges unveils its new fragrance and tells its story via Instagram where a phone number allows callers to listen to poems but most of all to discover the fragrance.
r.e.m. beauty gets strategic investment from Sandbridge Capital
Ariana’s Grande’s r.e.m. beauty brand has announced a strategic investment led by consumer-focused private investment firm Sandbridge Capital that will help it "optimise its global potential".
LVMH: Gonzague de Pirey takes over as chief omnichannel and data officer
The world's top luxury goods company is recruiting Gonzague de Pirey to head the group's omnichannel, data and AI, and digital customer service centres of expertise for its Sephora brand, as of 1 June.
Brazilian antitrust authority approves sale of Aesop to L'Oréal
The Brazilian antitrust authority has determined that Aesop's exclusive direct-to-consumer online sales model in the country would not impact free competition, thus approving its acquisition by L'Oréal.
UK consumer confidence rises again but stays negative
UK consumer confidence continues to move higher. From the record lows of late 2022, a steady recovery has gathered pace.
Riviera inspires summer style as Harrods opens Celine pop-up, PLT launches capsule
Celine has this week opened a summer-themed pop-up inside Harrods in London, inspired by St Tropez, while at the other end of the price scale, PrettyLittleThing is also thinking all-things Cote d’Azur.
Bath & Body Works beats quarterly profit estimates on higher prices
Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, sending its shares up over 9% in premarket trading.
Laneige expands into the United Kingdom, Middle East
Amorepacific is bringing its flagship global skincare brand Laneige to the United Kingdom and the Middle East.
Farfetch still loss-making in Q1 but bosses pleased with major progress
Farfetch’s Q1 was an underlying story of progress with talk of a return to profits soon. But it also suffered from the negative impact of currency exchange and a tough backdrop meant more red ink in the accounts.
Liverpool One gets record Eurovision boost
The result might not have been a good one for the UK’s entrant at last weekend’s Eurovision Song Contest, but Liverpool, which staged the event, enjoy record 2023 footfall and sales at its key shopping mall.
April sales rise in Scotland but fashion demand weak as food sales dominate
April’s Easter holiday uplift in England was also seen north of the border last month as Scottish sales for the 2-29 April period rose 9%.
YNAP names new Middle East GM
Online fashion giant Yoox Net-A-Porter (YNAP) has named Celine Lefebvre as its General Manager for the Middle East, effective 23 May.