Miscellaneous
The latest news
Ted Baker to close a third of UK stores, including those in major malls
After its UK arm’s administration filing, Ted Baker is to close 15 of its British stores with as many as 245 jobs being lost as a result.
Fashion
John Lewis finds new Chairman among Tesco's ranks
The John Lewis Partnership has announced its new Chairman following Sharon White’s decision to step down at the end of her term. Her replacement? Former Tesco exec Jason Tarry.
Fashion
Retailer insolvencies accelerate, fashion hit hard - report
The number of retailers going insolvent in Britain has leapt 19% in the past year with a spate of big-name failures including The Body Shop, Ted Baker, Farfetch, Matches and Wilko.
Fashion
Body Shop administrators plan CVA, retailer owed £276m before collapse
The Body Shop’s insolvency practitioners are planning a company voluntary arrangement (CVA) to help it survive as the full extent of its money problems has become clearer.
Beauty
Footfall down again, but at least sluggish March beat dismal February
On the same day that the latest BDO report showed UK retail sales falling last month, a new footfall report also showed visitor traffic to stores in decline.
Fashion
UK retail sales sluggish in March, but fashion edges up online
There’s been little good news coming out of UK retail in recent periods and so it was on Friday with high street sales data from BDO for March.
Fashion
Space NK owner mulls full or partial sale - report
Is Space NK about to be put up for sale? Possibly, according to a news report this week that said owner Manzanita Capital is targeting a £300 million to £400 million value for the upscale beauty chain.
Beauty
The Body Shop France goes into receivership
The Body Shop France, which operates 66 stores and has 260 employees, was placed in receivership on Thursday April 4 by the Paris trade court, with a monitoring period of six months.
Beauty
London's Angel Central hosts new store for Kiko Milano
Italian beauty brand Kiko Milano is to open a new store at Angel Central, the fast-growing retail and leisure destination situated in the heart of Islington, north London.
Beauty
New Borough Yards arrivals herald Stonecutters Lane debut for emerging brands
Fledgling retail area Borough Yards has signed four new independent retailers to join its “culinary and cultural neighbourhood” in Southwark, near London Bridge and the popular Borough Market.
Fashion
New plans for ex-Fenwick Bond Street store approved, retail space shrinks
Having lost one of its landmark sites in February, high-end New Bond Street in London is also about to lose valuable retail space too.
Fashion
Mytheresa among those mulling YNAP buy - report
Richemont’s renewed attempts to divest Yoox Net-A-Porter have attracted the attention of luxury rival Mytheresa, a report has claimed. It's believed to be among potential bidders to buy loss-making e-tail giant YNAP.
Fashion
Superdrug to spend £1m on cutting suncare product prices
In what continues to be a burning issue, health & beauty retailer Superdrug is to invest £1 million to ensure sun protection is affordable and high on the list of its customers’ summer essentials.
Beauty
Secret Sales acquires Germany's Dress-For-Less
Fast-growing British off-price e-tailer Secret Sales is acquiring Germany-based Dress-For-Less, which it said is “Europe’s leading discount fashion and beauty retailer”.
Fashion
Frasers Group board now includes boyfriend of owner's daughter
Normally, a long-standing COO who's promoted to the board is news in its own right. But when its Frasers Group and the new director is the boyfriend of Mike Ashley’s youngest daughter, the news becomes a media event.
Fashion
L'Oréal fund invests in UK plant-based pigments business
Sparxell, a UK plant-based colour creation start-up by Cambridge University academics that has applications in beauty and textiles, has secured £2.5 million from backers including the French beauty giant L’Oréal.
Fashion