The latest news
Butler Industries acquires majority stake in fashionable restaurant L’Ambroisie
Walter Butler and his group Butler Industries announced on Thursday the acquisition of a majority stake in the fashionable Parisian restaurant L’Ambroisie.
New data shows end of UK VAT-free shopping again boosts Europe
The UK government has been asking for evidence that the end of the VAT-three shopping perk for tourists is hurting British retail and payment software specialist Planet came up with some of that again on Friday.
M&S to press ahead with self-service till rollout
M&S is on a mission to cut costs by more than £400 million over the next five years, and among a raft of store initiatives is a plan to roll out hundreds more self-service tills.
Happy Armani buoyant in 2022, says China bounces back in Q1 2023
Armani Group’s 2022 results have shown ongoing progress at one of the world’s best-known luxury names as net revenues jumped 16.5% to €2.35 billion and profit rose even faster.
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.
M&S clothing chief Price to join Fabacus board
One of the UK retail’s highest-profile execs — Richard Price, MD of Clothing and Home at M&S — is to join Fabacus, the data management and bureau service for the licensing industry, as a member of its Advisory Board.
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.
Mallet London launches new sneaker design as business evolves
Mallet London has been quietly reimagining its shoe collection in recent months with a focus on widening its appeal via the creation of new styles. And with this in mind it has unveiled a new shoe, the Neptune Sneaker.
Lestrange is opening biophilic design store in Coal Drops Yard
Menswear brand Lestrange is opening a store in the popular Coal Drops Yard retail area of King’s Cross, London. The “impact-conscious” brand, which is “rooted in the principles of biophilic design”.
Joe Fresh, Life at Home launch co-branded collection with Jillian Harris
Joe Fresh has teamed up with Loblaw's in-house homeware brand Life at Home to launch their first co-branded collection with lifestyle maven, Jillian Harris.
Furniture brand Cassina opens largest store worldwide in Los Angeles
After recently buying Zanotta, another premium Italian furniture and design brand, Cassina has opened on North Robertson Boulevard in West Hollywood a 1,200 square-metre store on two levels, its largest worldwide.
M5, Museum of Peace and Quiet, Alchemy Works to join new Free Market Los Angeles Arts District
Free Market Los Angeles opened its first space with the opening of a pop-up art gallery. Several brands including M5, Museum Peace and Quiet, and concept store Alchemy Works should be part of the project.
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.
Angelina Jolie ventures into sustainable fashion design with Atelier Jolie
Atelier Jolie aims to empower customer creativity by utilising surplus garments, promoting a fashion movement rooted in recycling, and actively involving refugees.