After months of speculation about who would become the new owner of the UK health and beauty Boots business, the answer is… nobody. Its current owner has pulled it from sale with buyers unwilling to pay a premium price.
The sports market continues to grow and that means we’re seeing plenty of launches and deals at present with the latest deal being for a UK business and a French one that are combining to create a major sports group.
Nike beat estimates for quarterly revenue on Monday, as strong demand for its athletic apparel and sneakers in Europe helped the company counter lower sales in China following pandemic-related lockdowns in the country.
Beauty specialist Warpaint London's update on Monday and said “the group has experienced strong trading in 2022 to date with the brands' proposition resonating with customers, both in the UK and internationally”.
It looks like Cath Kidston could be up for sale just two years after the company's pandemic-linked collapse saw it retreating from much of its physical retail chain and cutting close to a thousand jobs.
At Kering’s Imagination Lab in Paris, Grégory Boutté, the luxury group's chief client & digital officer, spoke to the press about cryptocurrencies, AI, test-and-learn and his vision for the metaverse and Web3.
After leaving his position as CEO of French event sales site Showroomprivé in December, Thierry Petit has sold his 17.61% stake in the company. Eric Sitruk, soon to own a 7.5% stake, is set to become a board member.
Birks Group announced on Thursday revenues for the fiscal 2022 year surged by more than 25%, on the back of a hefty increase in comparable store sales, with revenues for the year outperforming pre-pandemic levels.
The wisdom of building major shopping destinations adjacent to giant entertainment complexes has been made very clear with the return of large-scale events at Wembley Stadium boosting London Designer Outlet (LDO).
Franchise Group is considering lowering its bid for department store chain Kohl's Corp to closer to $50 per share from about $60 apiece, CNBC reported on Wednesday, citing a source familiar with the deal talks.
Ebay Inc. announced on Wednesday it has acquired non-fungible token marketplace KnownOrigin for an undisclosed amount, as the U.S. e-commerce marketplace looks to strengthen its product offering for digital collectors.