As expected, a poor performance from its retail operations hit the Grosvenor Group in its latest trading year as the pandemic caused the high-end property business to swing to its first loss since the financial crisis.
The financial cost of Covid could jump for many non-essential retailers, given a second High Court ruling over rent arrears. Retail group Frasers has been ordered to pay rents accrued since the start of the pandemic.
The Honest Company, the baby and beauty products brand founded by actress Jessica Alba and backed by L Catterton, announced on Friday an updated board of directors, effective upon it becoming a public company.
The beauty giant unveiled its new growth strategy at an investor event on Friday, revealing plans to reposition brands in its consumer beauty and skincare portfolios, and accelerate growth in prestige, China and digital.
The professional beauty supplies seller announced on Friday that it has appointed Brenda Rutenber as group vice president of stores and promoted Maryann Herskowitz to group vice president of merchandising.