The latest news
Frasers Group continues building ASOS stake, now owns nearly 10%
Frasers Group has again increased its stake in ASOS, which has been at the centre of takeover speculation. It has seen acquisition-hungry Frasers upping its stake to almost 9.9% from 7.4% as the week started.
Metaverse Beauty Week to kick off on 12 June, to include IRL events
Metaverse Beauty Week (MBW) launches on Monday. Running from 12-17 June, it will feature multiple brand activations from Neutrogena, Flannels, Glossybox, Lottie London, Lush and more.
Some ASOS suppliers cut links with e-tailer for now, Frasers raises stake
Some suppliers of online fashion retail giant ASOS are pulling back from supplying the company with goods following the withdrawal of credit insurance for the firm, according to a newspaper report on Wednesday.
L’Oréal invests in US biotech company Debut
L’Oréal has bought a minority stake in US biotech company Debut, a specialist in synthetic biology.
ASOS sees bid approach as share price slumbers - report
ASOS is believed to have received a £1 billion takeover approach a few months ago from a Turkish company taking advantage of the potential in its giant market but also its falling share price.
Revolution beauty narrows losses as sales rise in H1
It's only a few days since the last set of Revolution Beauty results were released, but they were the delayed figures for FY22. On Friday, it almost got back on track with its results for H1 of FY23.
Unilever CFO Pitkethly to leave company by May 2024
Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.
Chanel to double London HQ space
News last week that Chanel’s sales rose in double digits in 2022 was followed by the company saying it would double the size of its global HQ in London’s Mayfair and will move in during 2025.
New official figures show UK tourist visits still well behind 2019
The Office for National Statistics International Passenger Survey has shown that tourist visitors to the UK are well below 2019 levels with the New West End Co directly blaming the abolition of tax-free tourist shopping.
Revolution Beauty results finally released, losses widen
Revolution Beauty has finally reported its much-delayed results for the year to February 2022 and operating losses surged to £38.8 million, wider by almost £30 million, although revenue jumped 35% £184.6 million.
Chanel opens Battersea beauty and eyewear boutique
Chanel is the latest big name to endorse the multi-billion pound mall development at Battersea Power Station and has just opened a new beauty and eyewear store there.
Valentino opens new Paris home on Avenue Montaigne
Valentino has unveiled its new store in Paris, having “reinvented itself” on Avenue Montaigne. The change of address gives it more space for its offer of both women’s and men’s RTW and accessories over three floors.
ASOS reveals new £75 million financing success, Bestseller owner participates
ASOS has announced it has raised £75 million in cash from shareholders as the struggling online retail giant seeks to strengthen its finances.
Revolution Beauty appoints new chairman as co-founder finally departs
Another boardroom change for the troubled Revolution Beauty Group. But at least this one was expected with the multi-channel mass beauty retailer appointing Derek Zissman its new Non-Executive Chairman.
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.
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.