The French cosmetics giant has reinforced its presence in the Asian start-up ecosystem, supporting Chinese innovation in the beauty industry by taking a stake in venture capital fund Cathay Innovation.
International shopper spending growth is slowing in the UK and that's bad news for luxury fashion labels, although on the plus side, those shoppers who do visit Britain seem to be spending more per transaction.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.
A leading analyst has said that Harrods really needs to connect with more shoppers in the UK and also to drive more online sales from its tourist fanbase if its wants to push GTV higher as rival Selfridges is doing.
The privately-held North American company, which split from Avon Products Inc. in 2016, is set to debut a lineup of new product collaborations under LG, including collections with The Face Shop and Chi.