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UK's competition body investigates Richemont-Farfetch deal for YNAP

UK's competition body investigates Richemont-Farfetch deal for YNAP

The UK’s Competition and Markets Authority (CMA) is looking into Farfetch’s purchase of a stake in Yoox Net-A-Porter, owned by Swiss luxury goods group Richemont, claiming it might reduce competition in the UK market.
Fashion
THG partners And Digital to scale and accelerate Ingenuity offer

THG partners And Digital to scale and accelerate Ingenuity offer

​THG Ingenuity has inked a strategic alliance with And Digital, the software engineering firm, “to accelerate digital transformation, help brands bridge the digital skills gap and unlock the potential of commerce tech”.
Fashion
LVMH, L'Oréal, Shiseido said to be vying to buy stake in Aesop

LVMH, L'Oréal, Shiseido said to be vying to buy stake in Aesop

According to Bloomberg, LVMH, L'Oréal and Japanese group Shiseido are competing to buy a stake in Aesop, the much sought-after premium beauty brand owned by Brazilian group Natura & Co.
Beauty
Farfetch, Outlier Ventures accept entries for next Dream Assembly Base Camp

Farfetch, Outlier Ventures accept entries for next Dream Assembly Base Camp

Farfetch said this week that it — along with partner Outlier Ventures (a global Web3 accelerator and investor) — has opened applications for Dream Assembly Base Camp Cohort Two taking place from April
Fashion
London's Oxford Street saw major revival over festive period

London's Oxford Street saw major revival over festive period

​The festive shopping season in the UK saw a noticeable revival of consumers visiting physical stores as they discovered the joys of shopping face-to-face. And that seems to have benefited London's Oxford Street. 
Fashion
Matchesfashion gets £60m cash injection from owner

Matchesfashion gets £60m cash injection from owner

​Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
Luxury
Hein Schumacher is new Unilever CEO

Hein Schumacher is new Unilever CEO

Global beauty and consumer products giant Unilever has announced its new CEO who’s set to take over from outgoing chief Alan Jope on 1 July. And his name? Step forward Hein Schumacher.
Beauty
H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
ASOS names key finance exec to team

ASOS names key finance exec to team

ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
News analysis: will it be a long road back to profit for Boohoo Group?

News analysis: will it be a long road back to profit for Boohoo Group?

Boohoo has fallen from grace spectacularly since the pandemic. But here's why we shouldn't write it off just yet, even though it might take some time for it to regain its former glory
Fashion
WGSN owner to put trends business up for sale

WGSN owner to put trends business up for sale

​WGSN and Cannes Lions owner Ascential delivered a strong trading update Wednesday, but also announced surprise news: its WGSN trends service is up for sale following a strategic review that it launched last spring.
Fashion
Board member Sanders becomes THG CFO, Gallemore moves to COO

Board member Sanders becomes THG CFO, Gallemore moves to COO

There’s been an executive reshuffle at the THG Group. Damian Sanders has been appointed Chief Financial Officer with immediate effect. That comes as previous CFO John Gallemore now becomes Chief Operating Officer.
Beauty
UK's Revolution Beauty names new US president

UK's Revolution Beauty names new US president

UK-based cosmetics and skincare brand Revolution Beauty has promoted Sara Staniford to President of its US operations. She previously held the role of Group Retail Director London.
Beauty
Primark performance justifies stores-only stance as city footfall bounces back

Primark performance justifies stores-only stance as city footfall bounces back

Primark's trading update has revealed more upbeat news with the chain “good in all markets and ahead of expectation”. Total sales and like-for-likes rose in double digits and city centre footfall recovered.
Fashion
​​Positive Luxury interview: biodiversity is the 'new black'; ignoring eco is a business risk

​​Positive Luxury interview: biodiversity is the 'new black'; ignoring eco is a business risk

New laws and changing consumer attitudes make ignoring sustainability a huge business risk, say Positive Luxury's co-CEOs. They also see biodiversity as the key issue for the sector at present.
Fashion
Condé Nast UK to leave Vogue House after 65 years

Condé Nast UK to leave Vogue House after 65 years

British Vogue’s long and storied association with London’s West End is coming to an end. After six decades+ (since 1958), publishing giant Condé Nast is moving out of its historic Vogue House officers on Hanover Square.
Luxury