LVMH’s premium beauty operation Sephora has confirmed the widely expected acquisition of Feelunique. It has signed a deal with Palamon Capital Partners and other shareholders to take over the UK-based beauty e-tailer.
Being a listed business has its advantages, but also means closer scrutiny and a need to respond to the interests of shareholders. Both long-time-listed JD Sports and newcomer THG have felt this keenly in recent days.
It seems 4,000% growth in a year isn’t quite enough. So fashion and beauty online discounter Secret Sales has secured £10 million in new funding to ensure it remains at the forefront of the booming sector.
German retail giant Otto Group is planning to list its About You fashion retail operation on the Frankfurt Stock Exchange as the lockdown easing across Europe mean its occasion and partywear offer should see a boom.
Fast-growing sports label Castore has expanded its McLaren deal to the car marque's Forumula One team. The brand is adding the important new element to its link-up after the launch of their first collection last year.
The Hut Group (THG) swung to an operating loss in its 2020 financial year as one-off items drove it into the red. However, the company’s revenues surged during the period as all divisions outperformed.