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Debenhams collapse left unsecured creditors with £1.3bn losses

Debenhams collapse left unsecured creditors with £1.3bn losses

It’s been a tough month for unsecured creditors of failed retail companies. But money owed by Hunter Boot (£112.8 million) and Edinburgh Woollen Mill Group (£167 million) are dwarfed by the cost of Debenhams’ failure.
Fashion
Matalan hires Retail and Supply Chain execs as its Ops Director moves on

Matalan hires Retail and Supply Chain execs as its Ops Director moves on

​Value omnichannel fashion and homewares retailer Matalan has made two key senior executive appointments with Phil Hackney joining as Chief Supply Chain Operations Officer and Katherine Davis as Chief Retail Officer. 
Fashion
Revolution Beauty responds to Boohoo move, aims to postpone AGM

Revolution Beauty responds to Boohoo move, aims to postpone AGM

The turmoil surrounding Revolution Beauty Group intensified Wednesday as the beleaguered beauty supplier/retailer aims to postpone next week’s AGM in the face of “hostile shareholder actions” by Boohoo Group.
Beauty
UK inflation stays high, fashion prices still rising

UK inflation stays high, fashion prices still rising

​UK inflation is proving more stubborn than expected and despite widespread predictions of a fall in May, the latest figures from the Office for National Statistics show that hope to be wide of the mark.
Fashion
THG says trading improves, predicts profitability increase

THG says trading improves, predicts profitability increase

​E-tailer and tech specialist THG issued a trading update on Wednesday and said it’s seeing “strong profitability progression with cash generation ahead of expectations in H1 2023”.
Fashion
Cosmoprof North America returns for 20th edition

Cosmoprof North America returns for 20th edition

Business-to-business beauty exhibition Cosmoprof North America announced on Tuesday that it will return to a one-hall format for its 20th edition to ease navigation between different product sectors.
Beauty
AI predicts digital future for UK high street - report

AI predicts digital future for UK high street - report

We’re hearing a lot about artificial intelligence at the moment and the stories seem to veer from the end of the world as we know it to a boon for humankind. And the latest is definitely on the gloomy side.
Fashion
Revolution Beauty now takes legal action against founder Adam Minto

Revolution Beauty now takes legal action against founder Adam Minto

Revolution Beauty just can’t catch a break. Uncertainty continues to plague the troubled beauty business with news it’s set to take legal proceedings against the company’s founder and former CEO Adam Minto. 
Beauty
Father's Day is buoyant for The Perfume Shop

Father's Day is buoyant for The Perfume Shop

​The Perfume Shop has seen strong sales around one of the year’s key gifting days — Father’s Day —  with the company reporting a sales jump and high demand for big-name brands in the past fortnight.
Beauty
Next surprise trading update reveals warm weather sales boom

Next surprise trading update reveals warm weather sales boom

​Unscheduled trading updates are usually cause for alarm. But Monday saw one from Next and given that this is one of the most successful retailers in the UK, it's unsurprising that it contained good news, not bad.
Fashion
Boohoo aims for boardroom coup at Revolution Beauty, wants McGeorge to head the firm

Boohoo aims for boardroom coup at Revolution Beauty, wants McGeorge to head the firm

​Boohoo Group may be under pressure in its own business but a company in which it holds a large stake — Revolution Beauty — is under even more pressure and on Monday Boohoo moved to exercise more control over it.
Beauty
Hermès opens first store in Aspen, Colorado

Hermès opens first store in Aspen, Colorado

​The environment for European luxury brands in the US may have got a little tougher in recent months, but Hermès has said US store traffic continues to rise and it has now opened a store in Aspen, Colorado.
Luxury
Second Kate Moss Diet Coke campaign unveiled with retro inspiration

Second Kate Moss Diet Coke campaign unveiled with retro inspiration

​Coca-Cola was clearly pleased with the first iteration of its high-profile relationship with Kate Moss a year ago as its Diet Coke brand is back for a second link-up with the supermodel-turned-beauty-entrepreneur.
Fashion
Lalique and Vilebrequin expand in Burlington Arcade

Lalique and Vilebrequin expand in Burlington Arcade

​One of London’s highest-end and oldest luxury shopping destinations — Burlington Arcade in Mayfair — has announced that Vilebrequin and Lalique have taken on second boutiques within the Arcade.
Fashion
Sixth Street considers bidding for Bed Bath & Beyond assets

Sixth Street considers bidding for Bed Bath & Beyond assets

Bed Bath & Beyond's lender Sixth Street Partners is considering bidding for at least some of the bankrupt retailer's assets, the Wall Street Journal reported on Thursday, citing a court hearing.
Beauty
THG Ingenuity in PwC link to help brands create better websites

THG Ingenuity in PwC link to help brands create better websites

THG’s commerce tech division, Ingenuity, has formed a strategic alliance with international professional services giant PwC, “to help brands design, build and run immersive customer experiences online”.
Fashion