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UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Waste is the latest source of inspiration for perfumers

Waste is the latest source of inspiration for perfumers

Previously destined for a life in the trash, strawberry residue, tangerine peels, and carrot seeds are now part of the new olfactory palette of the fragrance world.
Beauty
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
Shaftesbury boosts London's Berwick Street ownership with new buy

Shaftesbury boosts London's Berwick Street ownership with new buy

Landlord Shaftesbury, which owns a 16-acre portfolio in London's West End, has just got a little bigger in the retail area. ​The property giant has acquired a long leasehold in the lower floors of 92-104 Berwick Street.
Fashion
Landsec success heralds return to profit, launches new leasing partner model

Landsec success heralds return to profit, launches new leasing partner model

​Property giant Landsec — which owns most of Bluewater — spoke of its strong financial and operational position Tuesday, “expecting to deliver material growth in income”. And that's with UK economic turbulence factored in.
Fashion
UK footfall slips back in latest week

UK footfall slips back in latest week

​UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period. 
Fashion
CEO of AllSaints joins British Retail Consortium board

CEO of AllSaints joins British Retail Consortium board

​The British Retail Consortium (BRC) has beefed up the non-executive directors on its board with the appointment of two new names, including Peter Wood, the CEO of AllSaints.
Fashion
Lady Gaga rebrands cosmetics line, inks Sephora deal

Lady Gaga rebrands cosmetics line, inks Sephora deal

Lady Gaga's vegan and cruelty-free cosmetics brand Haus Laboratories is getting a revamp and new retail partner. 
Beauty
India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play - sources

India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play - sources

India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever.
Beauty
Fenty Beauty, Skin to make Africa debut

Fenty Beauty, Skin to make Africa debut

Fenty Beauty and Fenty Skin will launch across eight different markets in Africa, as the company's founder, Rihanna, looks to expand her skincare and beauty brand across the globe.
Beauty
L'Oréal names Emmanuel Goulin president and CEO of Italian subsidiary

L'Oréal names Emmanuel Goulin president and CEO of Italian subsidiary

French cosmetics group L'Oréal, owner of brands such as Yves Saint Laurent and Lancôme, has appointed Emmanuel Goulin as president and CEO of L'Oréal Italy. Goulin will succeed François-Xavier Fenart.
Beauty
Klarna Virtual Shopping launch aims to recreate in-store experience online

Klarna Virtual Shopping launch aims to recreate in-store experience online

​BNPL specialist Klarna has rolled out Virtual Shopping, “connecting online shoppers directly with experts in physical stores, through live video and messaging, to provide a highly personalised experience online”. 
Fashion
Shiseido cautious about 2022 forecast

Shiseido cautious about 2022 forecast

On Thursday, Japanese cosmetics group Shiseido confirmed its prudent forecast for the 2022 financial year, stating it is “hard to quantify precisely” the impact of the pandemic and of geopolitical tensions.
Beauty
Nexite announces major funding for physical retail-boosting tech platform

Nexite announces major funding for physical retail-boosting tech platform

Tech firm Nexite has announced a new funding injection. It takes its total funding up to $100m for its breakthrough Bluetooth tag and SaaS platform that boosts physical shopping and makes it more e-tail-like.
Fashion
Ex-Financial Conduct Authority boss worried on BNPL regulation slowdown

Ex-Financial Conduct Authority boss worried on BNPL regulation slowdown

​As the cost of living continues to rise, pressure is mounting on the UK government to push ahead to regulate the buy-now pay-later (BNPL) finance industry.
Fashion
Revolution Beauty names Lake new CFO

Revolution Beauty names Lake new CFO

​UK-based multi-brand beauty retailer Revolution Beauty Group has a new finance chief. Elizabeth Lake, former finance director at Hugo Boss UK, is set to replace Andrew Clark, who has announced his intention to leave. 
Beauty