Victoria Beckham’s self-named fashion brand is set to launch a beauty line this year. The brand has appointed former Estee Lauder head of global make-up development and marketing Sarah Creal, who will be the co-founder and CEO of Victoria Beckham Beauty. This comes less than three years after Victoria made her first...
Levi’s filed documents to list itself on the New York Stock Exchange on Wednesday. This will mark its first return to public markets in over three decades. The jean maker now faces rapid changes in consumer tastes, as people move more to the cheaper alternatives and athlesiure apparel. Levi’s, which is over...
The Co-op has announced plans to launch a franchise offering for the first time in its 175-year history. The supermarket retailer said that it plans to create ‘a significant number of new Co-op branded stores’, as well as license its brand to independent retailers. This comes as part of its progressive expansion...
Weekday is set to open a second store in Paris this year. The brand first opened in France in April 2017. The exact location of the store is yet to be revealed, but H&M has said that it will be located in the Saint-Martin canal area next summer. Weekday was founded in 2002...
One of Liberty London’s major investors is exploring options for a potential sale of its stake in the business, according to Sky News. BlueGem Capital Partners is said to be looking for around £300 million for its stake in the famous department store, which is located just off of Regents Street. BlueGem...
Derbyshire based department store Bennetts, which is hailed as the world’s oldest department store, has fallen into administration following lower consumer confidence, growing online competition and growing costs. The retailer opened the doors to its first store in Derby, in the heart of the Cathedral Quarter in 1743. It then opened...
Nearly 20,000 jobs have been lost or put at risk since Christmas, following the collapse of several retailers due to tough trading conditions. Data by real estate research company Altus, shows that 14,377 jobs have been lost while a further 4,345 remain at risk. Robert Hayton, head of UK business rates at Altus,...
Debenhams has secured a £40 million cash injection after holding talks with its lenders. In a statement, the department store retailer said that the facility agreement will ‘act as a bridge to facilitate a broader refinancing and recapitalisation’. Sergio Bucher, Debenhams chief executive, said: "Today's announcement represents the first step in our...
Retail footfall has declined by 0.7% in January, marking a 14th consecutive drop in the figure. Data from the British Retail Consortium and Springboards monthly footfall monitor show that the figure is lower than the 1.6% decline experienced in January 2018. Helen Dickinson, BRC chief executive, said: “Footfall fell by less than...
Sports Direct has cancelled a bid to save Patisserie Valerie from administration, just two days after tabling the offer. Mike Ashley announced his bid on Friday evening. Sports Direct offered £15m, but according to the Financial Times, administrators KPMG told the retailer that it would need to offer at least £2m more...
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