Sknups, a UK digital collectibles platform for fashion and beauty creators in the metaverse, has raised $3.5 million in pre-seed funding from fashion and web3 innovators.
L'Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming "even more complicated.
Sales of luxury goods are set to rise at least 5% this year as shoppers in the US and Europe continue to snap up high-end watches, jewelry and shoes despite political uncertainty and soaring inflation, Bain said Tuesday.
Castore co-founder Tom Beahon said the company is ramping up its expansion drive despite the current tough economic backdrop. He said a “very strong core brand and value proposition… can be successful no matter what”.
The Dallas-based retailer takes a holistic approach to its three pillars of sales engagement: its online channel, remote selling platform, and wholehearted commitment to physical retail.
The Spanish company is divesting its stores to its franchisees in Russia, which until the end of 2021 was Mango's fifth-largest market.
PredictSpring has raised $16 million in Series B funding to accelerate the growth of its omni-channel business and grow its R&D and go-to-market teams.
Retail stalwart Stuart Rose has joined business leaders in calling on the government to act on the cost of living crisis and rocketing inflation. The Asda chairman has urged ministers to help struggling households.
Long-awaited proposals to tighten buy-now-pay-later (BNPL) rules in the UK have been tabled by the government In a bid to improve protection for users of the short-term credit.
Paul & Shark is forecasting a 2022 revenue of €130 million, a 3-4% growth over 2019. At Pitti Uomo 102, it launched Re-Sail, a project for upcycling used sails, and is focusing its retail efforts on sub-Saharan Africa.
The struggling Sailmakers shopping centre in Ipswich has been bought by UK developer ALB Group for an undisclosed sum. And the new owner said it plans to develop the 133,000 sq ft mall and to take a “fresh approach”.
It’s been so long on the market, Boots may be in danger of missing its sell-by date. With inflation and interest rates rising on both sides of the Atlantic, a deal to buy the retailer could be at risk of collapsing.
Primark had big news on Monday and no, it wasn’t that trading is going well (which it is). It was that the company is working on a UK launch of a trial Click & Collect service for the end of this calendar year.
Lifestyle brand Saysh announced on Friday it has inked $8 million in its latest Series A funding round, led by Gap Inc.-owned Athleta and specialist consumer fund Iris.
Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported on Friday, citing sources.
