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French presidential palace requested LVMH letter - sources

French presidential palace requested LVMH letter - sources

France's presidential palace asked Foreign Minister Jean-Yves Le Drian to send luxury goods company LVMH a letter advising it to defer its acquisition of U.S. jeweller Tiffany, two sources said.
Luxury
Unilever clears first hurdle in planned unification move

Unilever clears first hurdle in planned unification move

​Unilever NV shareholders have approved plans to end the Anglo-Dutch company's dual-headed corporate structure and form a London-based entity, which it says will make dealmaking simpler.
Beauty
UK footfall stays weak, Central London still down more than half

UK footfall stays weak, Central London still down more than half

​Visitor traffic to retail destinations rose in the latest week, up 2.4% compared to the week before. But that wasn't the good news it might have been as the previous week had seen a footfall drop of 6.3%. 
Fashion
UK retail in shock as government to end tax-free shopping for non-EU tourists

UK retail in shock as government to end tax-free shopping for non-EU tourists

The UK government is being urged to reconsider its decision to almost completely opt out of tax-free shopping at the end of the year with retailers and the bodies that represent them saying it would be a catastrophe.
Fashion
'Local' London destinations almost back to full health but West End slumbers

'Local' London destinations almost back to full health but West End slumbers

​Footfall to London’s West End remain down by around half year-on-year even though visitor traffic to more ‘local’ London retail destinations is on its way to a full recovery.
Fashion
Regent Street landlord Crown Estate hangs on to cash to survive the pandemic

Regent Street landlord Crown Estate hangs on to cash to survive the pandemic

​The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Fashion
Aspinal of London CVA to mean store closures

Aspinal of London CVA to mean store closures

​Aspinal of London is the latest British retailer to launch a CVA proposal as the effects of a pandemic have made its current business model unviable.
Fashion
Westfield owner boosts finances, says sales and footfall improve

Westfield owner boosts finances, says sales and footfall improve

The French shopping centres giant has updated on footfall, sales and rent collections, as well as announcing a plan to “strengthen its balance sheet and increase financial flexibility to execute its long-term strategy”.
Fashion
Next is strong despite lockdown sales falls, online and beauty power ahead

Next is strong despite lockdown sales falls, online and beauty power ahead

​Next delivered a well-received set of half-year results on Thursday and as well as demonstrating its relative strength during the pandemic, they highlighted some very encouraging current trading. 
Fashion
Retail entrepreneur Claudio Antonioli acquires Ann Demeulemeester

Retail entrepreneur Claudio Antonioli acquires Ann Demeulemeester

​Italian fashion entrepreneur Claudio Antonioli has acquired Antwerp-based Ann Demeulemeester. The designer, who exited her label in 2013, welcomed the news that the New Guards Group co-founder has taken control.
Fashion
Global-e gets key new exec from Boden, links with Never Fully Dressed

Global-e gets key new exec from Boden, links with Never Fully Dressed

​Cross-border e-commerce specialist Global-e has named a former Boden exec as its VP of Business Development and has also signed up Never Fully Dressed to its platform.
Fashion
Global landlord Grosvenor introduces 'green' leases

Global landlord Grosvenor introduces 'green' leases

​As businesses and consumers continue to expect retail to change its behaviour post-pandemic, giant landlord Grosvenor said it’s introducing ground-breaking ‘green’ leases.
Fashion
Inditex back in profit, digital sales surge

Inditex back in profit, digital sales surge

Inditex had good news on Wednesday, returning to profitability as it recovered from the major hit it took at the height of the pandemic-linked lockdowns.
Fashion
America's wealthy likely to power pandemic-hit U.S. holiday sales: Deloitte

America's wealthy likely to power pandemic-hit U.S. holiday sales: Deloitte

The wealthy in America are expected to splurge online for gifts and home decorations this holiday season, even as the Covid-19 pandemic erodes sales growth to the slowest in at least a decade, according to a forecast.
Fashion
Kohl's cuts 15% of corporate workforce due to coronavirus

Kohl's cuts 15% of corporate workforce due to coronavirus

The Menomonee Falls, Wisconsin-based department store chain announced plans to reduce its corporate workforce by 15% on Tuesday in an effort to cut costs during the coronavirus pandemic.
Fashion
UK footfall recovery stalls as kids return to school

UK footfall recovery stalls as kids return to school

​The UK’s footfall recovery seems to have stalled with the latest figures from tracking firm Springboard showing a 6.3% week-on-week drop in the seven days to September 12.
Fashion