A trading update from Primark's parent company on Thursday showed the fashion retail chain is bouncing back from the pandemic, with the US business a standout performer. But city centre stores globally still struggle.
Unilever PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline's consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound offer that GSK previously rejected.
There was mixed news from In The Style on Wednesday. Although the womens fashion e-tailer said it had performed strongly in the ‘golden quarter’, it also revealed its CFO/COO Paul Masters is leaving due to ill health.
British Prime Minister Boris Johnson announced the end of Covid-19 measures introduced to curb the rapid spread of the Omicron variant in England as he looks to live with the virus after a peak in cases.
Pentland Brands’ Ellesse label is moving back into ski-wear with a new winter sports line. And to support the debut, it has a three-year partnership with Tomorrowland Winter, the electronic music festival in the Alps.
Burberry’s full-price sales continued to grow in double-digits compared with two years ago in the 13 weeks to December 25, underlining the ongoing recovery both at the company and in the luxury sector as a whole.