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.
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.
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.
High-end Austrian intimates specialist Wolford delivered its long-delayed 2021 annual results on Friday and the figures showed it’s improving and on the right track, although it’s still loss-making at a headline level.
Major Polish fashion retailer LPP Group, which owns fashion brands Reserved and Sinsay among others, performed “well” in its February-April quarter, a notable result "given the war on the eastern border”.