UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.
As the cosmetics industry scrambles to appeal to younger consumers, a new study has found that both boomer and Gen-X women feel ignored by the current product offerings and marketing campaigns of most beauty brands.
Ant Financial, an affiliate of China’s largest e-commerce company Alibaba Group, is in talks for a syndicated loan of up to $3.5 billion at a lower rate to slash debt costs, Bloomberg reported on Wednesday.
Givenchy has launched Givenchy Atelier, a capsule collection inspired by the brand’s haute couture heritage in a more accessible format, available for a month at Galeries Lafayette and several Givenchy stores.
Laura Ashley shares plunged more than 26% on Monday morning after the troubled fashion and homeware chain revealed its finance director and joint chief operating officer is leaving the company after two decades.