UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
Freemans is on an early ad attack in a bid to gain a promotional advantage in the run up to Christmas. The launch of three TV ads for AW21 comes three weeks earlier than in 2020 “to meet customer demand".
As London gradually recovers from the pandemic but footfall remains well below pre-Covid levels, London’s West End shopping district is in for a £5 billion investment windfall over the next five years.
At the event’s inaugural conference, Pascal Morand, executive president of the French Haute Couture and Fashion Federation, presented a software to measure the event's impact, and the federation’s support of new labels.
Xmas shopping is expected to see an early start this year in the UK with a survey showing only 9% of shoppers will leave it until December to make their purchases. But December 18 will still be the season's busiest day.
H&M Group sales are continuing to recover as its markets reopen, although it’s not bouncing back as fast as some rivals. That said, its net sales in local currencies increased by 14% year-on-year in Q3.
Boohoo Group hit another sales record in the first half with the company reporting H1 sales were even closer to the magic £1bn figure and that it doubled its market shares in the UK and US over the last two years.
Dior went into full court press in the first 48 hours of Paris Fashion Week – unveiling its new Cheval Blanc spa, feting its Dior Home and Kids creator Cordelia de Castellane, and unveiling a Miss Dior floral pop-up.
Following Sacai's Chitose Abe, it's the Belgian designer's turn to take charge of Haute Couture at Jean Paul Gaultier for a season. His collection will be unveiled at the brand's Parisian headquarters in January 2022.
Shareholders in British fashion and sports retailer Frasers Group on Wednesday backed a new executive share scheme that could earn chief executive designate Michael Murray £100 million ($137 million).
The new Queen The Greatest experiential pop-up store opened on Carnaby Street on Tuesday morning with a big focus on apparel as Universal Music Group’s Bravado unit looks to take advantage of rising West End footfall.