French cosmetics giant L'Oréal has created a new travel retail division to make the most of a 17-billion-euro ($23 billion) market that is booming as a new, moneyed middle class emerges from China to Brazil.
DFS Group, LVMH’s duty-free store operator, envisages opening its first European stores to cater to a growing number of Chinese tourists visiting the continent, citing France, Italy and Switzerland as prime locations.
Rising profits at home improvements group Kingfisher and fashion chain Next suggest conditions could at last be starting to get better for Britain's retailers after a prolonged squeeze in consumers' disposable incomes.
Europe's retail sector is set for a pick-up in takeover activity, despite a weak consumer outlook, as groups that restructured in the recession turn their focus to growth and confidence returns to private equity firms.
British budget fashion chain New Look launched its long-awaited initial public offering, hoping to take advantage of a tentative recovery in new issues and banish the ghosts of the last big UK retail IPO.