One would be forgiven for considering this weekend’s London Fashion Week as the Last Fashion Show, as the industry braces for the very real risk of a Brexit no deal and the likelihood of a slow but sure front-row exit.
Whilst a plan to close 100 of its stores by 2022 is underway in the UK, the retailer has agreed terms to open its first high street store in Spain in a move that represents a change of strategy for the company.
The Italian beauty retailer plans to invest €90 million to fuel growth in the next 3 years, and is in advanced talks with an investment fund interested in buying a stake. It will also close its US subsidiary.
As the Indian fashion and beauty industry pour over the Union Government’s new budget, many are disappointed by higher tax rates on many cosmetic items that already have some retailers preparing to raise their prices.