Switzerland’s Clariant expects its markets to stabilise at a lower level next year, the speciality chemicals company said on Wednesday after reporting weaker than expected earnings and sales in its third quarter.
In a surprise move, luxury department store Harrods has announced that it will open its first standalone store outside of London next spring with a specialist beauty unit at Intu’s Lakeside shopping centre in Essex.
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.
Subscription boxes continue to win new fans in the UK and while food is the most popular product category, beauty is second with the channel becoming a key one for beauty product sales, especially to young consumers.
The US-based global retail pharmacy operator announced on Friday that it has appointed 17-year Kraft Heinz and Kraft Foods vet Francesco Tinto as global chief information officer and senior vice president.