London’s Seven Dials area has launched an initiative designed to help start-ups but also to boost the mix of appealing brands in the neighbourhood as it fights back in the battle to attract visitors post-lockdown.
Asda looks set to change hands, possibly as early as this week, with owner Walmart having entered exclusive talks with private equity firm TDR Capital. Walmart is expected to sell a controlling stake for over £6.5bn.
Eyewear giant Marcolin has named Alessandro Beccarini as its Style & Product Development Director with responsibility for the management and development of all the group’s eyewear collections worldwide.
Brand Architects reported its final results for the year to June on Monday and was upbeat despite making a loss. Tariff wars and the pandemic hurt its figures but its business transformation is on track.
Spanish singer Rosalía has joined the 26th anniversary of M.A.C Cosmetics' Viva Glam campaign and lipstick to support the M.A.C VIVA GLAM foundation which has been working for equality for all since 1994.
UK finance minister Rishi Sunak on Thursday unveiled fresh plans to help the pandemic-hit economy with a jobs support scheme to help people employed on shorter hours, but warned he could not save every business or role.
UK retail seems to be recovering in a very uneven way with some destination types recovering faster than others and local high streets faring better than city centres. Outlet malls in particular seem to be doing well.
Vivienne Westwood reported 2019 results this week and while the figures pre-date the current crisis, it seems confident that it has the strength to continue, despite saying that Covid-19 had a “profound impact”.
Beauty manufacturer and brand owner Warpaint London said on Wednesday that the first six months of the year saw its sales falling 29% to £13.5 million as a result of Covid-19 restrictions in the UK and internationally.