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Citigroup seeks longer Revlon fund freeze during appeal over botched payment

Citigroup seeks longer Revlon fund freeze during appeal over botched payment

Citigroup Inc wants a U.S. judge to extend a freeze on about $504 million that it mistakenly sent a group of Revlon Inc lenders, while it appeals his decision that they can keep the money.
Beauty
​Caledonia Park designer village refurb reaches major milestone

​Caledonia Park designer village refurb reaches major milestone

Heralded as becoming “Scotland’s premier designer village” the Caledonia Park redevelopment in Gretna has completed a “significant” first phase, according to the project’s investor RPMI Railpen.
Fashion
UK in top three for cross-border e-shopping popularity

UK in top three for cross-border e-shopping popularity

Britain’s size is immaterial when it comes to e-commerce. The UK is the third most shopped market for international online purchases, only behind China and the US, according to a report.
Fashion
London-based Vogacloset sells majority stake for Middle East growth

London-based Vogacloset sells majority stake for Middle East growth

​UK-based fashion e-tail platform Vogacloset is selling a 51% stake to Fawaz Abdulaziz Alhokair Co, the leading franchise retailer in Saudi Arabia, and Arabian Centres Company.
Fashion
Interparfums reports 80% rise in earnings, ups guidance for 2021

Interparfums reports 80% rise in earnings, ups guidance for 2021

The fragrance maker announced Q4 net income of $14.7 million on Monday, representing an 80% increase from $8.2 million in the same period in the previous year. The company also raised its financial outlook for 2021.
Beauty
Landsec names data expert as new non-exec director

Landsec names data expert as new non-exec director

Data and analytics expert Manjiry Tamhane has joined property giant Landsec as an independent non-executive director. 
Fashion
More calls for retail tax changes, support for female-focused businesses in budget

More calls for retail tax changes, support for female-focused businesses in budget

Ahead of Wednesday’s key budget, the government has received calls to cut retail taxes and provide extra support for women in business.
Fashion
UK shopper footfall still rising ahead of lockdown easing

UK shopper footfall still rising ahead of lockdown easing

UK shoppers are continuing to flood back to stores, even though most remain closed at present, and this bodes well for non-essential stores reopening next month.
Fashion
Debenhams shuts Scottish stores, won't return for liquidation sales post-lockdown

Debenhams shuts Scottish stores, won't return for liquidation sales post-lockdown

Debenhams is closing its 15 Scottish stores immediately with 647 job losses as a result, its administrator said in an update on the process to wind down the remaining parts of the business that Boohoo didn't buy.
Fashion
John Lewis is opening concessions in sister brand Waitrose

John Lewis is opening concessions in sister brand Waitrose

​John Lewis Partnership has been quietly opening John Lewis department store concessions in its Waitrose supermarkets. And while only a few have opened so far, it's reportedly planning to speed up this process.
Fashion
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
£5bn funding due in Budget to get stores up and running again

£5bn funding due in Budget to get stores up and running again

This week’s UK Budget is set to include £5 billion of funding for grants (known as restart grants) to struggling businesses, including shops and salons.
Fashion
Estée Lauder signs Ana de Armas as brand ambassador

Estée Lauder signs Ana de Armas as brand ambassador

Estée Lauder has signed Golden Globe Award-nominated actress Ana de Armas as its new global brand ambassador.
Beauty
Margaret Zhang named editor-in-chief of Vogue China

Margaret Zhang named editor-in-chief of Vogue China

The 27-year-old Chinese-Australian fashion influencer has been appointed as editor-in-chief of Vogue China, becoming the youngest person to hold the position at any of the magazine’s international editions.
Fashion
Boots' shift to digital sees 300 HQ jobs culled

Boots' shift to digital sees 300 HQ jobs culled

Citing “changing consumer behaviours” due to the coronavirus pandemic, Boots on Friday announced major job cuts at its head office operations.
Beauty
Sephora to expand U.S. retail footprint with over 260 stores

Sephora to expand U.S. retail footprint with over 260 stores

Sephora announced on Thursday its largest store expansion in the retailer’s 21-year history, cementing its confidence in the future of brick-and-mortar in the U.S.
Beauty