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Men’s grooming to see boost in popularity this Father’s Day

Men’s grooming to see boost in popularity this Father’s Day

With 75% of Americans planning to celebrate Father’s Day in 2020, the number of consumers intending to purchase personal care products as gifts has shot up 21% compared to last year, according to NRF.
Beauty
Europe loosens lockdown as virus tightens grip on Americas

Europe loosens lockdown as virus tightens grip on Americas

Europe took bolder steps to ease coronavirus lockdowns Monday, despite fears of a second wave of infections, while in Latin America new cases climbed past the one million mark.
Others
Capco in talks to buy stake in rival landlord Shaftesbury

Capco in talks to buy stake in rival landlord Shaftesbury

Covent Garden landlord Capital & Counties (Capco) has confirmed it is negotiating a deal to buy a 26.3% interest in Shaftesbury, which owns a large property portfolio in London’s West End.
Others
FedEx reportedly set to take stake in German deliver firm Hermes

FedEx reportedly set to take stake in German deliver firm Hermes

U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday. 
Others
Hammerson CEO to step down next year at the latest

Hammerson CEO to step down next year at the latest

Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
Fashion
Macy's announces $1 billion bond offering to repay credit facility

Macy's announces $1 billion bond offering to repay credit facility

Macy's Inc said on Tuesday it planned to raise $1.1 billion (£893.36 million) in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
Fashion
Tencent to invest $70 billion in 'new infrastructure'

Tencent to invest $70 billion in 'new infrastructure'

Chinese tech giant Tencent Holdings will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including artificial intelligence and cybersecurity, the company said Tuesday.
Others
Harlem's Fashion Row launches nonprofit in support of designers of color during Covid-19

Harlem's Fashion Row launches nonprofit in support of designers of color during Covid-19

HFR will host a virtual fundraiser in order to build funds for Icon 360, a nonprofit made to provide relief to designers of color who are pivoting their businesses in response to Covid-19 and need funding to scale. 
Luxury
Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Alibaba's sales surge as people shop online during lockdown

Alibaba's sales surge as people shop online during lockdown

Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns.
Others
The slow reopen: Retail visits edge up, broader economic measures still unmoved

The slow reopen: Retail visits edge up, broader economic measures still unmoved

The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.
Others
Matalan founder sues PwC over tax advice

Matalan founder sues PwC over tax advice

John Hargreaves, the multimillionaire founder of discount retailer Matalan, is suing PwC over claims the accounting firm gave him bad advice on how to avoid paying taxes when he moved from the UK to Monaco.
Fashion
UK sets out post-Brexit tariffs to underpin trade talks

UK sets out post-Brexit tariffs to underpin trade talks

The United Kingdom announced a new post-Brexit tariff regime on Tuesday to give it leverage in trade talks, cutting levies on tens of billions of dollars of supply chain imports.
Others
A Common Thread and Omaze partner to offer VIP fashion experiences in exchange for donations

A Common Thread and Omaze partner to offer VIP fashion experiences in exchange for donations

Under the 'Act for Good' campaign, those who donate to A Common Thread through Omaze will be entered into the running to win VIP experiences, like the opportunity to shadow Annie Leibovitz on a Vogue photo shoot.
Fashion
Tech firm launches zero-contact click & collect service for retailers

Tech firm launches zero-contact click & collect service for retailers

The service was fast tracked to meet retailers’ needs during the crisis as it allows shoppers to pick up orders without having to go into a store.
Others
UK consumer confidence stays low, consumer spending to suffer - report

UK consumer confidence stays low, consumer spending to suffer - report

UK consumers are feeling battered and lack confidence as their incomes drop at a faster pace than ever due to the coronavirus pandemic.
Fashion