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Kering Beauté expands fragrance portfolio with acquisition of Creed About 9 months ago

Kering Beauté has acquired the Creed fragrance brand from funds controlled by BlackRock Long Term Private Capital Europe and current chairman Javier Ferrán. Established in 1760 by James Henry Creed, the House of Creed is the largest global independent player in the high-end fragrance market. While preserving Creed’s heritage and high-end brand...

Boots set to close 300 UK branches About 9 months ago

Boots is to close 300 UK stores over the next 12 months as part of US parent company Walgreens Boots Alliance’s plans to “optimise” locations. It is understood that there will be no redundancies and staff will be offered employment at nearby stores. In addition, 150 Walgreens branches in the US will...

Mulberry posts an increase in full year sales About 9 months ago

Luxury brand Mulberry has posted a 4% full year revenue increase to £159.1 million as it continues to deliver on its strategic objectives. In the 52 weeks to 1 April, retail sales in the Asia Pacific region rose by 3% while other international retail sales increased by 12%. However, UK retail sales...

Ocado has appointed Rachel Osborne as a non-executive director About 9 months ago

Ocado has appointed former Ted Baker chief executive Rachel Osborne as a non-executive director. Due to take up her role on 1 September 2023, Osborne will also be a member of the audit committee and the people committee. Having stepped down as chief executive of Ted Baker this month, she previously served as...

Sainsbury’s invests £15m in household staple price cuts About 9 months ago

Sainsbury’s has announced a further round of price reductions as it invests £15 million in cutting the price of cupboard staples such as rice and pasta This will include the retailer becoming the only supermarket to offer Freefrom pasta at the same price as standard pasta. Sainsbury’s is also announcing that all...

Cineworld set to file for administration About 9 months ago

Embattled cinema chain operator Cineworld is set to file for administration and suspend trading on the London Stock Exchange next month as part of a major bankruptcy restructuring plan, the firm revealed today. In a statement this morning, the cinema firm said its proposed restructuring would involve calling in administrators and could release approximately...

Gymshark’s CCO to leave the company About 9 months ago

Gymshark chief commercial officer Niran Chana has left after eight years at the the sportswear retailer. Chana, who was responsible for global sales, management of merchandising, planning and marketing started in 2015 holding various positions in the company’s management team overseeing customer experience, wholesale and digital marketing. In a LinkedIn post, the company said:...

Amazon to fund 350 apprenticeships and traineeships About 9 months ago

In a significant boost to the creative industry, Amazon has unveiled its plans to fund 350 apprenticeships and traineeships, with a specific emphasis on the fields of TV, film, and books. The initiative seeks to bridge the skills gap in these industries and provide aspiring individuals with invaluable hands-on experience and...

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