A British beauty start-up founded by a former glossy magazine editor has secured £3.5 million in funding from Unilever’s venture capital operation and has plans to expand to further UK cities as well as abroad.
The CEO of Cath Kidston has become the latest industry executive to call for a liberal, open Brexit deal to be negotiated while also saying that the company has seen higher UK sales since the Brexit vote.
In a surprise move Monday jimmy Choo annoucned that it is up for sale with the luxury footwear and accessories firm likely to be a target for both global luxury peers and deep-pocketed investors worlwide.
The company achieved a record $12 million in military segment sales, partially offsetting a decrease in wholesale sales and small increase in retail sales. Net income jumped to $1.5 million from $0.2 million.
Ethiopian Kenenisa Bekele partly blamed his state-of-the-art Nike shoes for his failure to win the London Marathon on Sunday. Bekele was wearing Nike’s Zoom Vaporfly Elite shoesand said they caused blistering.
Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.
UK retail sales stats painted another gloomy picture Friday but the fashion sector did not appear to be as bad as some others, although department stores have struggled, possibly hurt by this year’s later Easter.
Portuguese retailer Jeronimo Martins posted a first-quarter net profit practically unchanged from a year ago, as expansion costs in its new market Colombia all but offset the impact of a strong rise in sales.