E-tail giant Zalando launched a raft of Cyber Week offers on Monday with the company saying the deals aren't just about driving sales but are an important strategic move in boosting its customer acquisition.
Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.
Mintel expects a "respectable" sales increase for UK stores in December, despite the ongoing shopping shift to Black Friday. And while electricals will be a big focus, fashion and beauty are also key for festive spend.
The international fragrance company responsible for the perfume offerings of brands including Montblanc, Jimmy Choo and Coach, expects to report revenues of 500 million euros ($554 million) in 2020, up 4.2% from 2019.
Britain’s Hut Group has grown remarkably fast over the past decade, and it hopes the launch of two new debt facilities will give it the further boost it needs to become the global leader in online beauty.
Analysts are predicting the Black Friday period to see spending anywhere from £4.3bn up to £8.7bn this year and while fashion & beauty will be a key sector, beauty will be the biggest winner in this mega-category.
At a time when every major luxury group wants to buy a niche perfume brand, few indie scent houses have been performing as enticingly as Memo International - whose three marques are all rapidly expanding worldwide.