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Chanel endures tough 2020 but recovery is on track

Chanel endures tough 2020 but recovery is on track

Chanel expects to be riding high again this year after a tough 2020, with sales forecast to rise in double-digits. That’s according to the company’s CFO on Tuesday after it released its pandemic-hit 2020 figures. 
Luxury
Shiseido launches its perfumes on Tmall

Shiseido launches its perfumes on Tmall

Shiseido, impacted by the pandemic in 2020, is launching three of its perfume brands on Chinese online platform Tmall with the aim of attracting young consumers who are increasingly interested in the world of fragrance.
Beauty
H&M Group sales rise in Q2, but pandemic restrictions are still an issue

H&M Group sales rise in Q2, but pandemic restrictions are still an issue

​H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
Fashion
Boohoo sales surge in Q1, but some markets are challenged

Boohoo sales surge in Q1, but some markets are challenged

Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Fashion
Unilever to acquire Paula's Choice skincare

Unilever to acquire Paula's Choice skincare

Global home products giant Unilever announced on Monday an agreement to acquire digital-led skincare brand Paula’s Choice from TA Associates.
Beauty
Dior and cosmetics lead French luxury market since start of pandemic

Dior and cosmetics lead French luxury market since start of pandemic

French shoppers have favoured Dior, Chanel and Saint Laurent since the end of May 2020, according to a YouGov study, and have opted more for fragrances and cosmetics than for fashion categories.
Luxury
​UK weekly footfall suffers as shopper numbers dip

​UK weekly footfall suffers as shopper numbers dip

Footfall across all UK retail destinations couldn’t maintain some impressive gains made at the start of the month, falling 6.7% week-on-week in the seven days spanning 6-12 June, latest Springboard data shows. 
Fashion
Ted Baker hit hard by lockdowns but is now "in a much stronger place"

Ted Baker hit hard by lockdowns but is now "in a much stronger place"

​Ted Baker’s twice-delayed full-year results looked grim on Monday as the fashion retailer announced a 44%+ drop in revenue and a pre-tax loss that widened by almost 39%. But its CEO was upbeat about its prospects.
Fashion
Cosmetics group Pierre Fabre looks to boost transparency with Green Impact Index

Cosmetics group Pierre Fabre looks to boost transparency with Green Impact Index

The Pierre Fabre Group, which is behind brands like Avène and Klorane, has unveiled its Green Impact Index, a tool destined to provide users with information on the environmental and societal impact of its cosmetics.
Beauty
Fear factors prevent UK shoppers from buying online from EU, says study

Fear factors prevent UK shoppers from buying online from EU, says study

Fakes, delays, customs and foreign languages. These are the biggest fears preventing UK e-commerce consumers making cross-border purchases from the EU, according to a new report commissioned by Weglot.
Fashion
John Lewis improves employee support programme, extending parental leave

John Lewis improves employee support programme, extending parental leave

John Lewis Partnership, the UK’s largest employee-owned retailer, has improved its support package for working families and young people leaving the care system.
Fashion
​Gee joins Grosvenor Group, set to become chair of its Britain & Ireland board

​Gee joins Grosvenor Group, set to become chair of its Britain & Ireland board

Grosvenor Group has appointed Melanie Gee, initially as a non-executive director, with a view to her becoming chair of the Grosvenor Britain & Ireland (GBI) board. She is set to succeed Jonathon Bond from September.
Fashion
Klarna raises new finance, value approaches $46bn

Klarna raises new finance, value approaches $46bn

​Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
Fashion
Cult Beauty sales surge as it gains new customers in UK, Europe

Cult Beauty sales surge as it gains new customers in UK, Europe

​Beauty e-tailer Cult Beauty has filed its full-year results for the 12 months to May 31 2020 and they show that it enjoyed what it called “another great year”, despite the pandemic affecting over two months in the year.
Beauty
Selfridges owners reportedly mull sale with £4bn price tag

Selfridges owners reportedly mull sale with £4bn price tag

​Selfridges is reportedly up for sale — or at least its owners are exploring their options — after a mystery buyer approached the business with an offer, reports claimed on Friday.
Luxury
Nikki Wolff joins KVD Beauty as global director of artistry

Nikki Wolff joins KVD Beauty as global director of artistry

Tattoo-inspired vegan beauty brand, KVD Beauty, founded as Kat Von D Beauty, announced on Thursday British makeup artist Nikki Wolff, as its new global director of artistry. 
Beauty