Upmarket beauty retailer Space NK enjoyed strong trading in the year to 25 March 2017, with turnover rising 11.4% to £96.4 million as a result of continued consumer interest in luxury skincare, beauty and fragrance.
Mothercare’s recovery has continued to falter since it released its half-year results a few months ago and on Monday it revealed ongoing tough times for the business over the Christmas period as even e-tail fell.
Counter Brands LLC has announced that Mousse Partners Ltd, a single-family venture-capital office, has made a strategic investment in the clean beauty company. Capital will go towards developing strategic initiatives.
Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).