Fashion brands overstating their environmental credentials had better watch out. The UK’s Competition and Markets Authority (CMA) is cracking down on businesses that make misleading sustainability claims.
The bid for GSK's assets, including Sensodyne toothpaste and Advil painkillers, comes as Unilever is dealing with steep inflation and sluggish growth in emerging markets, where it derives 60% of its revenues.
Early signs of the confidence shown by workers returning to their offices saw a boost for UK high street footfall in the latest week. Footfall across UK retail destinations rose 1.5%, according to Springboard.
All dressed up and somewhere to go. Christmas 2021 was a season of a return to socialising, albeit on a slimmed-down scale compared to 2020’s restrictions. That meant consumers upped their spend on fashion and beauty.
Two key executives who helped to shape UK retail died in the last few days. Paul Myners was the former chairman of M&S and Landsec and John Sainsbury was the driving force behind the supermarket chain for 23 years.
Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.
Former Farfetch COO Andrew Robb is in the running to be the next CEO of ASOS, a report has claimed. There had been speculation in recent weeks that Robb was a contender for one of global fashion's top leadership posts.
Burberry is the latest big name in fashion to link its finances to its drive to operate a greener and more ethical business. It has refinanced its revolving credit facility to a £300m sustainability-linked loan.
Year-on-year comparisons across the pandemic landscape can make interesting reading. That’s why UK online retail in 2021 recorded its worst-ever year for growth, but still managed a “rather good” performance.
Yoox Net-A-Porter (YNAP) has named Natalie Lee as General Manager for the APAC region. She has extensive experience operating in APAC’s high-growth fashion and e-commerce sector and joins from Vestiaire Collective.