Unilever PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline's consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound offer that GSK previously rejected.
There was mixed news from In The Style on Wednesday. Although the womens fashion e-tailer said it had performed strongly in the ‘golden quarter’, it also revealed its CFO/COO Paul Masters is leaving due to ill health.
British Prime Minister Boris Johnson announced the end of Covid-19 measures introduced to curb the rapid spread of the Omicron variant in England as he looks to live with the virus after a peak in cases.
PVH’s Tommy Hilfiger brand is partnering with Give Back Beauty (GBB), a globally-focused group, for an exclusive worldwide license of the beauty and wellness business under the Tommy Hilfiger brand.
Pentland Brands’ Ellesse label is moving back into ski-wear with a new winter sports line. And to support the debut, it has a three-year partnership with Tomorrowland Winter, the electronic music festival in the Alps.
Cartier, Chloé and Alaïa owner Richemont had a good Q3 — the three months to the end of December — with demand for jewellery and watches in particular driving sales in the Americas and Europe.
Burberry’s full-price sales continued to grow in double-digits compared with two years ago in the 13 weeks to December 25, underlining the ongoing recovery both at the company and in the luxury sector as a whole.
Canadian e-commerce giant Shopify said on Tuesday it has partnered with China's JD.com, to let merchants in the United States sell to JD's customers in China.
Italian luxury down jacket maker Moncler said that key data on its customers was safe following a cyber attack it suffered last year, after some data was released on the dark web on Tuesday.
Kohl's Corp has been approached by a potential buyer, sources said on Tuesday, as the department store came under fresh pressure from an activist hedge fund to explore strategic options.
LVMH investment arm Luxury Ventures has taken a minority stake in Aimé Leon Dore, the American streetwear brand founded by New York designer, Teddy Santis.
Despite the extra costs of dealing with supply issues “in challenging circumstances” Matalan pushed through to deliver a “strong" Q3 performance, the UK-based fashion and lifestyle retailer said.
High-end streetwear mystery box specialist Heat has received a $5m seed funding investment from a group led by LVMH Luxury Ventures and venture capital firm Antler as it seeks to expand.
Ikea, the world's biggest furniture brand, said on Tuesday it was on track to become climate positive by 2030 as its annual carbon emissions fell 6% from pre-pandemic levels despite record sales.
Sales at Italian fashion group Prada bounced back sharply in 2021 as pent-up demand for luxury handbags and clothes helped push revenues above pre-pandemic levels, the company said on Tuesday.
