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UK luxury is £81bn industry says new report
The UK luxury sector is now worth £81 billion a year to the UK economy and supports 450,000 jobs, according to a new report by British luxury body Walpole.
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Mother's Day gifting focus shifted this year, fashion benefited
A new study offered up some good news for the fashion and beauty sector as it has shown online Mother’s Day gifting this year moved away from “typical gifts and trinkets towards presents such as fashion and beauty”.
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M&S now has new deadline for Marble Arch plans, is close to HSBC deal for 'superapp'
After winning its court case against the government’s refusal to allow it to redevelop its Marble Arch flagship in London, retail giant M&S now has three weeks to formally resubmit its plans for the building.
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Acne Studios launches first fragrance with Frédéric Malle
In April, Swedish fashion label Acne Studios will launch its very first fragrance, created in collaboration with French perfume publisher Frédéric Malle.
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Next Beauty chief Amanda Scott exits
Next Beauty is looking for a new chief executive with Amanda Scott leaving the business after five years, according to a report. No reason has been given for her departure.
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Long-standing THG non-exec McDonald set to depart
Digital retail group THG is about to lose board member Iain McDonald as the Non-Executive Director departs at end of the month. It brings to an end his near-14 years as a THG Director.
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JLP says John Lewis/Waitrose split definitely not on the cards
Following news of its long-awaited return to profit this week, bosses at John Lewis Partnership have now said there are no plans to separate the department stores from its Waitrose supermarkets.
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Poundland to advertise fashion on TV for first time
Pepco’s UK Poundland chain doesn’t usually advertise on TV but it’s launching a new campaign and even more surprisingly it will include the company’s clothing offer.
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Cohere Beauty names new SVP, business development
Cohere Beauty announced on Thursday the appointment of Tara Chacho to the role of senior vice president, business development.
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Ulta Beauty's annual profit forecast misses estimates as costs climb
Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down 4.5% in extended trading.
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UK store openings driven by coffee shops as many chains close - PWC
UK retail continues to lose physical stores at an alarming rate. There was a net decrease of 5,000 stores across the UK last year, amounting to a rate of 14 per day over the year, a report by accountancy firm PwC claims.
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Fenwick Newcastle's makeover gets latest planning ok
Fenwick’s flagship store in Newcastle has been given a further planning green light to push on with its £40 million revamp with new work beginning this month.
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John Lewis back in profit, fashion sales rise
John Lewis is one of the most closely watched retail giants in the UK at the moment, mainly because of its many problems in recent years. But at least its annual results managed to show it returning to profit.
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Newcastle's Eldon Square set for major development, new mega store for Next and Sephora debut
Newcastle’s Eldon Square mall owners and the city council have signed an enhanced co-operation agreement alongside “game-changing” planning submissions expected to deliver of a series of major new leasing deals.
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Procter & Gamble head of skin and personal care retires
Procter & Gamble head of skin and personal care Markus Strobel has retired from his role at the U.S. consumer goods giant, effective August 1.
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Celine unveils the contours of its first make-up line
Following the launch of its haute parfumerie collection in 2019, luxury house Celine will be delving into the world of make-up from next autumn.
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