News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Sep- 2024 -9 September
Gymshark appoints new chief people officer
Gymshark has announced the appointment of Sian Keane to the role of chief people officer. Keane is the latest in a series of senior appointments at Gymshark, following Mat Dunn joining from Asos as chief financial officer, Carly Natalizia (formerly O’Brien) joining from The Very Group as chief digital officer…
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9 September
Asos rejected £215m Shein Topshop bid for lower offer
Asos reportedly declined a £215m bid for Topshop from Shein and Authentic Brands Group, in favour of its joint venture with Heartland, according to The Sunday Times. The retailer agreed to sell a 75% stake in Topshop and Topman for £135m in a deal that valued the two brands at…
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9 September
LVMH names Sarah Burton as Givenchy creative director
Givenchy has announced the appointment of Sarah Burton as creative director, with immediate effect. Burton will be responsible for the creative direction of all of the Maison’s Women’s and Men’s collections. Burton was born in Macclesfield and educated in Manchester, before studying Fashion at Central Saint Martins College of Art…
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9 September
Auréa completes Body Shop rescue deal
Auréa, the growth capital firm co-founded by Mike Jatania and Paul Raphaël, has completed its acquisition of The Body Shop. This investment represents Auréa’s largest transaction to date. Jatania and Charles Denton will serve as executive chairman and CEO respectively and will jointly steer The Body Shop’s revival and “reclaim…
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9 September
The Cotswold Company sales hit £40m in H1
The Cotswold Company, a premium handcrafted furniture and homeware brand, has announced a strong sales growth of 15% to £40.1m for the six months ending 25 August. Sales for the company were up 80% on a five-year basis and when compared to pre-Covid levels, following a 21% year-on-year increase in…
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9 September
Aldi announces record £800m investment amid highest ever sales
Aldi has unveiled its largest ever annual investment plan, with a new £800m package that is set to further its expansion across the UK.The supermarket said it also plans to invest £1.4bn into the business over the next two years. It comes as the group welcomed its highest ever period…
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6 September
Today’s news in brief-6/9/24
Burberry, a fixture in the FTSE 100 for the past 15 years, has been demoted to the FTSE 250 following a steep decline in its share price, which has plummeted by around 50% over the last six months. The luxury fashion house has been hit hard by a slowdown in…
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6 September
La Redoute appoints new CEO
La Redoute has announced the appointment of Fabien Versavau as chief executive officer, effective from 9 September. In his new role, he will be responsible for defining the company’s strategic roadmap and overseeing its operations, particularly supporting growth in France and internationally, strengthening the home segment, and optimising performance. Versavau…
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6 September
New Body Shop owner lines up working capital amid rescue deal
The new owners of The Body Shop are in advanced talks to secure more than £30m in working capital from Hilco Capital as they finalise a deal to buy the chain out of administration, according to Sky News. The news comes after businessman Mike Jatania’s consortium, Auréa Group, officially entered…
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6 September
H&M revives Cheap Monday with new collection
H&M has announced the relaunch of Cheap Monday with a new denim collection featuring American artist Nessa Barrett. As a result of this, Asos has become one of the exclusive retailers of the brand originally established in 2004. The new Cheap Monday collection will feature an assortment of denim, from…
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