Italy
This coverage focuses on UK retailers’ activities and strategies relating to the Italian market, including store openings, partnerships, consumer trends, and market entry or expansion efforts. Reporting examines how businesses adapt operations to Italy’s retail landscape — providing insight for executives, managers, and professionals overseeing international growth and cross-border retail strategy.
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Aug- 2022 -19 AugustM&A
Central Group and Signa Holdings complete Selfridges acquisition
Central Group and Signa Holding have completed the acquisition of Selfridges Group from the Weston Family in a deal that is thought to be worth around £4bn. Following the news of the acquisition in December 2021, Selfridges Group portfolio, which comprises 18 stores under four banners in three countries, namely…
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Jul- 2022 -14 JulyHigh Street
Brunello Cucinelli H1 revenues jump 32% to £351m
Casa di Moda Bruno Cucinelli has revealed net revenues of €415.2m (£351m) for the first half of 2022 ending June 30, up +32.3% at current exchange rates (+28.3% at constant exchange rates) compared to H1 2021. The fashion house reported significant growth in all areas: Americas +52.7%, Asia +27.2%, Europe…
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Apr- 2022 -22 AprilNews
EG to deliver 32,000 jobs globally amid foodservice expansion
EG Group has announced plans to create more than 32,000 jobs globally over a five-year period. According to the group it will be driven by a “sustained investment” in its foodservice business. To supplement this expansion strategy, EG has added to the pay and benefits colleagues receive and this month…
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19 AprilClothing & Shoes
Brunello Cucinelli sees revenues rise 16.7% in Q1
Brunello Cucinelli has announced its net revenues have risen 16.7% at constant exchange rates to €196.9m (£163.1m) in Q1 2022 compared to the first quarter of 2021. Compared to Q1 2019, the year preceding the start of the pandemic, growth is +22.8%, with the fashion retailer outlining “significant” double-digit increases…
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Mar- 2022 -22 MarchLuxury Goods
Kering appoints CEO of Alexander McQueen
Kering has announced the appointment of Gianfilippo Testa as the new chief executive officer (CEO) of Alexander McQueen, effective May 2022. In his new role, Testa will report to François-Henri Pinault, the chairman of Kering, and his goal is to accelerate the expansion of the British luxury house to “tap…
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Jan- 2022 -25 JanuaryHigh Street
Gorillas enters discussion for international expansion
Gorillas, the on-demand delivery company, has entered into an exclusive discussion to acquire the French delivery firm Frichti, to allow for “immediate” access to curated, fresh and local products. Founded in 2015, Frichti has become a “national leader” in instant food and grocery delivery in France. It delivers fresh groceries,…
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Nov- 2021 -18 NovemberNews
Card costs could soar £150m a year, BRC warns
Retailers in the UK and the EEA could now face an estimated £150m a year cost increase to accept cross-border card payments, with British retailers alone shouldering an extra £36.m, or £100,000 every day, the BRC has warned. The research, by retail payments advisory firm CMSPI, in conjunction with the…
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18 NovemberHigh Street
Eurofund Group launches UK retail arm
Eurofund Group, the international investment and real estate development company has officially launched a UK retail arm. The new UK division will be headed up by Alberto Esguevillas, former development director and country manager at Unibail-Rodamco-Westfield, who has taken the role of CEO UK. He is joined by Mike Rhydderch,…
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9 NovemberClothing & Shoes
Primark plans global expansion despite sales slump
Primark has seen like-for-like sales fall by 12% in its latest full-year results, as ongoing store closures and trading restrictions “inevitably” led to a “significant” loss of sales and profit in the period. While its parent group, Associated British Foods (ABF), said there was “no doubt” that Primark was “seen…
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Oct- 2021 -11 OctoberHigh Street
Poundland owner names new chief operating officer
Pepco Group, the owner of budget retailer Poundland, has announced the appointment of Trevor Masters as the group’s chief operating officer (COO), effective from 1 January 2022. Masters will be based in Poland and retain his current leadership responsibilities as managing director (MD) as well as providing “strategic direction and…
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