Madrid

End of tax-free shopping hitting retail hard, warns Kurt Geiger CEO

Kurt Geiger’s CEO has warned that scrapping tax-free shopping for tourists is having a “massively negative effect” on retail in…

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Mango appoints Mango Home director amid homeware expansion

Mango is strengthening its homeware line with the appointment of Nuria Font as the new director of Mango Home. Font,…

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Primark enters 17th market with new Budapest store

Primark has officially entered its 17th market with the opening of a store in Hungary’s capital Budapest.  The move comes…

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Charlotte Tilbury owner eyes €2.5bn IPO

Spanish beauty group, Puig, which owns brands including Charlotte Tilbury, has announced its intention to raise more than €2.5bn (£2.1bn)…

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Today’s news in brief

Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the annual…

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Hammerson considers sale of Bicester Village-owner stake

Britain’s biggest shopping centre owner, Hammerson, is in talks to sell its stake in Bicester Village-owner for about £1bn, Sky…

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Ikea sees sales jump 6% to €47.6bn

Ikea has posted sales of €47.6bn (£41.1bn), up 6.6% compared with FY22, for the year ended 31 August 2023 despite…

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Mamas and Papas expands in South East Asia

Mamas and Papas, the high street nursery brand, has announced a series of new partnerships with retailers in South East…

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Fanatics acquires Fexpro to expand business in Latin America

Fanatics, a global digital sports platform and provider of licensed sports merchandise, has completed its acquisition of Fexpro, a leading…

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Primark invests €100m into Spanish expansion

Primark has announced an investment of €100m (£86m) in the Spanish market including opening eight new stores and creating 1,000…

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