After months of speculation about who would become the new owner of the UK health and beauty Boots business, the answer is… nobody. Its current owner has pulled it from sale with buyers unwilling to pay a premium price.
The British economy could be in line for a “painful inflation spiral”, the Bank of England’s chief economist Huw Pill has warned. He points to a shortage of workers and businesses’ willingness to pass on higher costs.
Beauty specialist Warpaint London's update on Monday and said “the group has experienced strong trading in 2022 to date with the brands' proposition resonating with customers, both in the UK and internationally”.
It looks like Cath Kidston could be up for sale just two years after the company's pandemic-linked collapse saw it retreating from much of its physical retail chain and cutting close to a thousand jobs.
UK consumer confidence fell to a record low in June as shoppers grappled with a stark new economic reality, figures from Gfk’s long-running series of reports show. Its confidence Index dipped one point to -41.
German online fashion e-tailer Zalando has been forced to revise its guidance for the year. It cited a further deterioration in macroeconomic conditions as the EU consumer confidence index fell further in June.
With the UK beauty market booming, Botox is going even more mainstream. Once confined to high street clinics, Botox treatments are now available at John Lewis beauty departments for customers aged 25+.
The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
Easy payments financier Klarna has launched a loyalty card feature on its app. It will allow users to store and access their physical loyalty cards as a digital version “removing the need to carry plastic equivalents".
E-tail giant Boohoo Group has named Shaun McCabe as its new CFO to succeed Neil Catto whose role will transition to an Executive Director, remaining on the board, “with responsibility for strategic projects”.