The O2 has enjoyed a strong start to 2023 with like-for-like sales across outlet shopping up 44%, F&B sales up 26%, and total footfall up 20% compared to pre pandemic levels in the first quarter of 2019. The O2’s Icon Outlet reported particularly strong Easter holiday trading versus the same time...
Authentic Brands Group has agreed to acquire the intellectual property of the Vince luxury fashion brand. Through the agreement, Vince Holding Corp’s intellectual property will be transferred to a newly formed Authentic subsidiary, ABG Vince, of which Authentic will own a majority stake of 75%, while Vince Holding Corp will retain...
Primark owner Associated British Foods has said first half trading at the fashion retailer was significantly better than expected due to strong footfall and the appeal of its proposition to new and existing customers. In the 24 weeks to 4 March, total Primark sales grew by 19% year-on-year to £4.2 billion...
THG has appointed Sue Farr as a senior independent director with immediate effect. An experienced FTSE 100, 250, Small Cap and AIM board member, she has worked for 16 years in various non-executive director roles following a prior career in media, advertising and marketing. Farr is currently a non-executive director at British...
Tesco is opening the doors to its first-ever pub in celebration of the King’s Coronation in May. The “King in the Castle” pub will raise money for the supermarket giant’s charity partner, The Prince’s Trust. The pub, located in London’s Farringdon, will be open on May 4 and May 5. Customers will be...
Prada Group has begun offering employees free screening for their bone health. The luxury fashion brand has partnered with Italian biomedical company Echolight to arrange a series of open days where more than 250 employees will be assessed at its Valdarno Aretino sites. Throughout April, employees are being offered free clinical examinations...
Selfridges is encouraging customers to keep products in circulation for longer by organising an event called Worn Again that will run from April to August. The department store’s ambition is that 45% of transactions will come from circular products and services by 2030 through its Reselfridges, its Resale, Rental, Repair, Refill...
H&M Group is to merge its Weekend and Monki retail brands as it looks to create an “exciting experience” to meet young customers’ needs and preferences. It has also brought back Cheap Monday which will offer a small assortment of jeans. Together the three brands will form the umbrella of a new...
UK consumer confidence has jumped this month, despite the rising cost of living, as people feel more positive about the economy and their personal finances. GfK’s Consumer Confidence Index has increased by six points to -30 in April to reach its highest point in 13 months. While the index measuring the forecast...
The Pret A Manger sandwich shop brand has opened its first shop India. The move follows Pret’s signing of a long-term master franchise partnership with Reliance Brands last year. Situated in Maker Maxity in Mumbai, the shop is a recreation of Pret’s London stores and features a large dining space spread across...
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