Jigsaw is celebrating improved full year results with EBITDA of £2.8 million and an operating profit of £1.2 million. This compares to a loss of £21 million in the previous year. Meanwhile, sales increased to £47.7 million in the year ending 29 January from £38.7 million in the prior 12 month period. The...
Sloane Stanley has today announced the forthcoming £200k investment and upsize of technology-led sleep smart brand, Sleep.8 at 362-368 King’s Road, marking more than a doubling in total sq. ft. The new upsized 2,950 sq ft Sleep.8 will form their London flagship space, providing new capabilities and offering bespoke solutions for...
Pinterest is to acquire The Yes AI powered shopping platform for an undisclosed sum. Founded in 2018 by chief executive Julie Bornstein, The Yes enables consumers to shop a personalised feed of fashion based on the user’s active input on brand, style and size. When the acquisition is completed, Bornstein will remain...
Kim Kardashian is teaming up with Coty to launch a new nine-product skincare collection called SKKN BY KIM. Each product has been formulated to be suitable for all skin types, tones and textures at every stage of maturity. The nine products include a cleanser, toner, exfoliator, hyaluronic acid serum, vitamin C8 serum,...
Luxury childrenswear retailer Base has opened a flagship store at the Bluewater shopping centre. Offering designer clothing for boys and girls aged up to 16, the shop has enabled the retailer to expand its range of international luxury brands by adding Fendi, Palm Angels, Off White and Tartine Et Chocolat. The store...
The Mercers’ Company has announced that Space NK, the worldwide retailer for luxury cosmetics, has opened its brand new, two-storey location at 3 Neal Street, Covent Garden. Spanning 2,000 sq ft, the significantly upsized store, which is a relocation within the landlord’s estate, is the brand’s first ever two floor space,...
Mike Ashley’s Frasers Group has acquired the Missguided fashion retailer out of administration in a £20 million deal. It has also purchased the company’s menswear brand, Mennace. Until the acquisition is completed, the business will be operated by the administrator under a transitional agreement for around eight weeks. In a statement, Frasers...
Dr Martens has posted record revenue in the year to end March when it sold more pairs of boots, shoes and sandals than at any time in its 62-year history. Revenue was up 18% to £908.3 million in the period while adjusted pre-tax profit climbed by 43% to £214.3 million. Dr Martens...
New research has found that more UK consumers are turning to second-hand shopping and upcycling during the cost of living crisis. According to the study by eBay Ads, 30% of consumers are having to make more considered purchases in order to get better value for money, and a fifth are buying...
Missguided has appointed administrators after failing to finalise a rescue bid. The news follows the issue of a winding up petition by clothing suppliers who, according to The Guardian, are owed millions of pounds. The retailer has appointed Teneo Financial Advisory to oversee the process to sell the company. In the meantime,...
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