KaDeWe Faces Administration Amid Crisis
Germany’s iconic department store, KaDeWe, has entered administration due to financial difficulties within René Benko’s Signa Group, which co-owns KaDeWe’s operating company and separately owns the building.
John Lewis Plans Major Job Cuts
The John Lewis Partnership, which owns John Lewis and Waitrose, is considering eliminating up to 11,000 jobs across its 76,000-strong workforce over the next five years.
Lush Responds to Cybersecurity Incident
British cosmetics retailer Lush has confirmed a cybersecurity incident.
The Body Shop at Home Ends Operations
The Body Shop has announced the closure of its direct selling operations, known as The Body Shop At Home, in the United Kingdom and Australia.
Harrods and MYGroup expand recycling scheme
Harrods and MYGroup have extended their recycling scheme for beauty empties to cover all five of the upscale department store’s five H beauty shops.
Inflation, what inflation? Superdrug slashes prices by up to 50 percent
AS Watson-owned Superdrug has announced sweeping price cuts across its own ranges. The UK drugstore chain said that it was bringing in permanent reductions of up to 50 percent for some 150 items across its private label brands.
Direct Selling Association names Board Chair
The Direct Selling Association (DSA) has announced the appointment of Ayo Olaseinde as Chair of its Board. Olaseinde joined the DSA Board in 2023 and takes on the role alongside his position as President at Saladmaster.
Douglas Achieves Record Sales in 2022/23
Douglas, a premium beauty retailer in Europe, ended its 2022/23 financial year with adjusted net sales of 4.1 billion euros, a 12.1% increase from the previous year.
Sephora to open third UK store in 2024
Sephora has announced that it is planning to open a further UK store next year. The LVMH-owned retailer will cut the ribbon on a 5,380 square foot space in Manchester’s Trafford Centre in summer 2024.
Claire’s opens Mexico City flagship
Claire’s has entered the Mexican market, cutting the ribbon on a 1,227 square foot flagship store in Mexico City. The new location will stock the brand’s jewelry, hair accessories, cosmetics and tech ranges.
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