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On October 3rd, Britain’s biggest retailer, which acquired wholesaler Booker in March, reported operating profit before one-off items of US$1.21 billion, a 24% increase on the same period...

12 November 2018

H&M teams with Klarna for global payments solution

Fast-fashion retailer H&M has announced a global partnership with Klarna, a Swedish provider of online payments. The two firms will integrate H&M’s digital and physical stores...

12 November 2018

Johnnie Walker to open a first experiential store in Madrid

In November, Diageo’s Scotch Whisky brand ’Johnnie Walker’ is to open a flagship experiential store in Madrid (Spain). The store will feature a special collection of Johnnie...

12 November 2018

Electronics retailer Ceconomy in trouble

Ceconomy AG Chief Executive Officer Pieter Haas left the firm following investor fury at back-to-back profit warnings from Europe’s biggest consumer-electronics retailer. Haas was C.E.O...

12 November 2018

Ikea re-invents itself

Founded in 1943 by Ingvar Kamprad who died in January 2018, the Swedish furniture group is “creating the Ikea of the future”, said the company when publishing 2018 financial results on...

12 November 2018

Russia: Magnit turns existing hypermarkets into shopping malls and convenience stores

Olga Naumova, the Chief Executive Officer of Magnit, Russia’s second-biggest retailer said the company will stop opening stores larger than 4,500 sq. m. to focus on smaller stores. This...

12 November 2018

French Connection for sale?

French Connection founder and C.E.O. Stephen Marks plans to sell his 42% stake in the fashion label he founded in 1972, targeting customers aged 18 to 35. French Connection was very successful in...

12 November 2018

Luxembourg: The Golden Bell will open in Spring 2019

Luxembourg should see the opening of the biggest shopping centre of the country, operated by Ceetrus (Auchan group) and called “Cloche d’Or”, in Spring 2019. Located 30 minutes...

12 November 2018

Chinese group eyes Turkey

Chinese companies are looking at opportunities in Turkey. The Turkish lira plunged by 40% since the beginning of 2018, making local assets cheaper. In addition to Alibaba, which earlier this year...

12 November 2018

Bogart Group acquires Planet Parfum and Di banners in Benelux

The Bogart Group, a manufacturer and distributor of luxury cosmetics, has signed an agreement to acquire 100% of Distriplus, the second largest perfume and cosmetics retailer in Belgium...

12 November 2018

Hotel Chocolat seeks to become a global brand

Already successful in the U.K., the British luxury confectionery retailer Hotel Chocolat revealed double digit growth in both sales and profits, expecting further international growth. The firm...

12 November 2018

Amazon is top of Interbrand’s Best Global Brands in Retail

Apple, Google, and Amazon are the most valuable brands, according to the 2018 Interbrand Best Global Brands report(1), with luxury and retail as the dominant growing sectors. It is not surprising...

12 November 2018

“Travel Retail is the most interesting segment of retail today with e-commerce”

Airport retailing is booming as the number of travelers and low-cost airlines explode. The travel retail market has tripled in size since 2002. However, shifting demographics (like Millenials)...

12 November 2018

Jinqing Cai, C.E.O. of Kering China

The firm states that her mission will be to strengthen the visibility of the luxury group in the region and strengthen links with local partners. Former C.E.O. of Christie’s China, Jinqing...

9 October 2018

A digital expert for Marks & Spencer

For C.E.O. Steve Rowe, the British company has to become “digital first”, following the creation of a new role of Chief Digital and Data Officer. Jeremy Pee, who was leading digital...

9 October 2018

Christian Mazauric new French C.E.O. of Castorama

British group Kingfisher is in the third year of a five-year plan to boost annual profit, called ‘One Kingfisher’. However, poor results from the French subsidiary which owns Castorama...

9 October 2018

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France and Italy urge Shein to reassess a business model

While Shein continues to spark controversy through partnerships with Pimkie and BHV department stores (SGM), Italy announced plans to introduce a tax on Asian e-commerce platforms. In France, the...

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EU: Omnibus bill stalled in Parliament

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As leading tech companies ramp up investment in artificial intelligence (AI) and roll out transformation plans to boost its development, layoffs across the sector are increasing. But are the job...

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