News brief

In Poland, New Look filed for bankruptcy.
In Poland, a court administrator will decide the fate of New Look stores. Involved to a drastic reduction of international activity, the fashion retailer shut all 6 Belgian stores and closed in...
21 May 2019
Europe. Resilient to the Web, the D.I.Y. market sticks to physical stores
Following economic turbulence since 2011, the European D.I.Y. & gardening market has developed more steadily in recent years. Within Europe’s 6 largest countries as Germany, France, the...
21 May 2019
Asos aims to block shoppers returning too much
n the U.S.A., such a practice has been implemented for more than 4 years at Amazon. The trend is now arriving in Europe, as the British online retailer Asos (revenue of £1.31 billion in the...
21 May 2019
How can the fashion industry solve the issue of synthetic textiles pollution ?
Polyester, nylon, acrylic… According to the International Union for Conservation of Nature, the fashion industry needs to address how more than a half a million metric tons of microfibers...
21 May 2019
“Freedom, Equality, Glossier”
A brand now valued at US$1.2 billion, with US$100 million raised during a Series D in March 2019. 1.9 million followers on Instagram. This is, in a few figures, the Glossier empire started in 2014...
16 April 2019
Schwarz Group opens the door to a new generation
“If I would start my life again, I would do the same thing and work with the same shareholder.” The retail passion keeps animating Klaus Gehrig, who has been heading the 2nd biggest...
16 April 2019
Build a Bear travels from the U.S. to India
In March 2019, the U.S. brand of customisable stuffed animals (sold in 500 stores) launched in India, via a corner at the Bangalore Toys’R’Us store in the Phoenix Marketcity mall. 20...
16 April 2019
Metro AG sells Chinese assets
The German retailer Metro AG, which owns 95 wholesale stores in China plus properties in Beijing and Shanghai has started to dispose of local operations in a deal estimated at €1.8 billion...
16 April 2019
Luckin Coffee, The Concept of the Month
Shanghai. In China, the “food & beverages” sector has been booming on the last two years with new concepts focused at 100% on delivery. In the coffee sector, the Luckin Coffee...
16 April 2019
Farfetch platform wants to list Chinese luxury fashion brands
The Farfetch market place (which sells 3,200 luxury brands in 190 countries) is already established in facilitating international expansion for high-end fashion brands. It is about to make a major...
16 April 2019
Ocado enters Australia with Coles supermarkets.
After Bon Preu, Kroger, Monoprix and Sobey’s, the Australian grocer Coles signed an agreement with the British grocery pure-player Ocado. It aims to double its delivery capacity of online...
16 April 2019
Galeries Lafayette banking on Chinese customers
The Galeries Lafayette Group (sales of €4.5 billion in 2017) twice made headlines with strategic news in March 2019. The Group opened 2 stores. The first is over 6,500 sq.m GLA in Paris on...
16 April 2019
Lulu Group plans to open 32 new hypermarkets this year
Involved in a sustained expansion strategy, the Emirati Lulu Group (revenue of US$8.1 billion in the last fiscal year via 152 stores plus a property business) plans to open 32 hypermarkets in 2019...
16 April 2019
Jumia plans a listing for the New York Stock Exchange
On March 12, 2019, the African market place Jumia filed paperwork with the Securities and Exchange Commission for an Initial Public Offering on the New York Stock Exchange. The timing and size of...
16 April 2019
Slower growth & data activation, new retail challenges in the Middle East
In a region where retail leaders have strong financial reserves, talking about restructuration or cost optimisation has long been taboo in the Middle East. “It is now time for a...
16 April 2019
Algeria. What retail future after Bouteflika?
In Algeria, the reactions of retailers and investors appeared to be positive following the announcement, on April 2, 2019, of the resignation of President Abdelaziz Bouteflika after 20 years in...
16 April 2019
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