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Related news & insights - Emily MacDonald
Fashion, luxury and lifestyle aggregator - June 2023
Posted: 30/06/2023
Harrods has announced an overhaul of its womenswear departments as part of a multi-year revamp to promote discovery and experience for customers over hard sales. As one element of a £200 million upgrade, the luxury department store will combine 47 brands across lounge, lingerie and sleepwear in a 16,000-square-foot space......>>
Fashion, luxury and lifestyle aggregator - May 2023
Posted: 30/05/2023
This year, an additional bank holiday was granted on 8 May to celebrate the coronation of His Majesty King Charles III, which was predicted to have a mixed impact upon the retail sector. Despite retailers rejoicing in the historic occasion with coronation ranges, decorations, offers and events, online spending was expected to decrease......>>
Penningtons Manches Cooper acts for finnCap on IPO of Fadel Partners Inc
Posted: 17/05/2023
The corporate team at Penningtons Manches Cooper has advised finnCap in its role as nominated adviser and broker to Fadel Partners Inc (AIM: FADL) on its IPO on AIM, valuing the company at £28.8 million. The admission of Fadel’s share capital to AIM has involved a primary raise of £7.5 million. Fadel is a leading developer of cloud-based......>>
Fashion, luxury and lifestyle news aggregator - April 2023
Posted: 28/04/2023
This month L’Oréal announced its largest acquisition to date: it signed an agreement to purchase Australian brand Aesop from Natura & Co for the sum of £2 billion (USD$2.5 billion), reportedly outbidding LVMH, Shiseido and Clarins in the process. The cash acquisition, which remains subject to regulatory approvals, is expected to close......>>
Fashion, luxury and lifestyle news aggregator - March 2023
Posted: 30/03/2023
In the Spring Budget, the chancellor announced that the UK is to avoid a technical recession this year and introduced a range of measures to support individuals and businesses against economic uncertainty. However, despite pleas from retailers and industry bodies, it failed to re-introduce the VAT Retail Export Scheme (tax-free shopping for international visitors)......>>
Fashion, luxury and lifestyle news aggregator - February 2023
Posted: 28/02/2023
Luxury conglomerate, Kering, have recently announced plans to create an in-house beauty division to develop cosmetics and perfumes for some of its fashion brands. This is a strategic move to build a ‘new area of expertise’ for the group, which is hoped will widen their customer appeal. Rafaella Cornaggia has joined from Estée Lauder......>>
Fashion, luxury and lifestyle news aggregator - January 2023
Posted: 27/01/2023
While retailers can usually count on Black Friday as one of their busiest days to boost sales figures, this year saw sales volumes drop by 0.4% in November. Purse strings inevitably continue to be tightened as the cost of living crisis persists and households adjust to rising prices, but it is perhaps surprising that this year online sales were the weakest link......>>
Penningtons Manches Cooper acts for leading wellness and beauty platform provider FaceGym on issuance of convertible loans
Posted: 23/01/2023
The corporate team at Penningtons Manches Cooper has advised leading wellness and beauty platform provider FaceGym on the most recent issuance of convertible loans to new and existing investors. Founded in 2014, FaceGym is a fast-growing company in the beauty sector, which offers a non-invasive, high-impact approach to facial fitness......>>
Penningtons Manches Cooper acts for SkinBioTherapeutics plc on placing and REX retail offer on AIM
Posted: 05/01/2023
The corporate team at Penningtons Manches Cooper has advised SkinBioTherapeutics plc (AIM: SBTX) on a £2.5 million placing, and a separate retail offer to existing shareholders through the REX platform, raising an additional £117,378. This is the second fundraising on AIM that Penningtons Manches Cooper has advised SkinBioTherapeutics on......>>
Fashion, luxury and lifestyle news aggregator - November 2022
Posted: 30/11/2022
November has seen some high-profile acquisitions and insolvencies, from the high street to Savile Row, as the lasting impact of the pandemic and ongoing pressure of inflation continue to squeeze the UK high street. Frasers Group has acquired Gieves & Hawkes, a bespoke tailors with five UK stores. Frasers Group, led by Mike Ashley......>>
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