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Related news & insights - Gavin Stenton

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......>>
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......>>
Why businesses should register their design rights
Posted: 05/04/2023
Registered designs are often overlooked by businesses assessing how best to protect their intellectual property (IP). This is in part due to the complex and multi-layered legal framework for design right protection in the UK, but it also results from an underestimation of the role such rights can play in a business’s portfolio......>>
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......>>
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......>>
Fashion, luxury and lifestyle news aggregator - October 2022
Posted: 28/10/2022
Over the last two decades, UK consumer spending on Halloween has gone from just £12 million to a predicted £687 million – an almost 60-fold increase. While nowhere close to America’s predicted spend of $10.6 billion, in the UK Halloween is now the third biggest shopping event for supermarkets, following Christmas and Easter......>>
Fashion, luxury and lifestyle news aggregator - September 2022
Posted: 30/09/2022
Of the many measures contained in the UK government’s mini-budget announcement at the end of September, retailers had cause for celebration over the news that VAT-free shopping will be reintroduced, after it was somewhat controversially scrapped post-Brexit by former chancellor Rishi Sunak......>>
Fashion, luxury and lifestyle news aggregator - August 2022
Posted: 24/08/2022
The phrase ‘revenge spending’, reportedly first deployed in the 1980s, characterises the incremental increase in consumer spending – relative to normal levels – after an unprecedented adverse economic event (such as a global pandemic). Put simply, revenge spending describes the urge to spend money to make up for the previous inability to do so......>>

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