BlackRock’s Long Term Private Capital fund, alongside Spanish businessman Javier Ferrán, has become the main shareholder of Creed, one of the world’s most ancient independent perfume labels, founded in the UK in 1760.
In a front-line move to target consumer safety, UK ethical beauty and home products retailer Lush is allowing passersby to enter its stores and wash their hands for free as a way to help halt the spread of coronavirus.
Jimmy Choo’s loss is Coty’s gain. Choo CEO Pierre Denis is leaving the luxury footwear and accessories brand after eight years at the helm. He’ll step down from the role in late May and will become CEO of Coty.
Plans have been unveiled to build a new 250,000 sq ft outlet village in the North of England. Scotch Corner Designer Village will target both tourists and locals and wants to be in the top 6 of UK outlet retail sites.
As the Columbus, Ohio-based retailer prepares to sell a controlling stake in its Victoria’s Secret brand to Sycamore Partners, the company has reported a net loss of $192.3 million for the fourth quarter.
Candace Craig Bulishak, who most recently served as chief marketing officer, will now serve as president, while former senior vice president of new product development and operations, Kim Tran, will become COO.
2019 was a good year for Hermès and the firm remains upbeat, despite a small slowdown in Q4 and the recent coronavirus outbreak. It saw strong performances in RTW, jewellery, Asia, the Americas and the UK.