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Ecommerce
Online retailer Mytheresa among suitors for Yoox Net-a-Porter
...Luxury online retailer Mytheresa is among potential bidders to buy lossmaking ecommerce business Yoox Net-a-Porter from Swiss luxury group Richemont....
April 2, 2024
Clayton Dubilier & Rice Inc
US buyout firm CD&R hires former Tesco chief Dave Lewis
...“CD&R is a high-performing business with really good people and the way they do business is important to me,” Lewis told the FT....
January 15, 2024
FT Live
Crypto and Digital Assets Summit
Connecting leaders in crypto with mainstream finance
Wednesday, 8 MayLondon
Hennes & Mauritz
H&M and Northvolt investor fund startup to cut fashion industry emissions
...Nobelius said Syre was in talks with “all the major global brands” such as flat-pack furniture pioneer Ikea and “see a good interest to join as an investor or as an offtaker”....
March 6, 2024
FT SeriesThe world’s best house museums
House museums #57: Pearl S Buck
...Her Pulitzer-winning novel The Good Earth (1931), the first of a trilogy about a farming family in China, jump-started her prolific career and became a bestseller again when chosen for Oprah’s Book Club...
March 2, 2024
European companies
Beauty retailer Douglas’s shares drop 9% in underwhelming Frankfurt IPO
...He said that Douglas was a sound company operating in an “interesting market” with good growth rates and stable margins....
March 21, 2024
News updates from August 22: Microsoft submits revised Activision bid, BoE warns on corporate default risk
Dick’s Sporting Goods plunges as theft hits profitability
...Shares in Dick’s Sporting Goods plummeted after it cut its profit outlook for the year as the athletic goods retailer deals with a rise in thefts....
August 22, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
News updates from August 23: Plane carrying Prigozhin crashes, Nvidia beats Wall Street estimates
Sportswear makers slide after record drop for Dick’s Sporting Goods shares
...Shares of rival US sporting retailers Foot Locker and Big 5 Sporting Goods dropped more than 4 per cent. In the UK, British counterpart JD Sports dropped almost 7 per cent....
August 22, 2023
News updates from August 22: Microsoft submits revised Activision bid, BoE warns on corporate default risk
Sportswear makers slide after record drop for Dick’s Sporting Goods shares
...Shares of rival US sporting retailers Foot Locker and Big 5 Sporting Goods dropped more than 4 per cent. In the UK, British counterpart JD Sports dropped almost 7 per cent....
August 22, 2023
ReviewAlbums
Erika de Casier: Still album review — softly sung R&B that holds centre stage
...The music is feathery and subtly detailed, with hints of drum-and-bass, pop balladry and throwback Timbaland hooks....
February 21, 2024
Ecommerce25 min
The rise of Pinduoduo and Temu: profits and secrets | FT Film
...They don't court Wall Street equity analysts like the other Chinese e-commerce giants do....
March 6, 2024
News in-depthCVC Capital Partners Ltd
How CVC struggled to makeover profits at beauty retailer Douglas
...“CVC has been a very good shareholder,” van der Laan said when praising the plan to inject more equity during the IPO to repair the balance sheet. “I’m very happy with them.”...
March 10, 2024
Retail sector
Germany’s largest sports retailer doubles down on physical stores
...“People want to touch the products before they buy them and they are keen to get good advice,” he said....
April 3, 2024
News in-depthSephora SA
LVMH-owned Sephora seizes on ‘lipstick effect’ as it aims for €20bn sales goal
...The recently renovated 12,900 square foot flagship store on Paris’ Champs-Élysées is staffed by 40 to 50 salespeople per shift to ensure good service....
March 5, 2024
Inside BusinessRichard Milne
Ikea and Lego bet big on the future of the store
...But Ikea and Lego, in subtly shifting their strategies on what a store can be, have been able to buck gloomy trends in their industries....
November 30, 2023
Currys Group PLC
Elliott abandons effort to buy UK electronics retailer Currys
...Currys’ chief executive Alex Baldock, who joined in 2018, has been steering the company towards higher-margin businesses such as repairs and maintenance of the electronic goods it sells....
March 11, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
OutlookJoe Miller
The wrong trousers? Retail has a new solution to the returns problem
...The annual retail value of returned goods in the US is said to be approaching $1tn....
April 22, 2024
John Gapper
Adidas needs to rediscover its creativity after Yeezy
...Hoka and On, the Swiss company part-owned by the tennis champion Roger Federer, are taking more shelf space in premium sporting goods stores in the US and Europe....
November 10, 2023
Dr Martens Clothing Ltd
Dr Martens chief to step down as bootmaker warns on profits again
...The update came as the retailer warned that revenues were likely to fall by a single-digit percentage in its current financial year, as it battles weak demand and falling orders....
April 16, 2024
Wirecard AG
The Japanese cosmetics retailer who became a surprise witness at the Wirecard trial
...Three years earlier, Tomiie had founded E-Credit Plus, a small electronic payments group whose main business was to process credit card payments for his own online cosmetics retailer in Japan....
January 26, 2024
Letter
Letter: Indonesia’s new leader can build on Jokowi’s progress
...Finally, Indonesia remains heavily dependent on the import of goods and services....
February 23, 2024
LVMH
LVMH’s growth weighed down by softening China luxury demand
...Sales at the Paris-based group’s fashion and leather goods division — which includes Christian Dior and Louis Vuitton, two bellwethers for personal luxury goods — grew 2 per cent on an organic basis to €10.5bn...
April 17, 2024
Farfetch.com Ltd
South Korea’s Coupang to acquire online luxury retailer Farfetch
...South Korean ecommerce group Coupang has agreed to acquire Farfetch, providing a lifeline for the foundering luxury-focused online retailer that had been rushing to avoid insolvency....
December 18, 2023
JD Sports Fashion PLC
JD Sports shares tumble after retailer cuts forecast
...On Thursday he said the company made “good progress against our five-year strategic plan” and opened more than 200 new stores in the year....
January 4, 2024
Matchesfashion.com
Matchesfashion axes half its staff after going into administration
...It was the latest upmarket retailer to fall victim to a global slowdown in luxury goods, according to administrators at Teneo, following the implosion of rival Farfetch late last year....
March 8, 2024
News in-depthShein
Shein battles counterfeiting lawsuits as online retailer pursues US IPO
...The retailer has repeatedly denied the accusations, and said it invests heavily in systems to detect copyright infringements in its supply chain....
February 2, 2024

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