The Italian beauty retailer plans to invest €90 million to fuel growth in the next 3 years, and is in advanced talks with an investment fund interested in buying a stake. It will also close its US subsidiary.
As the Indian fashion and beauty industry pour over the Union Government’s new budget, many are disappointed by higher tax rates on many cosmetic items that already have some retailers preparing to raise their prices.
The US subsidiary of Italian cosmetics company Kiko filed for Chapter 11 bankruptcy last Thursday, and will be closing almost all of its remaining stores. The brand has blamed weak sales for its recent struggles.
Maybe it’s all the talk and tweets about who has the biggest nuclear button between Donald Trump and Kim Jong-un? For one overriding trend in London Fashion Week Men's (LFWM) this season was Survivalist Chic.