The European arm of US-based group HanesBrands has completed its separation from the parent company, and has adopted a new name inspired by its flagship brand, Dim, to express its operational independence.
UK start-up Provenance has secured €4.6 million in funding to tackle greenwashing via its transparency technology. The capital boost comes from investors across the “impact, consumer brand tech and Web3 ecosystems”.
Two monthly sales reports on Tuesday showed UK retail sales and consumer spending continued to recover. And the BRC and Barclaycard both said that clothing and footwear were among the strongest categories last month.
Swiss group Calida has bought German lingerie brand Erlich together with its parent company, the Vorfreude group, closing fiscal 2021 with sales up 19.2%, record profits and all its brands posting double-digit growth.
John Lewis will post its annual results next week and analysts are expecting a return to profit of at least £100 million. It's also working with suppliers to “review products that have components of Russian origin”.
After a year of fundamental changes for Hammerson, how’s the UK-based commercial property giant performing? On Friday, it reported a “strong" footfall recovery “in all territories” with occupier sales ahead of footfall.
The high-profile bitter dispute between corporate titans in which Amazon has sought to block Reliance's planned $3.4 billion purchase of Future Group's retail assets is currently before India's Supreme Court.
French luxury group Chanel has again increased prices on some of its products, after three price hikes in 2021, meaning some of its signature handbags now cost up to twice what they did before the pandemic in 2019.