One of the West End of London’s biggest retail landlords, Shaftesbury Capital, issued a trading update on Thursday saying it’s continuing to see strong demand for its properties. The company controls key areas such as Carnaby Sreet, much of Soho and Covent Garden. CEO Ian Hawksworth cited year to date “positive trends in footfall and…
Karl Lagerfeld has unveiled its latest linkup with Disney, where Kaiser Karl gets to play the role of Donald Duck. The Karl Lagerfeld X Disney collaboration – Courtesy From designer to duck, as the German designer morphs into an anatidae with yellow webbed feet and duckbill. Though still retaining his signature powdered white ponytail and…
In the current quasi-authoritarian state of the US, perhaps no entity has been touched as much as higher education. (L-R) Calvin Klein, Donna Karan, and Joel Towers – Courtesy At the 76th annual Parsons Benefit which honored Artemis Patrick, Madelyn Wils, and Willy Chavarria with The Parsons Table Award “recognizing individuals who made a noteworthy…
New CEO, new priorities: the Otto Group is earning money again. In the 2024/25 financial year (reporting date: February 28), all earnings levels were back in the black with stable sales after two lean years. According to new CEO Petra Scharner-Wolff , the turnaround has been achieved. New Chairwoman Petra Scharner-Wolff – OTTO GROUP Earnings…
By Reuters Published May 21, 2025 Amazon.com investors at its annual meeting again rejected all outside shareholder resolutions, including three meant to address the online retail giant’s impact on climate change. Reuters Voters approved the reelection of 12 directors and proposed executive compensation. Shareholders put forth eight proposals, all of which Amazon encouraged investors to…
By Reuters Published May 21, 2025 Swatch Group shareholders on Wednesday rejected a bid by an American investor to secure a place on the company’s board, as the family that has long dominated the watchmaker closed ranks to keep him out. Swatch Steven Wood, founder of U.S. firm GreenWood Investors, is pressing Swatch to focus…
By Reuters Published May 21, 2025 The family that dominates Swatch Group faces an unusual test on Wednesday when an American investor tries to secure a place on the Swiss watchmaker’s board, bidding to shake up its performance after a slide in its fortunes. Swatch Steven Wood, founder of U.S. firm GreenWood Investors, wants Swatch…
Luxury department store Harrods has announced an extended collab with Fashion Trust Arabia to support emerging designers from the Middle East and North Africa (MENA). Yasmin Mansour At an event at the London store this week, it said the collab “goes far beyond endorsement: it gives these designers a global stage – Harrods itself –…
High streets and shopping/entertainment centres may well be buzzing with activity but this doesn’t always translate into hard cash for retailers with the cost of living still weighing. A prime example is footwear retailer Shoe Zone, which saw physical store sales decline in the half-year to 29 March and now expects full-year profits to halve….
Revolution Beauty had another twist to add to its long saga of business ups and downs on Wednesday, announcing that it has received a possible takeover offer, that it’s making a big board change and that it’s kicking off a formal sale process. Revolution Beauty So where do we start? Perhaps the possible offer is…
