Boohoo on Monday confirmed that it has bought the Debenhams brand for £55m. It will use it to move into beauty and homewares, extend its own brand offering, operate a giant online marketplace and grow internationally.
Youth-focused, non-toxic personal care brand Super Smelly has reported annual recurring revenue of Rs 12 crore ($1.8 million) in the span of two years, with a 200% year-on-year growth rate from April 2020 to April 2021.
This year has increased the importance of Chinese consumers to the luxury sector as the overall market has shrunk while China’s purchases have surged. And there's more to come in the next few years too.