Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Multi-brand beauty retailer Nykaa is adding new international labels to its recently launched ‘Nykaa Global Store’ including Natasha Moor, Suva Beauty, Circcell Skincare, and The Camel Soap Factory among others.
Due to the pandemic, L’Occitane has had to restructure. But thanks to e-tail and China, the multinational beauty group has proven resilient, and hopes this dark period will foster more responsible business practices.
Chanel expects to be riding high again this year after a tough 2020, with sales forecast to rise in double-digits. That’s according to the company’s CFO on Tuesday after it released its pandemic-hit 2020 figures.
Beauty and personal care brand Pilgrim has raised Rs 13 crore ($1.95 million) in a Series A funding round, which it plans to use for enhancing its research and development capabilities among other expansion.