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Stila Cosmetics has appointed an independent manager to help guide the company and also hired Michelle Kluz as chief executive. Kevin Carey, senior counsel at Hogan Lovells’ corporate and finance practice group, will serve as manager of Stila Styles with responsibility for guiding the Stila leadership to “set a course that...

Bensons for Beds has teamed up with Absolute Radio’s Cash for Kids charity to help children across the country who do not have their own bed to sleep on. During their show on 18 July, Absolute drive-time presenters Bush and Richie highlighted the impact the economic climate is having on families...

UK retail sales improved in July as more people bought picnic food and summer fashion items during the heatwave. Figures from the British Retail Consortium and KPMG show that total sales increased by 2.3% in the month compared to an uplift of 6.4% in July 2021. On a like-for-like basis sales...

Amazon has agreed to acquire the Roomba vacuum maker iRobot as part of plans to accelerate its growth beyond retail. The online retail giant will buy iRobot in an all-cash transaction valued at approximately $1.7 billion. The purchase will also include iRobot’s net debt. Having introduced the first Roomba robot vacuum in...

New figures have shown that people are increasingly turning back to cash as they look to control their spending during the cost of living crisis. The Post Office has revealed that personal cash withdrawals at its post offices rose by almost 8% month-on-month to a record £801 million in July. In...

Shares for Crocs dipped 10.7% on Thursday as the footwear company, which completed its acquisition of Hey Dude earlier this year, cut its forecast despite beating earnings expectations. In the second quarter, revenues for the Colorado-based company rose 50.5% compared to the same time last year to $964.6 million. By segment,...

One of the largest investors in fast fashion giant Boohoo has slashed its stake. Rowe Price International now has a holding of just under 5% in the Manchester-headquartered group, down from 9.7%. The firm had been the largest institutional investor in Boohoo and its second overall, behind co-founder Mahmud Kamani. Other mayor investors...

Balenciaga has teamed up with Reliance Brands to enable it to enter the Indian market. The long-term franchise agreement will see the company become Balenciaga’s sole partner in launching the brand in the country. The partnership will be RBL’s second with Balenciaga’s parent group Kering. Balenciaga’s collections span womenswear, menswear, accessories and objets...

Next is understood to be in talks to acquire a large stake in the Joules lifestyle and clothing brand. According to a report by Sky News, Next has been negotiating with Joules for several weeks over the potential purchase of up to  25% of the business. In addition to its online store,...

ScS has hiked up profit expectations after a strong year of trading but warned that the cost-of-living crisis is now affecting the business.  The furniture retailer reported a 3.9 per cent increase in orders in the year to 30 July, compared with the previous year.   The firm, which specialises in soft furnishings...