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McColl’s Retail Group has said it was left with other choice than to place the company into administration as it looks to “protect creditors, preserve the future of the business and to protect the interests of employees”. The convenience retailer announced last month that it was talking to its lenders regarding...

Under Armour has seen its revenue climb by by 3% to $1.3 billion compared to the prior year in its transition quarter ending 31 March. However. the athletic performance brand posted a net loss of $60 million and an adjusted net loss of $3 million. Direct-to-consumer revenue increased by 1% to $441...

Revolution Beauty has said revenue grew by 42% to around £194 million in the year to 28 February after it delivered growth across all regions and categories. Meanwhile, adjusted EBITDA was up 73% to £22 million. In a full year trading update, the company said it benefited from a record fourth quarter...

Made.com has acquired homewares platform Trouva as part of its growth strategy.  Launched in 2015, Trouva will continue to operate as a standalone brand led by the current leadership team following the purchase. The company has relationships with over 700 boutiques across Europe and has delivered to 34 countries worldwide this...

Pandora achieved 21% organic growth in its first quarter following a strong performance from collaborations including a Marvel launch. The brand also benefited from the implementation of its new Phoenix strategy and new products such as the Padlock concept. Sales in the US grew by 7% year-on-year and by 62% on 2019...

The Body Shop has established a ‘Youth Collective’ to enable its executive leadership team to get insights into the views and ideas of young people as part of its diversity strategy. The group will be formed of 12 people from both inside the company and other B Corporations, all of whom...

Swarovski has announced that Bella Hadid has become the face of its latest campaign. In a shot conceived by creative director Giovanna Engelbert and photographed by Mert Alas and Marcus Piggott, the model appears in six portraits adorned with Swarovski crystals. Each portrait features a different colour which has been extracted...

Boohoo has posted a decline in full year profits following lower than anticipated growth. In the year to 28 February, sales increased by 14% to £2 billion and by 61% on two years ago. However, adjusted EBITDA dropped by 28% to £125.1 million year-on-year, but was broadly flat against two years ago....

MATCHESFASHION has named Dave Murray, former senior Vice President of finance at Farfetch, as its new CFO. Murray will be joining the global luxury retailer this autumn replacing Sean Glithero, who is taking a career break. Murray brings 20 years of experience in the luxury and retail sectors and spent three years...

Next saw its full price sales rise by 21.3% year-on-year in the 13 weeks to 30 April. The retailer said the strong increase was expected considering that most of its retail stores were shut for the majority of the first quarter last year. Sales in its bricks-and-mortar stores were particularly buoyant...