Last week, UK department stores went on the endangered list. This week, it’s the turn of the mid-priced men’s suit market. Marks & Spencer has revealed it no longer sells men's suits at over half of its 254 big stores.
Givaudan, the world’s top perfume and fragrance producer, has announced it will enlarge its production plant in Pedro Escobedo, in the state of Querétaro, Mexico, as it seeks to boost its Latin America growth.
Palm Angels has launched not one but three debut scents with fragrance specialist 19 – 69, in the latest product development from the Italian hipster skateboard brand, following on link-ups with Missoni and Vilebrequin.
The Italian luxury label’s H1 net revenue amounted to €313.8 million, up 7.7% at current exchange rates over June 2019. Revenue is set to grow by around 20% in the current year, and will rise by 10% in 2022.
Japan's retail sales rose for a fifth straight month in July, beating expectations as the consumer sector continued its recovery, although a coronavirus resurgence has cast doubts over the spending outlook.