LVMH has acquired a 10% stake in Double R, the investment vehicle of Moncler’s CEO, Remo Ruffini. This marks a significant step in strengthening partnerships within the luxury fashion industry.LVMH’s recent investment represents around 1.6% of Moncler, enhancing the conglomerate’s influence in the brand.Over the next 18 months, Double R’s stake in Moncler is set to increase to a maximum of 18.5%, supported by LVMH’s funding.The acquisition grants LVMH the right to appoint board members to Double R and Moncler, influencing strategic decisions.Ruffini expresses confidence in the partnership, noting its role in securing Moncler’s future vision and brand independence.LVMH has…
Author: Dave Antrobus
In light of a recent BBC Panorama investigation, Aldi’s CEO addresses concerns over supermarket price-matching.Aldi’s Giles Hurley highlights discrepancies in supermarket price comparisons, pointing out that not all products claiming to be price-matched are equivalent.The investigation found that Tesco’s price-matched items often have less of the main ingredient compared to Aldi’s equivalents.Hurley asserts that Aldi maintains quality while offering great value, contesting other retailers’ price claims.Tesco responds to the findings, stating their commitment to quality and comparable goods.Aldi’s CEO, Giles Hurley, has reached out to shoppers following a revealing BBC Panorama investigation that scrutinised supermarket price-matching practices. The investigation called…
Frasers Group accelerates its ‘next generation’ department store rollout as it phases out the House of Fraser brand.The Sheffield Meadowhall centre hosts Frasers’ 13th and most expansive store to date, replacing an outdated model.David Epstein, Managing Director, highlights the global trend of struggling department stores and the need for innovation.Frasers Meadowhall features various branded spaces, digital elements, and pop-up areas, demonstrating a modern shopping experience.The store strategically incorporates Sports Direct while keeping ample space for a home department and a Pret-A-Manger partnership.The Frasers Group is intensifying its expansion of ‘next generation’ department stores as it phases out the House of…
Boots has initiated its most expansive beauty marketing campaign yet, inviting audiences to embrace beauty anew. The campaign targets the under-35 demographic through diverse media channels.The campaign, titled ‘make more room for beauty,’ seeks to incorporate over 25 new brands into everyday beauty routines.It features a series of films voiced by British actor Freema Agyeman, aiming to resonate with young British women.Innovative advertising formats such as an 8-page magazine ad and special builds in London are employed to enhance visibility.Social media strategies on Instagram and TikTok are crafted to engage the younger audience effectively.Boots has embarked on an unprecedented venture…
The British advertising regulator has taken action once again against Huel for misleading promotional claims. This represents the third ruling against Huel’s advertising practices in two months. The specific issue involved an Instagram post that made unsubstantiated claims regarding health benefits and pricing. Despite providing evidence for its pricing claims, Huel failed to substantiate their health claims adequately. The ruling follows a similar case involving Steven Bartlett’s endorsement.The British Advertising Standards Agency (ASA) has issued another ruling against the meal supplement company Huel, marking the third such incident within two months. This action was taken due to a promotional Instagram…
Frasers Group has unveiled its latest flagship, marking a strategic shift away from House of Fraser.The sprawling 100,000 sq ft store integrates fashion, beauty, and homeware across two floors.A standout beauty hall features brands like Creed, Clarins, and ghd, highlighting Frasers’ industry connections.Sports Direct’s expansive floor includes a new Nike Football department and cutting-edge running technology.David Epstein of Frasers Group emphasises the store’s role in setting retail benchmarks through quality and innovation.Frasers Group has opened a new flagship store at Sheffield’s Meadowhall, representing a significant move away from the House of Fraser brand. This extensive 100,000 square foot space covers…
Plans by Welsh Labour to revoke the charitable status of private schools have sparked a debate on education funding.The removal of domestic rates relief is expected to generate an additional £1.3 million for local services.Mark Drakeford argues that this aligns Wales with similar policies in Scotland and planned changes in England.Critics fear the impact on enrolment as over 23% of parents may consider withdrawing their children from private schools.Concerns have been raised about the strain on public schools and increased costs for taxpayers.Planned changes by Welsh Labour entail removing charitable status from private schools, compelling them to pay domestic rates.…
The Welsh Government plans to introduce new taxes on private schools by revoking their charitable status.This change is expected to generate an additional £1.3 million annually for Wales.The proposal aligns with similar legislative changes in Scotland and planned measures in England.Critics argue that these changes could overwhelm the state education system and burden taxpayers.The Welsh Government is currently consulting on these proposals until December.The Welsh Government has announced plans to alter the tax structure for private schools by revoking their charitable status. This move would require fee-paying schools to contribute domestic rates, potentially bringing £1.3 million more into the public…
Kiki McDonough responds to the tourist tax impact with a price cut.American and Australian tourists benefit from a 20% discount.The reduction aims to recover losses after VAT-free shopping ended.Luxury shopping’s role in tourism and its ripple effect are highlighted.The government is urged to reconsider VAT policies for economic growth.Kiki McDonough, a renowned royal jeweller, has taken decisive action against the adverse effects of the ‘tourist tax’ by offering American and Australian customers a 20% reduction in prices. This strategic move is an attempt to counterbalance the significant ramifications prompted by the abolition of VAT-free shopping for tourists—a policy shift initiated…
Superdry CEO, Julian Dunkerton, is urging the UK government to address a tax loophole favouring Shein.The loophole allegedly offers Shein an unjust advantage by exempting low-value parcels from import duties.While Shein credits its supply chain efficiency for its success, Dunkerton argues that tax policy gives them an edge.UK Treasury maintains that tax policies must consider both retailer and consumer interests.Business Secretary Jonathan Reynolds has also expressed concerns over the alleged tax benefits for Shein.The CEO of Superdry, Julian Dunkerton, has called upon the UK government to reconsider tax policies that allow the fashion retailer Shein to allegedly bypass certain import…