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7-Eleven to pay $595,000 after chain misled franchisee about lease terms

Inside Retail

The retailer was found to have breached the Australian Consumer Law in its pre-purchase dealings with Yong Li and Zhe Wang who bought the 7-Eleven Heathmont store in 2015. In 2021 7-Eleven terminated its agreement with Yong Li and Zhe Wang, trading as Lanhai Pty Ltd because the store had been under-performing.

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Why the “stars are aligning” for a successful return of Marc Jacobs Beauty

Inside Retail

Created in connection with Kendo Brands, a beauty incubator owned by luxury group LVMH, Marc Jacobs Beauty was discontinued in 2021 after its contract with Kendo ended and was not renewed. In 2015, the more financially accessible Marc by Marc Jacobs line was pulled back, and LVMH shut down the brand’s menswear department in 2017.

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Can Allbirds make a comeback with a new CEO and transformation plan?

Inside Retail

Sustainable, direct-to-consumer fashion brand Allbirds promised to revolutionise the retail industry with stylish, comfortable, and environmentally-conscious footwear designs. Its valuation surged to over US$4 billion on its first day of trading in November 2021. million in 2021.

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What’s the Guochao trend and what does it mean for global brands in China?

Inside Retail

Guochao , which can roughly be translated as ‘China chic’ is a trend that is rapidly growing in popularity amongst the country’s core consumers – Millennials and Gen Z. billion) by 2025, a hundredfold increase from 2015. billion yuan ($4.1 Florasis (also known as Hua Xizi locally) is a high-end beauty brand based in Hangzhou.

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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

Inside Retail

With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. LVMH, the world’s biggest luxury group and Europe’s most valuable company, bought Tiffany in 2021 for $16 billion after an acrimonious legal battle.

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Message in a bottle: How social media has disrupted the fragrance sector

Inside Retail

In the first quarter of 2021, fragrance sales were up 45 percent from the year prior, despite the average retail price for fragrance products growing by 15 percent in the same time period. The year 2021 proved to be an extraordinary period, undoubtedly shaped by the pandemic, which had a profound influence on consumer behaviour,” Bar said.

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Why brands are developing an appetite for cutting food waste

Inside Retail

United Nations data has shown that if food waste were a country, it would be the third-largest emitter of greenhouse gases globally (8-10 per cent of global emissions). The good news is that addressing the problem of food waste meets consumer expectations and offers businesses many benefits. Capgemini’s recent report, Reflect.

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