[confidential] With Courrèges, Gérard Darel and Roberto Cavalli, Autone grows to 40 customers Europe Following an investment of US$28 million in Q4 2023, which should double this year, Thai operator and developer Siam Piwat (turnover of US$1.54 billion in 2023) is negotiating a partnership with 16 airlines companies to promote luxury tourism in Thailand.…
B&Q: 10% of e-commerce sales come from product recommendations At the World Retail Congress in Paris, Thierry Garnier, C.E.O. of Kingfisher (sales of US$14.98 billion in 2023,…
Bijou Kurien, Retailers Association of India: “Investors’ focus has shifted from sales growth to profitability” Asia After 6 years as head of L-Catterton Asia, an investment fund supported by LVMH in Asia, Bijou Kurien is the Chairman of the Retailers Association of India, and a member of the Board of several Indian companies such as Brigade Enterprises (property), Timex Group (watches) and Suguna Foods (food). At the World Retail Congress in Paris, he shared with mind Retail his vision of the VC landscape in India.
Retail crisis in Morocco: international franchises in jeopardy Africa, Middle East In 2024, the Moroccan retail sector is going through a tumultuous period, marked by the successive closures of international franchises.…
L’Occitane, Sephora, Ulta Beauty make major moves in a slowing market As the beauty market slows down, particularly in China, three cosmetics retailers are making major moves. L'Occitane could move under an American flag. Sephora is changing rules of governance in China. Ulta is witnessing slower growth.
Crate & Barrel: design workshops generate 40% of store sales Americas Operating in the U.S.A. and Canada, furniture retailer Crate & Barrel (Otto Group) developed an appointment-only service offering advice on interior design and decoration. Results were presented on April 16, by CEO Janet Heyes at the World Retail Congress in Paris.
China: Roche Bobois takes back control of Chinese franchisee Asia On April 10, 2024, the family-owned Roche Bobois Group (annual sales of €429.6 million to 31 December 2023, up 6.1% at constant exchange rates) announced a strategic shift in China.…
McDonald’s buys back Israeli franchise to curb boycott calls Africa, Middle East While McDonald’s has been the subject of numerous calls for boycotts over the last 6 months, on April 4,…
Autonomous stores: with a smart shopping cart, Amazon is aiming for a more omnichannel retail media Americas By deploying a smart shopping cart in large-format stores, to the detriment of "Just Walk Out" technology, Amazon is seeking to capitalise on a new medium for retail media. Has the limits of autonomous checkout been reached ?
The Home Depot continues B2B expansion with acquisition of SRS Distribution Americas In the United States, on March 28, 2024, The Home Depot (sales of US$152.67 billion in 2023, down by 3% in one year with a net margin at 9.9% of sales,…