Latest news with #Sorbis
Extra.ie
17 hours ago
- Business
- Extra.ie
Topshop (kinda) returning to Ireland in high street comeback
High street clothing brand Topshop is making its comeback, with Ireland being one of the countries where it'll return. The clothing brand closed its final shop in late 2020, with the brand being purchased by ASOS in 2021 and their clothes being available on ASOS' website as well as in Nordstrom in the US. Today's top videos STORY CONTINUES BELOW However, following a teaser that they would be returning in physical form earlier this year, Topshop announced that it will be reopening physical shops in Denmark, France and in Ireland. Pic: Sorbis/Shutterstock McElhinney's in Donegal, the largest department store outside of Dublin, will be where Topshop first returns to Ireland, while Primetemps shops in France and Magasin du Nord shops in Denmark will also see the shops return. Drapers report that McElhinney's will see a Topshop department from August 21, with a spokesperson saying that they're 'delighted' to be back. 'We're delighted to confirm we will stock in a range of partners across Europe and Rest of World territories including Printemps, Magasin and McElhinneys,' a Topshop spokesperson said. ASOS bought Topshop's parent company Arcadia in 2020. Pic: Shutterstock 'I'm excited to see Topshop back in person,' the brand's managing director Michelle Wilson told Draper. 'I think the partner that we are collaborating with is an incredible partner. 'I think it will surprise a few people. I'm looking forward to the day that we launch that and seeing people's reaction and excitement.' Topshop closed its beloved St Stephen's Green flagship store in 2019, before it emerged that ASOS bought out Arcadia, its parent company, for €300million and its remaining stock for €30million. Several Irish outlets of Topshop and other brands closed in 2019. Pic: Shutterstock 'The acquisition of these iconic British brands is a hugely exciting moment for Asos and our customers and will help accelerate our multi-brand platform strategy,' ASOS Chief Executive Nick Beighton said at the time. 'We have been central to driving their recent growth online and, under our ownership, we will develop them further, using our design, marketing, technology and logistics expertise, and working closely with key strategic retail partners in the UK and around the world.'
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
UK clothing-footwear CPI up 0.5% YoY in Jun 2025: ONS
Pic: Sorbis / The UK consumer prices index (CPI) rose by 3.6 per cent year on year (YoY) in June this year—up from 3.4 per cent YoY in May. It rose by 0.3 per cent month on month (MoM) in the month compared with a rise of 0.1 per cent MoM in June 2024, according to the Office of National Statistics (ONS). The rate was above the first (or flash) estimate of inflation for France (0.8 per cent) and Germany (2 per cent) in June 2025. The UK CPI rose by 3.6 per cent YoY in June this yearâ€'up from 3.4 per cent YoY in May. It rose by 0.3 per cent month on month (MoM) in the month compared with a rise of 0.1 per cent MoM in June 2024. The CPI for clothing and footwear increased by 0.5 per cent YoY and decreased by 0.4 per cent MoM in June. Core CPI rose by 3.7 per cent YoY in Juneâ€'up from a 3.5-per cent YoY rise in May. The CPI for clothing and footwear increased by 0.5 per cent YoY and decreased by 0.4 per cent MoM in June this year. Transport, particularly motor fuels, made the largest upward contribution to the monthly change in the UK CPI annual rate, an ONS release said. Core CPI (excluding energy, food, alcohol, and tobacco) rose by 3.7 per cent YoY in June 2025—up from a 3.5-per cent YoY increase in May. The CPI goods annual rate rose from 2 per cent YoY in May this year to 2.4 per cent in June. Fibre2Fashion News Desk (DS)
Fibre2Fashion
15-07-2025
- Business
- Fibre2Fashion
Turkish May textile-clothing-footwear retail sales volume up 11.3% YoY
Pic: Sorbis / Turkish trade sales volume increased by 19.2 per cent year on year (YoY) and 3.3 per cent month on month (MoM) in May this year, according to the Turkish Statistical Institute (Turkstat). In the same month, wholesale trade sales volume increased by 20.2 per cent YoY and 4.3 per cent MoM, while retail trade sales volume increased by 17.7 per cent YoY and 1.6 per cent MoM. Retail sales volume of textiles, clothing and footwear increased by 11.3 per cent YoY and 2.1 per cent MoM in the month, a Turkstat release said. Turkish trade sales volume increased by 19.2 per cent YoY and 3.3 per cent month on month (MoM) in May, according to the Turkish Statistical Institute. In the same month, retail trade sales volume increased by 17.7 per cent YoY and 1.6 per cent MoM. Retail sales volume of textiles, clothing and footwear increased by 11.3 per cent YoY and 2.1 per cent MoM in the month. Fibre2Fashion News Desk (DS)
Yahoo
29-05-2025
- Business
- Yahoo
e.l.f. Beauty (ELF) Buys rhode for $1 billion, Eyes Premium Market Growth
On Wednesday, May 28, e.l.f. Beauty Inc. (NYSE:ELF) announced the acquisition of makeup and skincare brand rhode for approximately $1.0 billion. The deal comprises $600 million in cash and $200 million in e.l.f. Beauty common stock, along with a potential performance-based earnout of $200 million, contingent on the brand's growth over a three-year post-closing period. The rhode brand, launched in 2022 by model Hailey Bieber, has gained significant popularity among Gen-Z and millennials. The brand sells skincare products, pocket blushes, peptide lip treatments, and other products, and reported $212 million in revenue for fiscal year 2025 (ending in March). Sorbis/ For e.l.f. Beauty, which traditionally focuses on affordable, mass-market cosmetics, the acquisition marks a strategic move to expand into higher-end, premium products. In the announcement, e.l.f. Chairman and CEO Tarang Amin described rhode as a like-minded disruptor, stating: 'rhode further diversifies our portfolio with a fast-growing brand that makes the best of prestige accessible. We are excited by rhode's ability to break beauty barriers, fully aligning with e.l.f. Beauty's vision to create a different kind of company. rhode is a beautiful brand that we believe is ready for rocketship growth.' e.l.f. Beauty also reported Q4 FY2025 results, with net sales of $332.6 million—up 4% year over year. Earnings per share (EPS) stood at $0.78, beating market expectations of $0.72. However, the company is not providing guidance for FY2026 due to the impact of tariffs. While we acknowledge the potential of ELF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ELF and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Extra.ie
29-04-2025
- Business
- Extra.ie
Marks and Spencer cyber attack linked to 'hackers as young as 16'
Some Marks & Spencer stores have been left with empty shelves as the high street chain continues to be disrupted by the fallout of a cyber attack. The retailer said it has 'pockets of limited availability' in some of its shops and said it is 'working hard' to get availability back to normal. A spokeswoman for M&S said: 'As part of our proactive management of the incident, we took the decision to take some of our systems temporarily offline. Some Marks & Spencer stores have been left with empty shelves as the high street chain continues to be disrupted by the fallout of a cyber attack. Pic: Vuk Valcic/ZUMA Press Wire/Shutterstock 'As a result, we currently have pockets of limited availability in some stores. 'We are working hard to get availability back to normal across the estate.' It is understood that some packaged food deliveries from M&S to online grocery partner Ocado have also been affected by the cyber incident. The retailer said it has 'pockets of limited availability' in some of its shops and said it is 'working hard' to get availability back to normal. Pic: Sorbis/Shutterstock M&S has been seeking to grapple with the impact of a major 'cyber incident' for more than a week. The incident first caused problems for the retailer's contactless payments and click-and-collect orders. Last Friday, it paused orders through its website and app, which have remained down as it tries to resolve the problem. It is understood that some packaged food deliveries from M&S to online grocery partner Ocado have also been affected by the cyber incident. Pic: Sorbis/Shutterstock A hacking group operating under the name Scattered Spider has been linked to the attack, according to technology industry title Bleeping Computer. It's understood that the group includes young English-speaking people who are as young as 16 years old. Bleeping Computer first linked the hacking group to a potential ransomware attack against the retailer. On Monday, M&S told agency staff at a key logistics site to stay at home due to the continued disruption. It confirmed that agency staff at its Castle Donington clothing and homewares logistics centre in the East Midlands were told not to come in.
