Wah Nails founder Sharmadean Reid grabs $1m from Saul Klein’s Localglobe for new beauty networking app Beautystack April 9, 2018 The founder of London salon chain Wah Nails has proved she means business with her latest beauty venture, grabbing almost $1m of funding from Saul Klein’s Localglobe and angel investors. Wah’s Sharmadean Reid plans to use the funding to develop and launch the app of Beautystack, a new platform which acts as a beauty appointment [...]
Asos sales jumped during a record Christmas trading period January 12, 2017 Asos remains decidedly en vogue, after it hiked guidance following a record Christmas trading period. The figures It's all coming up roses for Asos (in this case, roses embroidered down the side of a button-down denim mini). The online retailer reported a 36 per cent jump in retail sales to £605.7m in the four months to the end of December, [...]
Brands are better positioned than ever to create a better future February 26, 2018 The theme of this year’s Mobile World Congress is creating better futures. Startup and breakthrough brands such as those showcasing at MWC and its sister platform 4YFN are widely heralded as a force for good that will be instrumental in the creation of a better future for all of us. But it’s not just new [...]
More shareholders raise concerns that Richemont offer “undervalues” yoox Net-a-Porter February 19, 2018 Shareholders in luxury online retailer Yoox Net-a-Porter (YNAP) have raised concerns that a proposed takeover bid undervalues the business. Ciccio Azzollini, chief executive of Italian investment firm 3IP and a YNAP investor told City A.M. that an offer by Montblanc owner Richemont of €38 per share is too low. The bid values YNAP at €5bn [...]
Numis strengthens hold on top-tier AIM clients while FinnCap takes biggest share of junior market February 5, 2018 Numis Securities shored up its position as the top broker to the largest companies on London’s junior market in the latest rankings, while FinnCap stuck it out at the top of overall rankings. FinnCap was broker to the highest number of clients on the Alternative Investment Market (AIM) in January, despite losing four since October, [...]
Online retailers including Asos and Boohoo set to be the winners of the festive season January 8, 2017 Retailers with a strong online offering are set to be some of the biggest winners of the festive season's trading, with analysts pencilling in sales jumps for Asos and Boohoo of 30 per cent and 46 per cent respectively. The City had been fearful that the festive period was a bloodbath for retailers after Next [...]
How to Boost the Visibility of Your Mobile App November 1, 2017 The mobile app market is a massive and monstrous marketplace where the number of annual app downloads is forecast to top 200 billion in 2017, up from 82 billion in 2013. Research from Gartner expects app downloads will soar to 269 billion in 2017, up from 102 billion in 2013. 451 Research reminds that there [...]
Asos is creating 1,500 new jobs at its Camden headquarters December 12, 2016 Asos has proven online fashion retail is still firmly en vogue – after it said it wants to create another 1,500 jobs at its Camden headquarters, and is taking another 40,000 sq ft to house them. The roles will stretch across disciplines including technology, marketing, content and retail, it said this morning. That means it [...]
The AIMperor’s new clothes: Sosandar and Footasylum notch up share price rises after IPOs November 2, 2017 Two clothing retailers entered London’s junior market today, with shares in both jumping during their first day of trading. Footasylum, the sportswear retailer which is the branchild of JD Sports co-founders John Wardle and David Makin, debuted on the market with a price of 164p per share. They hit a high of 207p and closed [...]
Tech startup Trouva, a marketplace for independent shops, raises $10m November 12, 2017 Tech startup Trouva, an website that provides independent shops with the ability to sell online, has raised fresh cash from investors. BGF Ventures has led the $10m (£7.6m) series A, with Index Ventures, a previous backer of fashion firms Farfetch, Etsy and Asos, and Octopus Investments also participating. Trouva acts as a marketplace for small [...]