Farfetch said on Thursday that it now accepts payment in cryptocurrency for its marketplace customers in 37 countries. It follows news in June that it would begin to accept such payments in several markets by year-end.
Choosing between physical and online retail isn't an issue for global consumers with most choosing omnichannel and actively combining the physical with the virtual, using phones in-store for research and for e-shopping.
Within days of issuing a positive trading update to shareholders, Hyve Group was back with further details of its progression, with trading for the year ended 30 September showing a “full revenue recovery”.
It’s going to be a tougher-than-expected Christmas trading period, if one report is to be believed. UK shoppers are likely to spend 22% less on non-essentials in the festive run-up and other markets will see drops too.
Roger Blundell is to step down as chief finance officer at Grosvenor before the end of the year with Debbie Lee promoted to take over as CFO from January 2023. However, he will move into non-executive and advisory roles.
Frasers is doubling down on its efforts to get MySale shareholders to accept its buyout offer as it also says it’s on the verge of owning more than half of the firm’s shares, even though it’s still well below its target.
With LFW’s celebratory angle having been on hold due to the death of the Queen in September, the British Fashion Council has now unveiled a “city-wide celebration” that’s set to kick off on 6 October.
Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Are You Mad. No, that’s not a question but the name of Shaftesbury’s latest consumer-facing effort to promote sustainability. The London property giant has opened its first visible recycling unit on Carnaby Street.