Mon.Oct 30, 2023

article thumbnail

L Catterton sells stake in men’s apparel brand Rhone

Retail Dive

The brand closed on a round of financing through a special purpose vehicle fund that provided capital needed to buy out the private equity firm’s minority stake.

Apparel 93
article thumbnail

One in Four Consumers to Rely on Credit Cards and Buy Now, Pay Later Schemes for Christmas 2023 Spending

365 Retail

Maxine McCreadie, personal finance expert at Creditfix , said: “Our survey highlights that, as bills and food prices hit new highs this year, people across the country are cutting back across the board this Christmas, whether that’s on gifts, social activities, or food spending consumed.

article thumbnail

Small Businesses Win Hearts: Warm Welcomes, Complimentary Samples and Exclusive Birthday Discounts Elevate the Shopping and Customer Experience

365 Retail

In response to economic uncertainties, 44% of respondents are actively managing their finances. Despite potentially higher costs, 26% see the current economic climate as an opportunity to back smaller, independent vendors.