article thumbnail

Wesfarmers’ API set to acquire Silk Laser Clinics business

Inside Retail

Silk founder and MD, Martin Perelman (pictured above), said the company’s board has determined that it is in the “best interests of shareholders to engage with API”. Last week, Wesfarmers sold all of its remaining shares in the supermarket chain, Coles Group , which it spun off in 2018. per share indicating a premium of 30.2

article thumbnail

Rival pharmaceutical company seeks to keep API from Wesfarmers

Inside Retail

The pair aren’t strangers to the idea of merging, having floated the idea in 2018 before reopening the channel of communication earlier this year, according to reports in AFR. There is no certainty that the engagement between API and Sigma will result in a change of control transaction or an offer.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why Oroton is bringing AR mirrors to Australian fashion

Inside Retail

The plan, according to Oroton’s chief executive Jenny Child is to inspire customers to come in-store to check out the technology, as well as invite passersby to engage with the mirrors. The AR displays, which come from fashion tech company Zero10, give customers the opportunity to virtually try on items from Oroton’s new collection.

Fashion 290
article thumbnail

Myer’s latest trading update is a testament to putting the customer first

Inside Retail

King has been on a 12-month rolling contract with Myer since 2018 and has decided to retire at the end of this financial year to return home to Florida to be with his family. Myer doubled down on its customer focus with its loyalty program, Myer One, which was designed to strengthen its relationship with new and existing customers.

article thumbnail

Exclusive: Welcome to Myer’s new Virtual Store

Inside Retail

Litmus Retail Group has partnered with Myer on a physical showroom concept that will enable the department store to display big and bulky products, such as treadmills, e-scooters and stand-up desks, and track how consumers are engaging with them to inform future buying decisions. Digitally led showrooms.

article thumbnail

Selfridges: Why the best department store in the world is up for sale

Inside Retail

Unlike other British department stores, such as Debenhams and House of Fraser, which both collapsed into administration after years of erratic sales growth, or even John Lewis, which has been unable to halt a steady sales decline since 2018, Selfridges has actually reported a sales increase every year for the last decade, reaching £1.97

article thumbnail

As more jewellery brands embrace lab-grown diamonds, some fear oversupply

Inside Retail

In 2018, the US Federal Trade Commission (FTC) shifted its definition of what could be marketed as a diamond, stating that it “is no longer accurate to define diamonds as ‘natural’ when it is now possible to create products that have essentially the same optical, physical and chemical properties as mined diamonds”.

Jewelry 246