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BRC issues ‘stark warning’ as UK retail jobs plunge to record low

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September 16, 2025

There’s a “stark warning” on the UK retail jobs front from the British Retail Consortium (BRC) saying numbers have plunged to a record low over the last year, while 400,000 positions have been lost over the last decade.

Photo: Nigel Taylor

Citing the latest numbers from the Office for National Statistics (ONS) there were 2.73 million jobs in retail in June, down 97,000 year-on-year and 393,000 fewer than in 2015.

On a four-quarter average there were 1.28 million full-time and 1.5 million part-time jobs. The number of full-time jobs is down 133,000 on a decade ago. Meanwhile, the number of part-time jobs is down 258,000 over the same period.

BRC chief executive Helen Dickinson blamed the continuing declines on the rising cost of employer taxes and higher wages, “together costing the industry over £5 billion this year… hitting retail employment hard.”

And she warned that worse could be yet to come, with the Employment Rights Bill “having a materially negative impact on employment” according to the OBR, “and the threat of further cost rises at the Autumn Budget looming large.

“As costs mount on the industry, retail jobs are falling by the wayside. Whether it’s the additional complexity wrought by the Employment Rights Bill, or a new surtax on large retail premises, the impact of these policies will be to drive up prices and hold back retail employment.

“It’s vital that the Chancellor’s Autumn Budget does not increase costs to the high street further, or else it will be working people who will pay the price as local, flexible jobs are lost, and the cost of living continues to rise.”

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Louis Vuitton names Future as new ambassador

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December 16, 2025

Louis Vuitton has named Grammy Award–winning artist Future as its newest ambassador, deepening the maison’s ongoing commitment to celebrating talent across cultural landscapes. 

Louis Vuitton names Future as its newest ambassador. – Louis Vuitton

The Atlanta-born rapper, producer and composer continues to dominate the global music landscape. Most recently, he released back-to-back chart-topping albums, “We Don’t Trust You” and “We Still Don’t Trust You”, which became an international phenomenon and further cemented Future’s status as a cultural trailblazer. Over the course of his career, Future has earned 11 number-one albums and multiple chart-leading singles.

“Future embodies the core values of Louis Vuitton, including creativity, artistry, and a pioneering spirit that resonates with international audiences,” the maison said in a statement. “His unique style and creative vision make him an invaluable addition to the Louis Vuitton family.”

It’s not the first time Future collaborates with Louis Vuitton. He attended Louis Vuitton’s Men’s Spring–Summer 2026 show in Paris at the invitation of Pharrell Williams, a longtime friend and creative collaborator. Earlier this year, Future also appeared at the 2025 Met Gala, themed “Superfine: Tailoring Black Style,” wearing a custom Louis Vuitton grey quarter-zip ensemble layered with a tie, designed by Williams.

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Rent the Runway sales lift on increased active subscribers

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December 16, 2025

Rent the Runway announced on Monday sales for the third quarter rose 15.4% to $87.6 million, with the U.S. rental platform clocking growth across its subscriber base.

Rent the Runway

The New York-based firm said ending active subscribers grew 12.4%  to 148,916 during the three months, and average active subscribers totalled 147,645, up 12.9% on the prior-year period.

Meanwhile, total subscriber numbers lifted 6.1% to 185,166 during the quarter ending October 31.

In line with strong sales growth, the company reported a net income of $76.5 million, as compared to a loss of $18.9 million in the third quarter last year.

“This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, co-founder and CEO of Rent the Runway.

“Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers; but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth.”

Earlier this year, Rent the Runway said it will hand over a controlling stake in the company as part of a plan to cut debt and grow.

The deal, with lender Aranda Principal Strategies and other partners, will wipe more than $240 million of debt from Rent the Runway’s balance sheet, according to an emailed statement released in August.

Looking ahead, Rent the Runway said it forecasts revenue of between $323.1 million and $325.1 million for the full-year.
 

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Chanel taps Aegon’s top HR executive for luxury company role

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December 16, 2025

Chanel has tapped the human resources chief from Dutch insurer Aegon as the fashion and beauty company continues to reshuffle its top executive roles.

Chanel – Pre-Fall2026 – 2027 – Womenswear – New York – ©Launchmetrics/spotlight

Elisabetta Caldera, 55, has been named global chief people and organization officer for Chanel Ltd., succeeding Claire Isnard, 64, starting next month, the company told Bloomberg News in a statement.

Isnard is retiring after more than 17 years at the group, which had a workforce of around 38,400 employees last year. Caldera will join Chanel’s leadership team, reporting to Chief Executive Officer Leena Nair, and be based in London.

Caldera spent more than four years as global chief human resources officer at Aegon Ltd. where she was also part of the insurer’s executive committee. The Italian executive previously spent 17 years at Vodafone Group Plc in various HR roles until 2021 when she joined Aegon. 

Under CEO Nair, the former head of HR at Unilever Plc, Chanel has been rebuilding the roster of top managers at the company as an older guard retires.

Chanel, known for its No. 5 fragrance, is privately owned by the billionaire brothers Alain and Gerard Wertheimer whose fortunes are estimated at about $43 billion each, according to the Bloomberg Billionaires Index.

The company, founded in Paris but headquartered in London, reports its financial performance once a year, generally around late May. Revenue fell 4.3% to $18.7 billion in 2024 on a comparative basis with operating profit sliding by almost a third partly due to heavy advertising spending and a rise in hiring.
 



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