Retail news round-up: Dominic Chappell forced to co-operate in BHS investigation and Feelunique buys The Beautyst
Insolvency service takes legal action against Chappell
The Insolvency Service is taking legal action against Dominic Chappell for failing to co-operate with its BHS inquiry, Sky News reported.
Sources said that Chappell has to appear at a court hearing scheduled for April 27 in Manchester.
Sources also said Chappell’s documents relating to BHS were seized in a raid by HM Revenue & Customs last year, and as a result he cannot provide information.
Feelunique buys The Beautyst
Feelunique has acquired The Beautyst, a French company which sells beauty products online, The Telegraph reported.
Feelunique said that buying The Beautyst will further its reach in Europe.
Feelunique’s chief executive Joel Palix said: “The acquisition of The Beautyst further accelerates our vision of becoming the leading player in online beauty in France.”
UK retail sales drops in March
British retail like-for-like sales fell in March despite a 5.2% increase in footfall, according to BDO, The Times reported.
The sale of lifestyle and homeware products increased 1.4% and 1.8% year-on-year respectively.
There was a 0.8% drop in fashion sales, while online sales increased 28.1% in March.
BDO’s head of retail and wholesale Sophie Michael said: “The new season should have triggered high-street spending, and retailers will be questioning why they have been unable to convert shoppers into buyers.”