Capital changed posture.
- L Catterton and Patricof launch CHAMP, an athlete-aligned consumer fund.
- Why Ocado runs unrefrigerated vans, and what it saves.
- The 18% margin leak hiding in most product ranges.
Everyone is a marketplace now.
- TikTok Shop UK passes a £1B annual run rate; beauty 38% of GMV.
- John Lewis Marketplace launches with 47 partner brands.
- Why concentration risk is the biggest line on your P&L.
The supplier squeeze.
- Greencore cuts third-party co-pack capacity by 14%.
- Aston Manor raises minimum order quantities 35%.
- The reserve buffer formula every consumer brand should run.
Loyalty grew teeth.
- Mecca's Beauty Loop members do 3.7x annual basket of non-members.
- Reformation kills its points programme; replaces with tiered shipping.
- The deferred revenue trap hiding on your balance sheet.
The ceiling effect.
- Aesop Q1 volume off 4% YoY; the premium plateau visible.
- Khaite raises 6%, same-store conversion drops 11 points.
- The two-SKUs-per-tier rule for holding price in 2026.
Wholesale comes home.
- Glossier returns to Boots, eight years after pulling out of UK wholesale.
- ME+EM accepts its first ever Selfridges concession.
- Why DTC is a marketing channel, not a business model.