There's a new frontrunner in the race to buy Topshop, Topman and Miss Selfridge with Asos being suggested as the lead contender on Saturday evening, which could mean the chances of saving any stores are slim.
The Japanese beauty giant confirmed on Friday that it is in negotiations with CVC to sell the investment fund its consumer personal care business, the value of which is reported to be over $1.45 billion.
Good looking back, good looking forward. That’s pretty much the assessment of online fashion retailer MySales’ six-month trading update released Friday.
The founder of shirts specialist Charles Tyrwhitt said business “fell off a cliff” last year as stores were forced to close, consumers reined-in spending and worked from home so his products stayed on the rails.
John Lewis Partnership said Friday that trading during the peak shopping season, which included Black Friday and the Christmas period, “held up better than anticipated”.
Danish fashion giant Bestseller has announced what it says is its “biggest venture yet” with the planned October debut of JJXX — a new offer for young women as part of the Jack & Jones brand.
Losses widened at Victoria Beckham’s fashion company, despite rising sales, in the year before the pandemic as it invested in its beauty launch, results due to be filed at Companies House have shown.
The fashion retailer has revealed a new long-term growth strategy that aims to transform its Aerie brand into a $2 billion business over the next two to three years, while also reorganizing its brick-and-mortar network.
The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
If anyone is enjoying a great January it has to be Michael Kliger, CEO of Mytheresa.com, who this month pulled off an IPO valuing the online retailer at $2.2 billion. We spoke with him three hours before going public.
The UK’s outbound cross-border e-commerce rose as much as 57% last year and the peak festive trading month, November, saw an increase of 42% year-on-year as well.
Pure London organiser Hyve Group has described near-term operating conditions for physical events as “fluid”, with Covid-19-related disruption continuing to hit its domestic and European schedule.
Superdry’s CEO has dismissed fears over its future following the inclusion of a “going concern” warning in its latest set of results this week.
Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
German online luxury retailer Mytheresa was valued at $2.2 billion in its initial public offering in New York on Wednesday.
