Eight weeks after M&Co went into administration, it has been bought by AK Retail, which also owns Yours Clothing, BadRhino, Long Tall Sally, Bump It Up Maternity and PixieGirl. The purchase price wasn’t disclosed.
Freemans said on Friday that it had “a cracker of a Christmas” with sales in the eight weeks to the end of the year up as much as 23%. Its customer numbers also topped a million, which was up 65% from two years ago.
Stamm has won the AW23 Zalando Sustainability Award at Copenhagen Fashion Week with the brand having demonstrated “impressive craftsmanship as well as deep understanding and execution of more sustainable practices".
Kohl's Corp said on Thursday that interim Chief Executive Officer Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, will take over the role on a permanent basis.
Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.
Two key investors have slashed their stakes in under-pressure online fashion retailer In The Style. The moves follow a warning in a trading update late last month, with In The Style admitting its losses will grow.
This past week in Paris, Brazil’s most important luxury retailer Iguatemi feted its rebound from the pandemic, as its CEO Cristina Betts explained its M&A plans and predicted double continued digit growth in 2023.
There are big changes happening in John Lewis Partnership’s customer service capability, with the UK retail giant announcing new investment in its brands, data and technology “to give even more value to customers”.
Global fashion giant H&M is planning to shutter four of its regional UK stores, citing a “rapid change” in customer behaviour. Stores in Hartlepool, Maidenhead, Newport on the Isle of Wight and Burton are set to close.