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".
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.
Global Fashion Group has announced a co-CEO and leadership transition with Christoph Barchewitz to become sole CEO as Patrick Schmidt steps down as co-CEO after 10 years with the business and five years of co-leadership.
Prada hit something of a low just a few years ago due to the pandemic. But its impressive recovery was underlined on Thursday as the latest instalment of the Lyst Index showed it as the hottest brand in the world.
In another sign that repair is one of the key trends for 2023, YNAP said its in-season and off-price e-tailers Net-A-Porter, Mr Porter and The Outnet are launching their first dedicated customer care & repair offers.
Silverburn is in for a busy 2023. Glasgow’s newest shopping centre has agreed new leases, upgrades and upscaling for existing tenancies -- including Next, Victoria’s Secret, Sunglasses Hut, Hobbs and The Body Shop.