Alibaba Group and Fung Retailing partner upSubscription
Alibaba Group and Hong Kong-based Fung Retailing’s retail arm aim to open up the Chinese market to international lifestyle brands with a new strategic partnership.
House of Fraser hits Mulberry’s bottom line Subscription
Mulberry made a loss before tax of £8.2m for the six months to 30 September 2018, up from a loss of £600,0000 for the same period in 2017, following House of Fraser’s fall into administration and costs associated with launching into Korea.
Etailer Zalando has reported 11.7% revenue growth to €1.2bn (£1bn) for the three months to 30 September, in what it called a “financially challenging” period.
New Look increases UK store closuresSubscription
New Look has confirmed it has closed or will close 85 UK stores, an increase on the 60 planned closures outlined in its company voluntary arrangement (CVA).
Westfield London in White City has topped a list of leading UK shopping centres, knocking Westfield Stratford City off the number one spot for the first time in six years.
Authentic Brands Group buys Camuto GroupSubscription
Brand house Authentic Brands Group (ABG) has bought US brand house Camuto Group in partnership with American footwear retailer Designer Shoe Warehouse (DSW).
Exclusive: MIH Jeans enters administrationSubscription
MIH Jeans Limited, the London-based marketing and distribution company and licensee of denim label MiH Jeans, entered administration on 6 November after it was unable to meet cashflow demands, Drapers can reveal.
John Lewis fashion sales up Subscription
John Lewis & Partners’ fashion sales for week to 3 November were boosted by the cold weather and increased 7.6% on the same period last year.
Asics records EMEA sales dropSubscription
Sportswear brand Asics has reported a drop in sales for Europe, the Middle East and Africa in the first nine months of 2018.
Exclusive: head of USC departsSubscription
The head of Sports Direct-owned fascia USC, Adam Barton, has left the retailer, Drapers understands.