Suppliers’ fears for Debenhams mount Subscription
Suppliers have expressed concern about the future of Debenhams following last week’s revolt by Mike Ashley at the retailer’s annual general meeting.
LF Intimates sold to Pour Moi Subscription
LF Intimates, the owner of swimwear and lingerie brands Charnos and Lepel, has been sold to British swimwear, nightwear and lingerie brand Pour Moi for an undisclosed sum.
New Look to regroup after restructuring debtSubscription
New Look’s refinancing, aimed at reducing its long-term debt by 80%, will put the retailer “on the front foot” in tackling its turnaround strategy, executive chairman Alistair McGeorge has told Drapers.
Turkish modest etailer to open London officeSubscription
Modest fashion etailer Modanisa is planning to open an office in London after it sold a minority stake to investment banks Goldman Sachs and Wamda Capital for an undisclosed amount.
Fashion sales at John Lewis for the week to 12 January jumped 4.9% compared with 2018, driven by customers shopping the Sale and starting to buy into spring ranges.
M&S names stores set to shutter Subscription
Marks & Spencer has revealed the next 17 shops proposed for closure across the UK as part of plans to reshape its store estate, impacting more than 1,000 members of staff.
Fila debuts new premium lineSubscription
Italian sportswear brand Fila is launching a new, premium label – Fila Fjord – for autumn 19.
Spill the Tea causes a stirSubscription
Ethical, vegan, independent and 1990s are all buzzwords on the young fashion scene, and new brand Spill the Tea is seeking to tap into the market.
Revenue rises at Boohoo Group Subscription
Group revenue at Boohoo Group rocketed by 44% across all regions in the four months to 31 December.
Lululemon ups revenue forecast Subscription
Canadian activewear retailer Lululemon has upped its revenue forecasts for the last quarter of its financial year following online sales growth and demand in China.