LVMH takes minority stake in Gabriela HearstSubscription
LVMH has invested in a minority stake of sustainable US womenswear brand Gabriela Hearst.
Olivia Rubin launches wholesale Subscription
Womenswear brand Olivia Rubin has launched its debut wholesale collection for spring 19.
British business groups and companies have reacted with anger, after prime minister Theresa May’s proposed Brexit deal was overwhelmingly rejected by parliament last night.
Consumer spending falls further in DecemberSubscription
Consumer spending dropped by 1% in December 2018, with the high street taking a particuarly heavy blow in the run up to Christmas, new figures have shown.
Jack Wills calls in advisersSubscription
Lenders at Jack Wills have appointed accountancy firm EY to asses the company’s financial position.
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.