Brian Burke, a director at business advisory firm Quantuma, which oversaw Select Fashion’s administration process last year, says the new Corporate Insolvency and Governance Bill will help protect some retail businesses. However, he predicts CVAs “will form a large part of the future retail landscape”.
Just a week after luxury designers and retailers teamed up to demand a shift in fashion’s selling calendar, the fashion industry’s leading bodies have put up a united front to support the new direction.
Over the past few weeks, the Drapers team has been speaking to wholesale brands, agents, independent retailers and multiples about how they will tackle the autumn/winter season as we come out of lockdown – including plans to discount unsold stock.
Demon Zhang, founder and chief designer of Chinese womenswear brand Mithridate, which shows at London Fashion Week, tells Drapers how the business coped with the Covid-19 outbreak and how it is getting back to work.
David Stevens, senior strategy director at brand consultancy Wolff Olins, says a green recovery from Covid-19 offers an economic and ecological opportunity.
Scott Joseph, founder of vegan, gender-neutral accessories brand Fashion Without a Face, discusses how he launched his sustainable Manchester-based business in the middle of the coronavirus crisis.
Mike Lester, CEO of lifestyle retailer WoolOvers, unexpectedly doubled its sales in April.
What's behind Next's bold bet on beauty halls?Subscription
Next’s decision to launch beauty halls in struggling shopping centres across the UK is risky, but boss Lord Wolfson rarely makes the wrong call.
Victoria Prew, Drapers 30 Under 30 alumna and co-founder of peer-to-peer fashion rental start-up Hurr Collective, tells Drapers how the business is adapting to life under lockdown.
Drapers examines the future of footwear chain Footasylum, after its proposed merger with retail giant JD Sports was thwarted by the Competition and Markets Authority