Tag : Fashion news
Coronavirus tracker: how the industry is reacting Subscription
Keep up to date with industry updates amid the Covid-19 coronavirus outbreak.
No immediate plans for new Debenhams CEOSubscription
Debenhams will be run by its existing senior team, including managing director for fashion and home Steven Cook, while it prepares for the next phase of its turnaround.
The Monday Briefing: Boohoo, Debenhams Subscription
What you need to know from this weekend’s news.
Primark to reopen all stores in England Subscription
Primark plans to reopen all of its stores in England as soon as government restrictions on non-essential bricks-and-mortar retail are lifted on 15 June.
Ted Baker has announced plans to raise £95m through a stock issue to help it ride out the coronavirus downturn, after reporting a slump in full-year profits.
Aldo UK collapses into administrationSubscription
The UK arm of Canadian footwear retailer Aldo Group has fallen into administration as a result of the impact of the Covid-19 coronavirus pandemic.
Further store closures loom at DebenhamsSubscription
Struggling department store chain Debenhams is in discussions with landlords about the possible permanent closure of a further five stores, and has saved two of its Hammerson-owned stores that were due to be taken over by Next.
Asics is aiming to reopen its UK stores on 15 June when coronavirus lockdown measures are eased, the footwear brand’s vice-president EMEA Gary Raucher has told Drapers.
Debenhams cuts hundreds of head office rolesSubscription
Debenhams has today cut hundreds of head office roles following its second collapse into administration earlier this year, and has revealed its plans to reopen stores next month.
Businesses borrow £18bn in 'bounce back' loansSubscription
Small and medium-sized businesses have borrowed more than £18bn under the government’s Bounce Back Loan Scheme in its first three weeks of operation.
HR director exits M&SSubscription
Marks & Spencer’s HR director Harriet Hounsell has left after less than eight months in the role.
Macy's seeks £1bn in bond saleSubscription
US department store chain Macy’s is hoping to raise $1.1bn (£900m) in a property-backed bond offering, to help it through the coronavirus pandemic.
Joules plans phased store reopeningsSubscription
Joules will begin a “phased” reopening of stores from 15 June, when coronavirus lockdown measures are eased.
Boohoo buys remaining stake in PrettyLittleThingSubscription
Boohoo Group has purchased the remaining 34% of shares in PrettyLittleThing from its minority shareholders, including founder Umar Kamani, for an initial consideration of £269.8m.
Next signs Marvin Humes as ambassador Subscription
Next has unveiled presenter, singer and DJ Marvin Humes as its first menswear ambassador.
Next to reopen 25 stores from 15 JuneSubscription
High street retailer Next will reopen 25 stores on 15 June as the coronavirus restrictions ease.
Boohoo Group disputes cashflow claims Subscription
Boohoo Group has strongly denied claims that it had exaggerated its free cashflow by more than £30m.
The Iconic launches 100% recycled packagingSubscription
Australian multibrand etailer The Iconic, which is owned by international ecommerce group Global Fashion Group (GFG), has launched 100% recycled “delivery satchels”.
Harrogate Fashion Week postponedSubscription
The July edition of trade show Harrogate Fashion Week has been provisionally pushed back to August as a result of Covid-19.
Bank holiday footfall jumps 49% Subscription
The opening of non-essential stores on 15 June “couldn’t come soon enough”, Springboard has said, after footfall jumped significantly over the bank holiday weekend.