Tag : Fashion news
John Lewis launches lockdown workshops Subscription
John Lewis Partnership is this week launching a series of free online workshops to help address some of the undesirable “side effects” of coronavirus lockdown, such as poor posture from home working.
LVMH quashes Tiffany share rumours Subscription
French luxury group LVMH has said it is not considering purchasing shares in US luxury jeweller Tiffany & Co, which would enable it to reduce its outlay on buying the business.
Premium Group to launch digital trade showSubscription
Berlin trade show organiser Premium Group is launching the “first digital trade show in the world” on 14 July, in response to the coronavirus.
M&S scraps bonuses for a second yearSubscription
Marks & Spencer will pay no executive bonuses for a second year, despite a “much stronger management team” “working harder than ever” in the coronavirus pandemic, said chairman Archie Norman.
Coronavirus tracker: how the industry is reacting Subscription
Keep up to date with industry updates amid the Covid-19 coronavirus outbreak.
John Smedley and the '10 Covid commandments'Subscription
Ian Maclean, managing director of John Smedley, talks coronavirus survival strategies, international expansion plans and safeguarding the future of the 236-year-old knitwear brand and manufacturer.
Fashion retailers will take a cautious approach to discounting when they reopen stores in England from 15 June, despite the desperate need to clear stock left unsold during lockdown.
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.
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”.
Atterley appoints strategic adviser Subscription
Online fashion marketplace Atterley has appointed former British Vogue editor-in-chief Alexandra Shulman as a strategic adviser.
Intu outlines shopping centre safety plansSubscription
Shopping centre owner Intu has outlined how it will safely support the gradual reopening of non-essential retail stores at its 14 UK shopping centres, in line with government guidelines.
What is happening at Jigsaw? Subscription
After a mass boardroom exodus, questions have been raised over who is running Jigsaw. Drapers investigates.
Boardroom changes at Burberry Subscription
Burberry Group independent non-executive director and senior independent director Jeremy Darroch is to step down because of his other executive commitments.
M&S bolsters clothing and home team Subscription
Marks & Spencer has appointed Heidi Woodhouse as its new director of home and furniture, to help accelerate the transformation of its clothing and home arm.
The Covid-19 coronavirus crisis continues to be a threat to the survival of shops up and down the country, the British Retail Consortium (BRC) has warned, as retailers gear up to reopen in June.
Kurt Geiger issues store reopening plans Subscription
Footwear retailer Kurt Geiger has predicted it will spend an additional £75,000 on running each of its stores this year as part of its plans to reopen when the coronavirus lockdown is lifted.
Canada Goose lays off 125 staff Subscription
Luxury outerwear brand Canada Goose is cutting 125 staff members as a result of the coronavirus, roughly 2% of its global workforce.
Frasers Group reviews furlough payments Subscription
Mike Ashley’s Frasers Group, formerly known as Sports Direct International, has decided to keep salary levels at 100% in May for the majority of its employees.
Brigadier requests Moss Bros takeover review Subscription
Crew Clothing owner Brigadier Acquisition Company has requested a takeover ruling review after it was blocked from attempting to retract its £22.6m bid for menswear chain Moss Bros.
Moose Knuckles hires new CFOSubscription
Canadian luxury outerwear brand Moose Knuckles has appointed Rob Zeidel as its joint chief financial officer and chief operating officer, effective immediately.
The Kooples names new artistic directorSubscription
French fashion brand The Kooples has appointed Tom Van Dorpe as its new artistic director.
M&S hires new online clothing boss Subscription
Marks & Spencer has hired the commercial vice-president of Asda’s George brand, Stephen Langford, as its new ecommerce director.
Cotton Council joins Sustainable Apparel Coalition Subscription
US not-for-profit group Cotton Council International (CCI) has joined the Sustainable Apparel Coalition (SAC) and will use the group’s Higg Index sustainability measurement tools to drive environmental and social responsibility throughout its supply chain.
BFC and CFDA call for industry change Subscription
The British Fashion Council (BFC) and the Council of Fashion Designers of America (CFDA) have called for an alignment of the global fashion industry amid the coronavirus pandemic.
Online stores open on Facebook and InstagramSubscription
Facebook has accelerated and extended the launch of its shopping platform as a result of the coronavirus pandemic.
More than two-fifths of retailers do not feel prepared to reopen their stores after the Covid-19 coronavirus lockdown, Drapers’ new research has found.
Six Jigsaw board members step downSubscription
Six Jigsaw board members have stepped down to “streamline” the business amid the coronavirus crisis.
Cat appoints new global president Subscription
US footwear brand house Wolverine Worldwide has appointed Chip Coe as the new global president of footwear brand Cat.
Fashion wholesale agencies and distributors across the UK are calling to be included in the Covid-19 business rates grant and relief schemes.
Retail profit warnings rife in Q1 2020 Subscription
FTSE retailers issued 38 profit warnings in the first quarter of 2020, “Big Four” auditor EY’s latest profit warnings report shows.
Fashion wholesale agencies and distributors across the UK have asked Drapers whether they are eligible to access any Covid-19 business rates relief and grant schemes. Find out the answer here.
First look: Spanx activewear to make UK debutSubscription
US underwear brand Spanx has today launched its activewear line Spanx Active in the UK for the first time.