Grace Whelan is a news reporter at Drapers, specialising in menswear and property across the magazine and website. She joined the team in 2018 after graduating from City, University of London with an MA in magazine journalism. Personal industry interests include the developing role of tech in retail and British manufacturing.
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Industry welcomes part-time furlough optionsSubscription
Fashion bosses have welcomed the option to ease staff back to work part time under the extended Coronavirus Job Retention Scheme (CJRS), as they manage a phased return of store operations.
Ted Baker founder Ray Kelvin halves stakeSubscription
Ted Baker founder Ray Kelvin has cut his stake in the fashion retailer by 55%, as investment firm Toscafund overtakes him as the company’s largest shareholder.
Zalando sets science-based sustainability targets Subscription
German etailer Zalando has become the first online platform to announce its own science-based targets (SBTs) as part of its ongoing sustainability programme.
Retail and leisure developments 'mothballed'Subscription
Retail developments are likely to be reviewed and possibly “mothballed” in the wake of the coronavirus crisis, as landlords – faced with reduced incomes – reassess the viability of combined retail and leisure schemes operating under social-distancing restrictions, property experts have warned.
Ted Baker CEO to focus on 'low-hanging fruit'Subscription
There is “plenty of low-hanging fruit” at Ted Baker, so it is not reliant on a broader recovery in the fashion retail market to make progress, CEO Rachel Osborne insisted today after the company announced disappointing full-year results.
Jigsaw shutters Australian storesSubscription
Jigsaw has closed its stores and localised website in Australia, to allow it to focus on trading in the UK market.
Government to issue Covid rent arrears protocolsSubscription
The government is to publish a new temporary code of practice for high street retailers and landlords aimed at providing clarity and reassurance over rent payments affected by the ongoing coronavirus crisis.
Autonomy creditors owed almost £1m Subscription
External creditors to womenswear clothing brand Autonomy, including suppliers, are owed around £940,000 after the business went into administration in March.
Frasers Group has confirmed that all of its Sports Direct, Flannels and Jack Wills stores in England will reopen on 15 June in line with the government’s recent announcement.
Monsoon Accessorize on brink of administration Subscription
Monsoon Accessorize is on the brink of administration, having suffered from the impacts of the ongoing coronavirus crisis.