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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Inditex COO proposed for chief executive roleSubscription
Inditex executive chairman Pablo Isla has proposed the appointment of the group’s chief operating officer, Carlos Crespo, as chief executive.
Arcadia CVA proposal insufficient, say landlordsSubscription
Landlords and property experts say Arcadia’s CVA proposal does not close enough stores and lacks detail on a retail turnaround.
Landlords clash with Arcadia over restructuringSubscription
Landlords are dragging their heels over Arcadia Group’s restructuring and are calling for a “formal and transparent” company voluntary arrangement (CVA) proposal, industry sources have told Drapers.
New COO at Holland CooperSubscription
British lifestyle brand Holland Cooper has appointed Tom Ford’s Steve French as chief operating officer.
Independents have called for a temporary business rates allowance to support smaller retailers, as the Treasury committee develops a longer-term solution to the property tax crippling the UK’s high streets.
Rent reductions keep Shoe Zone competitiveSubscription
A flexible property portfolio, with reduced rents and lease lengths, has helped Shoe Zone to maintain growth in a slowing sector, chief executive Nick Davis has told Drapers.
Bangladesh Accord receives extensionSubscription
The Accord on Bangladesh Building and Fire Safety has been granted permission to continue its responsibility for a further 12 months, following a challenge from the Bangladesh government.
Mike Ashley’s Sports Direct International is attempting a legal challenge to Debenhams’ restructuring proposal, which was approved by creditors earlier this month.
Marks & Spencer accelerates store closuresSubscription
Marks & Spencer is aiming to shut 100 outlets by the end of 2020, accelerating its store closure programme by two years.
Arcadia restructuring details revealedSubscription
Arcadia Group’s restructuring could be announced as early as this week, and could potentially include the sale of its international businesses and the closure of nearly 60 Arcadia stores.