Sanpower, the giant Chinese conglomerate that’s selling a large chunk of its House of Fraser stake, has revealed a new industry strategy and named luxury specialist Guy Salter Chairman of its New Retail business.
Aries, Nabil Nayal, and Teija are the trio of newcomers who will have a share of the £380,000 that is available in grants from this year's BFC Fashion Trust, as well tapping into a major mentoring programme.
The royal wedding turned into a social media celebration for British designer names with analysis from InfluencerDB showing huge media coverage generated by Clare Waight Keller, Stella McCartney, Kim Jones and more.
Fashion search platform Lyst has confirmed a new round of financing on the part of luxury giant LVMH. While the terms weren’t disclosed, various reports put the amount both at “over” or “below” $60 million.
Value footwear retailer Shoe Zone may not have reported soaring sales for the six months to March 31 but the company kept its head above water and made progress as sales edged up by 1.1% to £73.7m and profit rose too.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.
Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, sources said on Wednesday.
The Columbus, Ohio-based apparel group reported an 8% rise in sales in Q1 2018, driven by strong comps at Bath & Body Works, but saw net income fall by half, leading the company to revise down its full year outlook.