Announcing Expressway Forward corporate strategy to drive profitable growth, Express inc has said that the company expects to close approximately 100 stores by 2022 including nine stores that have already closed in 2019, 31 by the end of January 2020, and an additional 35 by the end of January 2021. […]

Ted Baker has announced the value of inventory held on the group's balance sheet at 26 January 2019 could be overstated by 58 million pounds, more than double the amount it estimated when it announced the error in December. Last month, the British luxury brand announced it had overstated the value of […]

Retail revenues at Burberry for the quarter ended December 2019 reached 719 million pounds, an increase of 2 percent CER and 1 percent at reported FX. The comparable store sales growth of 3 percent in Q3, the company said, was led by full price sales, driven by new product availability partially offset […]

New York - The Brenninkmeijer family, founders of C&A, announced Tuesday the launch of their new foundation, which will combat climate change while addressing the inequality crisis. The newly created entity, the Laudes Foundation, aims to advance the work of its influential C&A Foundation create “positive […]

New York - Zadig & Voltaire counts on a new investor: private equity firm Peninsula, which has just made an ‘strategic growth investment” in the French luxury ready-to-wear brand. “We are delighted to welcome Peninsula as our new partner. Their long-term investment horizon and retail expertise are fully […]

New York – The lower-middle market specialised private equity firm Brand Velocity Partners (BVP) announced on Tuesday it has acquired Original Footwear Inc. for an undisclosed sum. Investing alongside BVP in Original Footwear were BPEA, a Boston-based private equity firm, Pinnacle Financial Partners, […]

H&M is growing its global presence. The Swedish fashion brand, which is already available in 74 store markets and 51 online markets around the world, will launch in Central America later this year. Through a new franchise agreement with Hola Moda S.A., a new H&M store will open in Panama at the end […]

Joop! is expanding to the UK with its men’s collection this week as the brand aims to double revenues. The label, founded by one of Germany’s most famous designers, Wolfgang Joop, and owned by Swiss fashion company Holy Fashion Group, is also planning to open more stores in its home market. A Joop! […]

Total sales at John Lewis for the week to January 18, 2020, were down 2.8 percent as customers shopped the final week of clearance. The company said in a statement that fashion sales were down 2.8 percent overall, again due to lines sold through in clearance but sales of menswear were up 7.3 percent […]

The owner of Reiss is reportedly considering selling the British fashion retailer after a period of impressive trading and against a broader backdrop of troubled British retail. Warburg Pincus, which took a majority stake in the fashion chain back in 2016, has appointed investment bank Rothschild to […]

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