UK chancellor Rishi Sunak has announced additional financial support for jobs and businesses as the country grapples with a growing number of Covid-19 cases and new lockdown restrictions. As part of the new measures, the Job Support Scheme, which will come into effect on 1 November and looks to replace […]

Calvin Klein, Inc. has announced that Jacob Jordan, who has been working in a consulting capacity with the company since May 2020, will be joining the brand team full-time as Global Chief Merchant and Product Strategist, effective immediately. Jordan will report to Cheryl Abel-Hodges, Chief Executive […]

New post-Brexit rules could affect UK fashion companies and retailers, with the government launching an information campaign to step up preparations. Don’t get “caught out” and “time is running out” campaigns are urging firms to be mindful of the January 1st deadline. Unfortunately, there is no blueprint […]

Edinburgh Woollen Mill (EWM) Group is reportedly seeking more time to secure a rescue deal as the company teeters on the brink of administration. The group, whose portfolio includes brands Jaeger, Peacocks and Bonmarché, earlier this month filed a notice to appoint FRP Advisory as administrators with […]

Post Offices across the UK are helping to generate 1.1 billion pounds in additional revenue for the country’s struggling high streets, new research reveals. According to the study by The Public First research, commissioned by the Post Office, 33 percent of people say they had popped into a shop, café, […]

The owner of British men’s formalwear retailer TM Lewin is reportedly in talks for a potential takeover of Jaeger. According to Sky News, Torque Brands is one of a small number of bidders for the company. Torque Brands, which is a vehicle set up by private equity house SCP, acquired TM Lewin in June […]

After a second quarter marked by the health and economic crisis, Hermès said, sales in the third quarter increased 7 percent at constant exchange and 4 percent at current exchange rates driven by positive activity in the group’s stores, up 12 percent at constant exchange, momentum in Asia and an improvement […]

For the fourth quarter, RNB Retail said net sales decreased to 326 million Swedish krona, while comparable sales for the group on all national markets decreased by 32.8 percent. The company said in a statement that sales for comparable units in Sweden decreased by 35.5 percent, compared to the market […]

JCPenney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The a beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially […]

Next has denied accusations it destroyed vital documents related to an equal pay claim being brought by store staff. Hundreds of mostly female shop-floor workers argue they should be paid as much as their male colleagues in warehouses who are earning between 2 and 6 pounds more per hour on average. […]

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