The joint administrators of Jaeger have announced that 233 jobs will be lost at the fashion retailer following the completion of its acquisition by Marks & Spencer. Advisory firm FRP announced Friday that it has secured a deal for the sale of the stock and supporting marketing assets of the Jaeger brand […]

The UK’s economy shrank by as much as 2.6 percent in November as the nation’s industries were hit hard by yet more lockdowns. According to The Office for National Statistics (ONS), November GDP fell back to 8.5 percent below the pre-pandemic levels seen in February 2020 compared with 6.1 percent below […]

Hammerson has announced that James Lenton has informed the board of his decision to step down from his role as chief financial officer. The company said, while it board has commenced a search for his successor, Lenton will continue in the role and as an executive director of the company until his successor […]

Product revenue at N Brown Group plc continued to recover from the sudden and sharp decline experienced in the first quarter of FY’21 caused by the impact of Covid-19. Group revenue declined 8.8 percent compared to 21.9 percent drop in the first quarter. Within apparel, the company saw strong growth […]

Canada Goose has announced the appointment of Michael D. Armstrong, Executive Vice President, ViacomCBS, to the company’s board of directors as an Independent Director, effective immediately, and the appointment of Scott Cameron as President, Asia-Pacific (APAC), effective April 1, 2021. Canada Goose […]

H&M Group has announced that Andreas Eriksson, the company’s head of media relations, will take on the position of communications director. Eriksson has previously held roles as communications director at UNICEF Sweden and managing director at Patriksson Group. He will be replacing Kristina Stenvinkel, […]

JD Sports and Authentic Brands could reportedly team up to acquire Topshop, the flagship brand of the collapsed Arcadia Group. UK sportswear retailer JD Sports and Authentic Brands, the US owner of Forever 21 and iconic department store chain Barneys, are in the early stages of talks over a joint bid […]

Express has secured a further 140 million dollars in financing to help bolster its liquidity. The fashion retailer has entered into a definitive loan agreement with Sycamore Partners as lead lender, along with Wells Fargo and Bank of America Merrill Lynch. The new financing includes a 90 million dollar […]

Canadian womenswear brand Aritzia has reported a slight increase in revenue in the third quarter of the year, driven by a surge in online sales. For the three months to 29 November, net revenue increased by 4.1 percent to 278.3 million dollars, while online sales during the period jumped 78.5 percent. […]

Fashion marketplace Poshmark has revealed the pricing of its IPO. The company said it plans to sell 6.6 million shares of its Class A common stock at 42 dollars apiece. The company is expected to be listed on the Nasdaq Global Select Market on 14 January under the ticker symbol ‘POSH’. It comes after […]

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