French premium fashion group SMCP has announced it has obtained a state-guaranteed loan of 140 million euros to help it mitigate the financial impact of Covid-19. “The group has contracted a loan of 140 million euros, guaranteed by the French State (PGE) up to 90 percent with a one-year maturity loan […]

The OTB group, which includes Diesel, Margiela, Marni and Viktor and Rolf, has launched what it is calling a “hyper real” virtual sales showroom to sell its spring/summer 2021 collections after it accelerated its transition to digital options due to the coronavirus pandemic. In a statement, OTB said […]

Amazon UK has teamed up with small business support network Enterprise Nation to launch a free accelerator programme to support 200,000 startups and small businesses. The Amazon Small Business Accelerator is an online educational programme looking to help people set up an online business or build on […]

JD Sports has announced that it has bought back its Go Outdoors brand from administrators in a pre-pack deal worth 56.5 million pounds. The deal will initiate a restructuring which aims to “preserve as many jobs as possible” and retain “the majority” of Go Outdoors’ stores. The news came in the same […]

In the first six months of the current fiscal year, revenues at Ahlers Ag dropped by 33 percent to 70.7 million euros since due to the coronavirus pandemic, clothing retailers throughout Europe closed their stores between March and May 2020. The company said in a statement that a set of earnings and […]

French brand Naf Naf has been bought by one of its suppliers, Turkish fabric manufacturer SY International, after the struggling brand was placed into receivership in May. Naf Naf will be taken over by the company’s French subsidiary, SY Corporate France. It is understood that the acquisition will save […]

Founded in 1982, Ardene is a family-owned Canadian fast-fashion retailer. The company started as an accessory and jewelry retailer, and today they’re on a whole new level, featuring a vast assortment of clothing, footwear, accessories, jewelry, activewear, intimates, and more. Ardene started to expand […]

European textile industry player Nextil, owner of brands such as Treiss, EFA, Ritex, Sici93, Playvest, Anna Llop and Dogi, said that its EBITDA reached 1 million euros in the first quarter, a decrease of 0.5 million euros compared to the same period last year, despite much of the commercial activity […]

Intu has warned that if crunch talks this week with lenders fail, it may fall into administration and be forced to close shopping centres. The UK shopping centre operator has been in talks with key stakeholders to reach a standstill agreement on terms of up to 18 months ahead of the revolving credit […]

In the six months to April 4, 2020, Shoe Zone plc reported revenue of 68.9 million pounds compared to 73 million pounds in the first half of 2019, while statutory loss before tax was 2.5 million pounds compared to profit before tax of 1 million pounds, while statutory loss per share was 4.1p compared […]

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