Ann Summers has received the green light from its creditors to go ahead with a company voluntary arrangement (CVA) to restructure its store estate. The CVA, which was approved by 90 percent of creditors, will affect the 25 of Ann Summers’ 91 stores it was unable to agree revised rent terms for with […]

British footwear retailer Clarks has been given the green light from its shareholders to go ahead with its proposed partnership with Hong Kong-based private equity firm LionRock Capital. Last month, LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the British […]

LK Bennett has been given the green light by creditors to move ahead with its company voluntary arrangement (CVA) that will see five of its stores permanently close and the rest move to turnover-based rents. The British womenswear retailer employs 400 staff and has 18 standalone stores. The retailer […]

Some factories in Pakistan supplying clothes to Boohoo have been accused of paying workers 29p per hour and making them work in appalling conditions. An investigation by the Guardian into the working conditions of two factories in the industrial city of Faisalabad found workers who claimed they were […]

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report […]

British retailer N Brown has completed the 100 million pound fundraising it announced last month. The Manchester-based company has previously said the fundraising will help strengthen its balance sheet and “allow targeted investments to accelerate delivery of growth strategy to capitalise on the structural […]

Etsy, Inc. (NASDAQ:ETSY) hit a new 52-week high in early December after KeyCorp raised their price target on the stock from 160 to 180 dollars. KeyCorp currently has an overweight rating on the stock. The company has an average rating of “Buy” and an average price target of 142.23 dollars per share. […]

Livestream commerce has exploded in 2020, boosted by brands seeking new ways to deliver digital interactive shopping experiences to consumers who have been confined to their homes. The commercial opportunity for brands is significant, with China’s Commerce Ministry reporting that the number of e-commerce […]

Tier 4 government restrictions could force London’s buoyant beauty salons to lose over 16 million pounds per week. The figures were announced by the National Hair & Beauty Federation, which counts 7,015 hairdressing, barbering and beauty business in London, who collectively earned 841.5 million […]

The number of UK retailers - including both online and bricks and mortar stores - in “significant financial distress” jumped by 24 percent in the fourth quarter, as fresh lockdown restrictions and ongoing Brexit uncertainty continue to impact the industry. With Christmas just around the corner, a total […]

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