British retailer N Brown announced a 100 million pound fundraising on Thursday alongside its half-year results. The Manchester-based company said the equity raise would come by way of a fully pre-emptive placing to the substantial shareholder, subject to clawback under the 100 million pound open offer […]

Superdry has reported a drop in revenue for the first half of the year, slightly offset by a jump in e-commerce sales, in what has been a tough year for physical retail. For the six months to 24 October, total revenue fell 23.3 percent compared to the same period last year, comprising a 24.1 percent […]

Asos has appointed José Antonio Ramos Calamonte as Chief Commercial Officer. The company said in a statement that this hire marks the latest appointment in a series of newly-created roles designed to further strengthen the Asos executive team and ensure the company has the strategic capability required […]

N Brown’s revenue declined 17.6 percent to 356.7 million pounds for the first half year, as a result of a 20.5 percent decline in product revenue and a 12.2 percent decline in financial services revenue. The company said statutory profit was 14.1 million pounds, a decrease of 4.7 million pounds, adjusted […]

In a year-to-date trading update, Joules said that sales for the period were ahead of the board’s expectations driven by strong year-on-year e-commerce growth of 35 percent, with e-commerce revenue accounting for 70 percent of the group’s retail sales in the period. The company said in a statement that […]

Global lifestyle brand Birkenstock has opted to partner with software company Centric PLM and is in the midst of further streamlining product development processes, improving time to market and collaboration among teams. Centric Software provides innovative enterprise solutions to fashion, retail, footwear, […]

As the world awaits America’s election results, Balenciaga is making plans to open their first production plant in Italy for 2021. The new factory will be focused on accessories production, and will be located in Tuscany, Italy 25 miles outside of Florence. Rather than building an entirely new factory, […]

The John Lewis Partnership has announced plans to cut up to 1,500 head office jobs by April 2021 as part of its ongoing strategy to return to profit. The redundancies are estimated to save the retailer 50 million pounds - a significant contribution to its target of making 300 million pounds in annual […]

LionRock Capital has agreed to acquire a 100 million pound majority stake in Clarks provided the British footwear retailer gets the green light from creditors to launch a company voluntary arrangement (CVA). As part of the proposed CVA, Clarks is looking to move 60 of its 320 stores to nil rent, it […]

Chinese e-tail giant Alibaba is reportedly in “advanced discussions” to invest nearly 300 million dollars in online luxury fashion retailer Farfetch. According to publication The Information, which reported the news Monday citing people familiar with the matter, the two companies are also in talks to […]

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